UK: Rank's acquisition of Gala Coral casinos referred to Competition Commission
Sep 06, 2012
According to the Office of Fair Trading, Rank and Gala are two of only three large national casino operators in the UK. The acquisition of Gala Coral, which is own by Malaysian billionaire Quek Leng Chan, is holds already a 40% market share. If the Competition Commission (CC) allows the takeover, the two groups would together hold control of 75% of UK casinos market share. Hence, this merger could stipulate a major market consolidation.
Full content: Guardian
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