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www.leisureopportunities.co.uk Rank ends Gala Coral casino talks
Rank Group, the owner of the Grosvenor Casinos and Mecca Bingo brands, has ter- minated discussions over the possible acquisition of Gala Coral Group’s casino arm. Earlier this year, Rank
announced it had entered into talks over the purchase of Gala Coral’s 24 Gala Casinos across the UK in a deal reportedly worth around £250m. However, Rank said that it
had ended discussions “aſter it became clear that the pro- posed terms of the acquisition would not serve the best inter- est of Rank’s shareholders”. Rank chair and chief executive officer Ian
Rank Group already owns and operates the UK’s Mecca Bingo business A Gala Coral spokesperson added: “Te
Burke said: “We will now concentrate on deliv- ering our organic growth plans, including the delivery of 12 more G casinos by 2015.”
group will continue to manage its casino busi- ness in line with its stated objectives.” Details:
http://lei.sr?a=f8x8j
Goals Soccer Centres in Canadian takeover approach
Goals Soccer Centres, the five-a-side football facility operator, has revealed that it is the sub- ject of a takeover approach from Canada-based Ontario Teachers’ Pension Plan. In response to media speculation, the group said it had received a preliminary approach
from the pension fund but could not confirm an offer would be submitted. Te announcement comes just over a month
aſter Goals Soccer Centres reported a “year of progress and change” in 2011. Details:
http://lei.sr?a=U2m0y
Aspers succeeds in MK casino bid
A new large casino to be developed in Milton Keynes is to be operated by Aspers aſter the company was announced as the successful applicant by Milton Keynes Council (MKC). Te award means that the casino operator
can now apply for a large casino licence, with the proposed venue to deliver a £10m invest- ment within the existing Xscape complex. Gaming tables and machines will form part
of the casino, along with entertainment, dining and bars. MKC will receive at least £500,000 per year for the entire lifespan of the facility. The council’s licensing sub-committee
resolved to grant Aspers the provisional state- ment aſter the group’s bid was adjudged to offer the “best all round package” for the city. “It will provide not only a new completely
different, yet responsibly managed, kind of lei- sure facility for Milton Keynes, but numerous
24 Aspers held off competition from two other bidders
associated facilities and benefits for the local community,” said a council spokesperson. “Tis outcome has been the result of two
years’ work by a small team of council officers and advisers who enabled all three applicants to carefully construct their final bids.” Details:
http://lei.sr?a=w9b5x
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