Bloomberg News

Rank Group in Talks to Buy Gala Coral’s Casino Chain, Times Says

January 29, 2012

Jan. 29 (Bloomberg) -- Rank Group Plc, which has the Grosvenor casinos in the U.K., is in talks to buy the casino unit of Gala Coral Group Ltd., the British gaming company run by creditors led by Apollo Global Management LLC, the Sunday Times said, without citing anyone.

Rank’s deal would value the Gala’s 24 gaming centers at as much as 250 million pounds ($393 million), according to the newspaper.

--Editors: Stephen Kirkland

To contact the reporter on this story: Anne-Sylvaine Chassany in London at achassany@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


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