Gaming group Rank may have to sell off six casinos in the UK for its bid for rival operator Gala to be green-lit, the Competition Commission said this morning.
In May, Rank Group agreed to buy a string of casinos from Gala Coral in a £205m cash deal that would add 23 UK casinos to its existing 35-strong chain.
The initial deal has since lapsed but the two parties are still discussing a merger.
The tie-up risked strangling competition in Aberdeen, Bristol, Cardiff, Edinburgh, Liverpool and Stockton-on-Tees, the Competition Commission said today.
Possible remedies included requiring Rank to find buyers for operations in the six locaitions.
City A.M. Reporter