Rank Group No Longer Bidding on Gala Casinos
Thursday, March 29th, 2012Earlier this year, it was announced that Rank Group had bid £250 million on the acquisition of Gala Casinos in the UK. Things looked positive, as it seemed that Gala was considering the takeover, but the deal has finally fallen through. Rank Group has reluctantly withdrawn its bid, as Gala has not responded positively to the potential deal.
Rank Group is the owner of a wide range of gambling venues across the UK, including Mecca Bingo and Grosvenor Casino. Gala is the third-largest gambling operator in the country with a 17% marketshare. If Rank Group’s bid were accepted, it would have become the largest gambling operator in the UK, owning over 70 venues across the country.
Unfortunately for Rank Group, this will not be the case. Gala was not for sale when Rank made its bid, and the operator’s shareholders considering the option of selling. However, they could not agree upon a suitable deal, so things fell through. Gala will continue to rely on its income from its casinos and poker rooms across the UK, going its own way – away from Rank Group.


