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Acquisition Talks in the Air?

With the UK online casino gambling industry stronger than ever it is easy to assume that all of the UK gambling industry is performing well. That is actually not the case – the UK land casinos are struggling to stay afloat because of new UK legislation and a new taxing structure. Gambling groups like Rank plc encountered troubles nearly a year ago when the 2005 Gambling Act came into effect. Now the land gambling venues are not only facing tough competition from the online casinos, but they also face double taxation and a no smoking ban in the land facilities that has really negatively affected the number of gamblers venturing out the land venues.

In the wake of the implementation of the 2005 Gambling Act, the Rank Group experienced some major problems. And over the past several months some major land and online casino gambling groups have begun to increase their stake in the company. Industry analysts and the industry media have begun to speculate that companies like Genting and Guoco may make a move to acquire the Rank Group in the coming months.

As for the specifics, Guoco has once again announced that the company was increasing its stake in the Rank land and online casino gambling group. The increase is small – moving from a 13.09 percent stake to a 14.15 percent stake, but it shows that other companies have a significant interest in Rank. Genting has similarly slowly begun to raise its stake holding in the company, and industry rumors even went so far as to suggest that Genting was going to make an acquisition offer, but that never actually materialized.

At this point it is really just a game of wait and see – in addition to Genting and Guoco, the Richardson family also holds a large stake in the land and online casino gambling group.