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Rank re-opens GBP200 million casino deal talks with Gala Coral

Thursday, May 10,2012 : RANK GROUP AND GALA CORAL RETURN TO THE NEGOTIATING TABLE
 
Rank re-opens GBP200 million casino deal talks with Gala Coral
 
It appears that Rank Group plc is still interested in acquiring Gala Coral group despite walking away from negotiations at the end of March this year .
 
The Telegraph newspaper reported Thursday that the two gambling groups have returned to the negotiating table, with Rank still interested in a possible GBP 200 million deal for the casino wing of its rival.
 
The newspaper reports that the key stumbling block when the last talks broke down was the obligation to take on property leases relating to casinos no longer owned by Gala, though a disagreement over Gala Casinos’ pension liabilities was largely resolved.  It notes that a successful deal would make Rank the leading casino operator in the UK.
 
Rank is now 74.5 percent-controlled by Malaysia’s Guoco Group following a takeover last year
 
Neither Rank or Gala Coral would comment on the resumed casino talks.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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