Rank gives Gala another spin

Rank said yesterday it has agreed to buy 19 casinos from Gala Coral Group for £179m, in a revised deal that would make it the largest casino operator in Britain. Rank wanted to buy 23 casinos and three additional licences for casinos from Gala last year, but the deal lapsed after the Competition Commission objected. The company said the deal, amended to meet the CC’s concerns, is set to complete in the second quarter of 2013.