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UK Competition Commission approves Rank/Gala deal

12th April 2013 9:13 am GMT

The UK’s Competition Commission has given its approval for Rank Group to acquire Gala Casinos after finding a buyer for the licence Rank holds to operate a casino in Edinburgh.

Last month, Rank entered into a revised conditional agreement to acquire 19 casinos and three non-operating licences from Gala Coral for a total cash consideration of £179m.

This followed a final report published by the Competition Commission (CC) which found that the merger would damage competition in [...]

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