Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Interest Remains in Rank

News concerning the Rank land and online casino gambling group has been very scarce in the past several months – the company must have been laying low. Rank is a UK based gambling group that has a wide number of interests throughout the European gambling industry – everything from land casinos to online gambling sites a bit in between the two. Over the past two years Rank has actually had some major setbacks and there was a time when many industry analysts were skeptical that the gambling group could remain solvent. All of the dire predictions though are still unfounded and some of the world’s major investment companies and gambling groups continue to up their investments in Rank plc.

The latest news concerning the land and online casino gambling group concerns one of the three companies vying for a majority interest in Rank. Guoco Group Ltd. is a Malaysian based investment group that announced that it upped its share in the company once again. Guoco’s share level is now at 23.19 percent as of October 10, 2008.

The land and internet gambling industry has been on the rebound since the US banned offshore online casinos from accessing the market. And shortly thereafter the UK altered the tax legislation on land gambling venues. Both of these changes in the gambling industry meant there was a period of time where Rank plc was really struggling to stay afloat. Throughout the past year though three main companies have heavily invested in Rank and bought up shares in the gambling group – this was a solid indication that Rank was pretty stable and would continue operating in the European gambling market.