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RankPLC plans to spend GBP50 million on 10 new casinos

The UK online and land gambling group plans to spend GBP50 million on 10 new casinos
British gaming firm Rank plc plans to spend GBP 50 million to expand its casino operations by a third, a company spokesman revealed over the weekend.
The company aims to build at least five casinos in northern and central England over the next two years at a cost of GBP23 million, with another five to be rolled out later, the spokesman said, confirming a Mail on Sunday newspaper report.
Rank, owner of the Mecca bingo hall and Grosvenor land and internet casino chains, last week said revenues grew across all its businesses in the first half as customer numbers rose and as average customer spending per visit also gained .
The company currently operates 35 casinos and 103 bingo halls, along with a large Internet stable of online gambling websites.
Ian Burke, Rank's chief executive, said the group would bid for a new casino in Newham – the first under the Government's 2005 plans for eight new large and eight new small casinos.
The gaming boss also called for regulations for the new casinos to be extended to the existing ones, pointing out that Rank's Victoria casino on the Edgware Road is only allowed 20 slot machines – whereas it would be allowed 150 under the new rules.
Rank added that revenues were up at clubs it has refitted to target younger players with a "noisier area" and a new menu.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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