Rank terminates discussions with Gala Coral

29 Mar 2012

(PRESS RELEASE) - On 30 January 2012, The Rank Group Plc ('Rank' or 'the Group') announced that it was in discussions with Gala Coral Group ('Gala') about a potential acquisition of Gala's casino business. Rank today announces that these discussions have ended after it became clear that the proposed terms of the acquisition would not serve the best interests of Rank's shareholders.

Rank's chairman and chief executive officer Ian Burke commented, 'Rank remains committed to delivering sustainable growth in shareholder value; the proposed terms of the potential acquisition did not achieve this objective. We will now concentrate on delivering our organic growth plans, including the delivery of 12 more G casinos by 2015."

Related Links

Related News

Rank terminates discussions with Gala Coral

Language Support: Your Location: > edit your preferences Home Online Slots Online Casinos Online Poker Online Bingo Backgammon Mahjong & Rummy Skill Games Lotteries Sportsbooks Betting Exchanges Spread Betting Binary Options Live Dealers Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Related Links Gala Coral Ownership Details Rank Group Ownership Details Related News Rank acquisition of Gala approved by Competition Commission Land-based operator Gala Coral signs deal with Sheriff Gaming 2012 review of online gambling industry by Calvin Ayre
	Rank terminates discussions with Gala Coral 29 Mar 2012 <a href='http://as1.casinocity.com/adclick.php?n=a21efcd1'><img src='http://as1.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt=''></a> (PRESS RELEASE) - On 30 January 2012, The Rank Group Plc ('Rank' or 'the Group') announced that it was in discussions with Gala Coral Group ('Gala') about a potential acquisition of Gala's casino business. Rank today announces that these discussions have ended after it became clear that the proposed terms of the acquisition would not serve the best interests of Rank's shareholders. Rank's chairman and chief executive officer Ian Burke commented, 'Rank remains committed to delivering sustainable growth in shareholder value; the proposed terms of the potential acquisition did not achieve this objective. We will now concentrate on delivering our organic growth plans, including the delivery of 12 more G casinos by 2015."