July 26th 2008 03:23 am

Guoco Expanding Its Investments In Rank

Rank, a top European gaming business based in the UK, is increasing their interest from the world’s online gambling industry. In spite of rumors that have gradually increased for the last few months that a takeover of Rank plc is inevitable, however now there are still a number of companies with a considerable interest in the Rank land and online gambling group. Now Guoco is the leader of the internet gambling companies that are interested in Rank. Guoco, an Asian-facing investment group, has been seeking a way into the online casino gambling industry of the UK and especially in the UK gambling market.

The online gambling industry of the UK is the most established and advanced worldwide. There are a number of licensing jurisdictions and the online gambling companies that pass very strict procedures in order to protect the online players from exploitation. Though an expansion into the Asian gambling industry is predicted by the majority of analysts in the following years, now the European online gambling market are the safest for foreign investments. It has been announced by Guoco that they are increasing their share holding in Rank to 18%.

There are some other investment groups and internet casinos that are interested in Rank plc. They are Genting Group and Goldman Sachs. These companies also have over a 15% of the shares in Rank. While Rank asserts that they haven’t any plans to sell out, there’s a possibility that one of the above mentioned companies is priming for a takeover, or otherwise.

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