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Guoco Interested in UK Online Casinos

The Rank online casino gambling group is generating increasingly amounts of interest from the international internet gambling industry. Rumors have steadily increased over the past several months that a takeover of the Rank plc gambling group is imminent, but at this point there are several companies that all have a substantial interest in Rank. Guoco is currently the front runner of the online casino gambling companies interested in the Rank land and internet gambling group. Guoco is an Asian-facing investment group that has been specifically looking for a way into the UK internet gambling industry and UK market in general.

The UK online casino gambling industry is the most advanced and established in the world – there are several licensing jurisdictions and the gambling companies adhere to very strict procedures to protect the internet gamblers from exploitation. Although many analysts predict an expansion in the Asian gambling industry in the coming years, at this point the European online casinos are the safest bet for foreign investment companies. Guoco has announced that the company is increasing its share holding in Rank plc to more than an 18 percent interest.

Other online casinos and investment groups interested in Rank include Goldman Sachs and Genting Group. These two companies also hold more than a 15 percent of the shares in the Rank group. While Rank as asserted that the company has no plans to sell out, there is a distinct possibility that one of these three companies is priming for a take-over, hostile or otherwise.