Rank Takeover Set For Competition Scrutiny

Malaysian firm Genting’s reported interest in acquiring UK casino and bingo operator Rank could spark a probe from competition regulators, it emerged yesterday. But some observers believe that a degree of consolidation is inevitable in the UK gambling industry suffering in the wake of recent legislative developments.

Speculation
surrounding the future of Rank mounted yesterday after reports suggested a
Malaysian gambling firm had bought up to a 10 per cent stake in the operation.

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