πŸ€‘ Rank buys Gala casinos for Β£m - Telegraph

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Adding the 24 casinos owned by debt-laden Gala Coral to the 35 already run by Rank, largely through its Grosvenor arm, would have seen.


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Rank re-opens casino deal talks with Gala. Accessibility links Skip to article Skip to navigation. More from the web. Style Book. The deal excludes Gala Coral's casinos in Dundee and Gibraltar and also the casino freehold properties owned by Gala's property vehicle. William Hill risks revolt by dismissing protest. Rank, which is The takeover of the casinos is conditional on approval by Rank's shareholders and the receipt of UK merger control clearance. Gala Coral, which has been through a tough financial restructuring, said it had not taken a final decision on what to do with cash from the sale, although it expects to "reduce the group's leverage". The pair concluded the deal β€” which includes the sale of 23 UK-based casinos and three non-operating licences to Rank β€” over the weekend. The talks resumed last week. Finsbury must hope bad news doesn't come in threes. Rank may have to sell five casinos to buy Gala Coral. In Leisure. Under Rank's ownership, Gala's former casinos will remain the tenants of the freehold properties. More from The Telegraph.{/INSERTKEYS}{/PARAGRAPH} Rank has made no secret of its interest in buying Gala Casinos, but announced on March 29 that earlier talks were off after it balked at the "proposed terms". Retail vacancies at Telegraph Jobs. Terms and Conditions. Weather Forecast. Thursday 04 June Related Articles. {PARAGRAPH}{INSERTKEYS}By Ben Harrington. William Hill chief narrowly wins pay vote.