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


Want more news? Subscribe to CPI's free daily newsletter for more headlines and updates on antitrust developments around the world.


Post your comment

You can't post comments until you have logged in. Please login here or register.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments