gala coral

Rank Finally Acquires New Casinos

Rank Finally Acquires New Casinos

Rank Finally The deal has now been done, today Rank has officially  announced  that they had acquired the 19 Gala casino on Sunday the 12th of May 2013. After a long drawn out process involving the Competition Commission Rank (Grosvenor) are now the largest casino operators in the UK overtaking Genting who have 44 operating casinos in the UK. Ian Burke, chairman and chief executive of The Rank Gro... »

Gala Deal of with Grosvenor

Rank Acquire Gala Casinos For £179 Million

Rank Acquire Gala Deal Done ! Originally the deal was referred to the Competition Commission as it was feared that this would reduce customer choice and value but after careful consideration from the Commission it has been decided that the deal can Happen On 12 May 2012 The Rank Group Plc (“Rank”) announced that it had conditionally agreed to acquire Gala Casinos Limited (“GCL”) from Gala Coral Gr... »

Gala Dundee closes

Gala Dundee Closes its Doors

Gala Dundee Closed Another chapter in the Gala Coral story. It may be due to the selling of the Gala Casinos to the Rank Group (Grosvenor Casino’s) or just down to the lack of custom in Dundee.However it makes no difference to those who worked there as Gala Dundee has now closed its doors. A Gala spokeswoman said: “I can confirm the casino in Dundee is going to close on February 16. We are n... »

Casino Sale

Rank Gala Complications Could End The Deal

Rank Gala The Saga Continues After initially report that the Rank Gala Deal was on and then it was off  due to the Competition Commission,Rank have released an official update on the proposal to acquire Gala Casinos and is as follows On 12 May 2012 Rank announced that it had conditionally agreed to acquire Gala Casinos from Gala Coral Group Limited (“Gala Coral Group”) for a total cash considerati... »

politics the gaming industry

Casino Technology Server Based or Server Supported Gaming / Europe

Casino Technology Server Based or Server Supported Gaming / Europe I have found the following article in the Casino Enterprise Management Magazine by Sheleen Quish, Senior VP of Information Technology and Human Resources at Ameristar Casinos: http://www.casinoenterprisemanagement.com/articles/may-2011/demystifying-server-based-gaming. The article, albeit a bit old, explains very well what the Serv... »

Rank Deal Suspended

Rank Deal Suspended

Rank Deal Suspended, Full Investigation Just when it looked as it was so close to completing the Rank deal is now subject to a full Competition Commission investigation. The acquisition of Gala Coral Casino division would have made them the largest UK Casino Operator catapulting them above Gentings Casinos.The Office of fair Trading has raised concerns that could see the whole Rank Deal suspended ... »

Gala Casinos A History

Gala Casinos A History

Gala Casino History Now that the sale of Gala Casinos is on the cards I asked some one who worked at both  Stakis Casinos and Gala Casinos to put together a brief story of how they became Gala Casinos Group, as soon this may be the end of Gala as we know it today Sir Reo Stakis (born Argyros Anastasis) (13 March 1913 – 28 August 2001) was a Scottish-Cypriot hotel magnate, Stakis 1964 Stakis ... »

Gala Deal of with Grosvenor

Rank Gala Deal Done

Rank Gala Deal Done:It has finally happened ! There is a few fine details to overcome Rank is to pay Gala Coral £205 million making it the biggest operator with 58 Casinos. The deal was confirmed in statement today (Sat 12.05.12). The initial payment will be £182 million and the rest will be held in escrow. The previous stumbling blocks have now all been addressed. The deal does not include the Ga... »

Gala Deal of with Grosvenor

Rank Gala Deal Back On

Rank Gala Deal Back on Rank are about to announce that the deal is back on the table, it has only been a few short weeks ago that the initial talks  has ended and the deal was definitely  OFF. Reported price this time is £200 m. Analyst said that previously the sticking points had arisen around the pensions and property that Gala no longer actually owned. The solutions to both problems now seem to... »

Gala Deal of with Grosvenor

Rank Not to Buy Gala The Deal is Off

Bingo and casino operator Rank has pulled out of talks to buy the casino operations of Gala Coral, a £250m deal that would have transformed the business into the UK’s biggest casino operator. But following two months of discussions, Rank has terminated the discussions after failing to agree a price that would have been acceptable to its shareholders. Adding the 24 casinos owned by debt-laden... »

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