UK Office of Fair Trading Investigates Ranks Bid for Gala Coral


Deal referred to UK Competition Commission for scrutiny

This week, the Office of Fair Trading referred the Rank plc bid for the Gala Coral group to the UK Competition Commission for further scrutiny, due to concerns that the merger will substantially reduce competition in the British casino sector, because Rank and Gala Coral are two of the three major casino operators in the UK.

In response to this move, Rank stated that it is considering “the implications of the decision and will make a further announcement in due course.”

Further concern was expressed by OFT senior director, Ali Nikpay, who said: “This merger would represent a major consolidation which could be expected to reduce competition, both locally and nationally. The high barriers to entry and expansion in the casino sector mean the loss of competition could potentially be irreversible.

“As such, we believe it is appropriate that the Competition Commission reviews this merger in detail to ensure that the interests of consumers are protected.”

It has been reported in the media that instead of reference to the Competition Commission, Rank offered to provide undertakings, including the divestment of casinos in a number of local areas.

A report by the Competition Commission is expected to be finished by February 3.

Comments are closed.

Top Slot Sites

Casino Titan

Casino Titan
There’s a free (no-deposit) $7 for new players at Casino Titan plus you also receive up to $3000 in new player Bonuses...

Play Now

Cinema Casino

Cinema Casino
Microgaming is behind another big successful online casino, Cinema Casino. Cinema Casino has over 200 casino games to choose from. This online casino is giving $1000 away for free to try their games and 60 minutes on the clock. ...

Play Now

WinPalace Casino

WinPalace Casino
WinPalace welcomes with an exclusive casino bonus of $1000 CASH ! Get a generous 200% bonus (up to $500) not only on your first but on your 2nd deposit too! This incredible bonus awards you with $1,000 in BONUS CASH! Good luck!...

Play Now

Slots Plus Casino

Slots Plus Casino
Slots Plus Casino have chosen Real Time Gaming software, which offers online players a great gaming experience, which is a step ahead of the rest. 125% welcome bonus is offered to New players at Slot Plus Casino! ...

Play Now

7 Sultans Casino

7 Sultans Casino
9 magical bonuses of $1000 await you at 7 Sultans Casino...

Play Now

Slots Jungle

Slots Jungle
Slots Jungle will match each of your first 10 deposits by 100% up to $1,000 for a grand total of $10,000. No other online casino offers you this much extra free cash to play with. So start cashing in today! To collect, simply redeem bonus code: JUNGLEWELCOME ...

Play Now

Contributors

We Recommend