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RANK BOARD CHANGES RECOMMENDATION AGAIN
Tuesday June 28 , 2011 : Shareholder confusion as Independent Directors to reject offer!
A statement issued by Guoco Group (Guoco) giving a more detailed explanation on its intentions with regard to the Rank Group's (Rank) London Stock Exchange listing has prompted Rank's Board to change its stance and reverse its recommendation, in part, that shareholders accept the deal as the Independent Directors of Rank intended to do so just last week.
In response, Guoco issued a statement stating its intention to continue with the listing whether it attains a 75 percent hold on the company or not.
While Rank's Board still maintain that the offer under-values the company and are concerned that the threat of de-listing remains, its Independent Directors have reversed their recommendation, on the advise of Goldman Sachs International, and now no longer intend accepting the offer with regard to their own beneficial holdings in the company.
They have further advised those shareholders who are risk-averse to sell and those who are not, to also reject the offer.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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