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UK: Casino buyout granted after modifications

 |  April 16, 2013

The Competition Commission has approved of a buyout of Gala Casinos by Rank Group, one of the largest gambling companies in the market, after Rank agreed to a revised deal. Rank will buy the casino chain for about $273.5 million and will obtain 19 of the company’s casinos and three non-operating licenses. The Commission agreed to the deal as Rank decided to not acquire casinos in four geographical locations to avoid competition concerns.

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