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Rank Plc Biggest Uk Land Gambling Group

Monday April 15,2013 :  RANK PLC SET TO BECOME THE BIGGEST LAND GAMBLING GROUP IN THE UK (Update)
 
Competition Commission finally gives its stamp of approval for amended Gala Coral deal
 
The Rank plc land and online gambling group is set to become Britain's largest land gambling firm following the approval this week of the UK Competitions Commission for the Gala Coral deal.
 
Rank can now go ahead with the acquisition of Gala Coral's land-based estate in the GBP 179 million deal.
 
The issue has been dragging on since May last year  when Rank made its bid to acquire the 23 bricks-and-mortar venues operated by Gala Casinos Limited in the UK, along with the Gala Coral subsidiary’s three 'cold' licenses.
 
The original agreement would have seen Rank take over 57 UK venues along with a 44 percent market share, but this proposal ran into trouble with the Office of Fair Trading, which referred the matter to the Competition Commission on fears that it would 'substantially reduce competition in the casino sector.
 
The Competition commissioners ruled that the take-over could only proceed if the Gala operations in Aberdeen, Stockton-On-Tees, Bristol and Cardiff were excluded...and Rank would have to dispose of a cold licence it held in Edinburgh before it could acquire the Gala venue in that location.
 
Cold licenses are those where an operator holds the right to operate a casino in a particular area even though the premises are not currently active. In the Rank case, it has off-loaded its cold licence in Edinburgh to Global Gaming Ventures, the Commission reported.
 
Rank will now go ahead with the purchase of 19 casinos and three cold licences from the Gala Coral Group following the conditions outlined by the Competition Commission.
 
In addition to its extensive online and mobile gambling products, Rank will ultimately own 54 operating land venues and twelve non-operating licences although Gala Coral’s venues in Aberdeen, Bristol, Cardiff, Stockton-On-Tees and Gibraltar along with its non-operating licences for Westminster and Dundee.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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