Rank Finally Acquires New Casinos
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 Group Plc, commented:
“I am delighted that we have completed the acquisition of Gala Casinos. The addition of 19 casinos creates a market leading position for our Grosvenor Casinos brand, taking us into 11 new markets in the UK.
Rank now has 54 operational Casino Licenses and 12 non operational licences. The exercise of bringing the Gala into line with the Grosvenor and the G brand will take 2 years and a further investment of another £25 Million. It i expected that up 8 of the old Gala casinos could become a G Casino.
1. About The Rank Group Plc
The Rank Group Plc is a leading European gaming and betting business, based in
the UK and listed on the London Stock Exchange (RNK.L). Its principal activities are
the operation of casinos and bingo clubs with complementary digital gaming.
Rank‟s operations comprise:
Grosvenor Casinos – 54 casinos in Great Britain; two casinos in Belgium; online
and mobile offering via grosvenorcasinos.com
Mecca – 97 bingo clubs in Great Britain; online and mobile offering via
Enracha – 11 bingo clubs in Spain