Talks Re-Open Between Rank and Gala Coral

The casino and bingo company Rank expressed an interesting in buying Gala Casinos in March 2012 but talks quickly were left blank after an issue of property leases came into view. However, almost two months later it would seem that talks have re-opened between Rank, who currently own the numerous land based Grosvenor Casinos and Gala Coral who have such names at Mecca Bingo under their belt.

 If this deal from Rank and Gala Coral were to pay off it would mean that Rank would become the leading casino operator in the UK. This would be because not only would Rank own over 30 land-based Grosvenor Casinos which it already does but it would also own the Gala Casino clubs. Therefore it would overtake the current largest UK casino operator Genting. Genting are currently in the lead in the UK as they own 44 land based casinos that operate in various towns and cities throughout the UK.

 No deal has been signed between the two companies as of yet, however it will be interesting to see if Gala Coral were to sign over the Gala Casinos to Rank what changes would be made.

 As there were various issues surrounding the talks between Gala Coral and Rank last time, it might be the case that the second time round each side might come to an agreement quicker, therefore it might be the case that we could be seeing Gala Casinos become part of the Rank Grosvenor Casino chain before we know it.

For more information on Grosvenor Casino visit gamble.co.uk

Rank Deal with Gala Has Been Cancelled

Rank deal with Gala has been cancelled after owner of Mecca Bingo has walked away from talks over a deal with gambling company Gala Coral that would have created the UK's biggest casino operator. The discussion between Gala Coral and Rank group that took place in January was about to finalise a few days back, unfortunately the £250 million deal between the two giants of gambling industry has been cancelled.

Chief executive of Rank Ian Burke points that proposed terms and conditions don’t deliver any value to shareholders, and Rank will now focus on growing its own business, including opening 12 new Grosvenor Casino sites, which are aimed at younger crowds.

The Gala Coral casino spokesman stresses that their business was not for sale on the first place.  Gala Coral spokesman points: "Our casino business was not for sale when Rank made an unsolicited approach. Now that it is clear that a transaction on terms acceptable to our shareholders cannot be concluded, we are very happy to continue to drive growth from our casinos which are performing very strongly."

This deal would have make Rank as the biggest firm in the sector.

For more information on Grosvenor Online Casino visit gamble.co.uk

Increase in New Customers at UK Casinos

Rank, which is a British gaming group, has reported this week an increase in pretax profit in the first half of its financial year. This profit comes from increase in new customers at its UK Grosvenor Casinos and also its Mecca Bingo halls. It is always good to see an increase in new players at land based casinos as it shows not all people are staying inside and sticking to playing in online casinos.

The Rank group is 74.5% owned by Malaysia’s Guoco and they announced last month that they are in talks with Gala Coral with the opportunity of gaining some of Gala’s casino business. This possible joint venture could maybe mean that we could see either more Grosvenor Casinos opening or even joint Grosvenor and Gala Casinos opening, who knows!

These new customers at Grosvenor UK Casinos have risen to 762,000 which is a rise of 61,000. Whether people are enjoying their Grosvenor Casino experience and bringing their friends along with them or just trying out a casino for the first time remains to be seen, however it is apparent by this increase in pretax profit that UK Casinos, in particular Grosvenor Casinos are doing well at the moment.

This profit was only reported in the first half of its financial year, therefore we will have to wait and see how well this business does for the second half of the year.

As soon as more news develops on this potential UK Casino investment between Rank and Gala Coral be sure to read it here, at UK Casino News.

Liverpool Casino Goes Modern

The Liverpool Casino, Gala Leo has announced this week that a new partnership deal with International Game Technology (IGT) has been made. This new partnership from the US gaming giants will mean that IGT’s Cloud programme will be introduced throughout the Liverpool Casino.

Although the IGT has been in partnership with Gala Casinos since last year, the Gala Leo Casino in Liverpool is actually the first land based casino to go live with this new technology. This new technology at this Liverpool Casino comprises of a new management programme which contains support to the gambling establishments in different areas including a games library, performance analysis and marketing.

This new technology at Liverpool Casino will cover various areas in the casino to make it more successful across the board. This new programme at Liverpool Casino centres mainly on management and the IGT Cloud will include an sbX Floor Manager which will provide the casino with access to a massive games library. One of the best things about this new technology is that not only casinos who are part of this Cloud programme able to update games on their floors easily, but they will be also be able to modify them to suit the local casino players.

The Head of Electronic Gaming at Gala Casinos, Rosanna Evans believes that this using the IGT Cloud will help Gala manage the casino of the future. She said: “We are excited to implement this Cloud programme and are delighted to make the casino experience better for the player.”

You might also like to read gala casino review on gamble.co.uk