Mecca Bingo owner Rank buys Gala casinos for £205m

Grosvenor casino Rank will become the UK's biggest casino operator

Rank Group, the owner of Mecca Bingo, has bought 23 casinos from Gala Coral.

The deal will make Rank the biggest operator of casinos in the UK, as it already owns Grosvenor Casinos which operates 35 clubs.

As well as the existing casinos, Rank is also buying licences to operate three more. Rank is controlled by Malaysia's Guoco Group.

Gala Coral will keep casinos in Dundee, Gibraltar and the licence for a club in central London.

Rank attempted to buy the casinos earlier this year, but talks broke down at the end of March.

In a statement Carl Leaver, chief executive of Gala Coral, said: "Under Rank's ownership I am sure that the business will continue to go from strength to strength."

"This transaction will crystallise significant value for our shareholders and debt investors."

Gala Coral has been controlled by private equity firms since its debts were reorganised in 2010.

The deal still requires approval from shareholders and competition regulators.

More on This Story

More Business stories



  • June plays with a pelicanDad's menagerie

    An extraordinary childhood growing up in a zoo

  • US soldier, part of the NATO-led International Security Assistance Force (ISAF), manning a machine gun onboard a Chinook helicopter over the Gardez district of Paktia province on 11 August 2014Viewpoint

    Nato's role in making the Afghan army sustainable

  • Architect's drawing of bedroomDeep dreams

    The homes where you can live under the sea

  • A snailHard to stomach?

    The IT worker who quit his job to farm snails for restaurants

  • An assortment of secret menu itemsMcSecret

    The fast food items you've never heard of

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.