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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.
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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