Rank/Gala Merger Reviewed by Competition Commission


Rank&s deal to acquire Gala Casinos is still a possibility after the £205 million offer was referred to competition authorities.

The merger would place Rank&s Genting as the UK’s largest chain of casinos giving their Grosvenor division a total of 57 sites.

Back in August, the Office of Fair Trading (OFT) revealed the plans to the Competition Commission while Rank continued negotiations with regard to changes made to terms after the referral.

Rank revealed first quarter figures indicating a rise in sales across their brands.

Rank has plans to convert a Portsmouth Grosvenor Casino to the G Casino format and a new G Casino opening in Reading during the third quarter is in the works.

Rank was willing to put down £182.5 million for Gala casinos, with the remainder to be paid in installments until 2015 once specific conditions are met.

A report on the merger is expected by February 3, 2012 from the Competition Commission. This is crucial as they can opt to stop the deal dead in its tracks.

Comments are closed.

Hot Slot Sites

Platinum Play

Platinum Play
Platinum Play is an award-winning internet casino and a proud member of the Fortune Lounge group of gaming brands, presenting players with the unique opportunity of experiencing all the benefits of a land-based casino from the comfort of their own homes....

Play Now

Omni Casino

Omni Casino
Collect $/€/£ 200 free when you first deposit with Omni Casino. Welcome Bonus: Up to $/€/£ 200 FREE on your 1st Deposit ...

Play Now

All Star Slots

All Star Slots
100% Bonus up to $787 at All Star Slots Casino...

Play Now

Ladbrokes Casino

Ladbrokes Casino
All new players get up to €/£100 welcome bonus at Ladbrokescasino.com. As a new customer to Ladbrokescasino.com they would like to offer you a 100% Welcome Bonus up to a maximum of 100 free chips....

Play Now

Slots Jungle

Slots Jungle
Slots Jungle will match each of your first 10 deposits by 100% up to $1,000 for a grand total of $10,000. No other online casino offers you this much extra free cash to play with. So start cashing in today! To collect, simply redeem bonus code: JUNGLEWELCOME ...

Play Now

Noble Casino

Noble Casino
Get a Great $4,000 Welcome Bonus! Noble Casino aims to give you the greatest gaming experience you can find online and part of that is a whopping welcoming bonus offer! Enjoy 100% up to $1,000 on your first 4 deposits! Play your cards right and you could get an additional $4,000 ...

Play Now

Flamingo Club Casino

Flamingo Club Casino
£/€/$200 Sign-Up Bonus For New Players! Get 100% Bonus on each of your first 2 deposits giving you 200% MORE MONEY! That’s up to £/€/$ 200 in extra cash to DOUBLE your bankroll and help you WIN BIG at Flamingo Club casino...

Play Now

Casino Classic

Casino Classic
Enjoy the games from Microgaming software company and the slots tournaments at Casino Classic. Casino Classic offers all its new players $500 FREE! And 60 minutes to win as much money as you can....

Play Now

Golden Tiger Casino

Golden Tiger Casino
Play With $1,500 FREE at Golden Tiger Casino They will give you $1,500 and 60 minutes to make as much money as you can!...

Play Now

24kt Gold Casino

24kt Gold Casino
24kt Gold Casino is powered by Playtech and brings players over 100 exciting games, huge progressive jackpots and a $200 welcome bonus. Play at 24kt Gold Casino and be rewarded for your loyalty. ...

Play Now

Online Casino Central

Online Casino Central
Online Casino Central is offering new players a welcome bonus of 100%, even better is that you recieve this cash match bonus on the first three deposits. Playtech powers this online casino so you are sure to be happy with the casino games and stability. ...

Play Now

Spin Palace Casino

Spin Palace Casino
Microgaming Casino, Spin Palace Casino. Players will experience best in audio and graphics and will enjoy great online slots tournaments. Welcome bonus package is up to $1,000 1st deposit of 100% match deposit bonus up to $150. ...

Play Now

Royal Vegas Casino

Royal Vegas Casino
Royal Vegas Casino offers a total of $1200 in bonus offers. Over 390 games – Huge progressive jackpots – over USD1,000,000. Microgaming is behind Royal Vegas Casino and offers many online slot tourneys. ...

Play Now

Magic Box Casino

Magic Box Casino
Magical things happen at MagicBox Casino! Enjoy an amazing Welcome Bonus, reaching a mystical $567 in bonuses on your first three deposits!...

Play Now

Phoenician Casino

Phoenician Casino
Phoenician Casino gives new players a 50% welcome bonus of up to $50. This casino also gives 25% matching bonus (up to $200) on the 2nd deposit and a 20% matching bonus (up to $950 free) on the 3rd deposit. So that is a total of $1,200 in bonuses from Phoenician Casino. Another great Microgaming Casino. ...

Play Now