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U.K.: Casino group may need to sell casinos to win takeover bid

By  |  December 18, 2012
U.K.: Casino group may need to sell casinos to win takeover bid

Rank, a European gaming group, may sell six casinos in Britain to remedy competition concerns over its takeover of competitor Gala Coral for £205 million. The deal would make Rank Britain’s largest casino operator. Rank is majority-owned by Malaysian company Guoco Group. In its initial report, the Competition Commission said the merger would make Rank one of only two casino operators in Britain, along with Genting. Selling six casinos is a possible remedy suggested by the Commission. A final report on the deal will be published by the Commission in February.

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    Full Content: Reuters

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