Guoco raises stake in Rank
7 Feb 2008
UNITED KINGDOM -- As reported by the Financial Times: "Guoco, the Asian-based investment group run by Quek Leng Chan, has increased its stake in Rank Group, the UK casino, bingo and online betting company.
"Rank on Wednesday announced Guoco's stake had risen to 6.05 per cent, an addition of 1 per cent to its holding revealed last week.
"Guoco, which bought the Clermont Club in London's Berkeley Square from Rank two years ago, has a subsidiary which is looking to build a casino base in the UK but which has won only four out of 19 licences to build new casinos..."