Tag Archives: Guoco
- The Guoco/Rank saga may be over as PMU reports online stakes up
July 13, 2011
Guoco Group has received the acceptances they were craving for in relation to their deal to buy Rank Group. A release from Rank this morning contained details that 71.53% of shareholders have sent valid acceptances to the Hong Kong-based company. Although they added that the threshold of 75% to delist...
- Rank Group vs Guoco Episode V: Return of the chief executive
July 4, 2011
The will-they, won’t-they Rank Group/Guoco takeover saga took another twist as one of those who resigned last week announced he is rejoining the firm. Chief executive Ian Burke is back at the firm as of this morning and it’s a move that further stoked the general madness. He reaffirmed that...
- Rank sees CEO and Finance Director resign
June 28, 2011
The whirlwind that continues to sweep through the Rank Group has claimed its latest victims as two members of the board resigned. Since Guoco started to sniff around the gaming firm, there have been ructions amongst those at the top of the company and it’s come to a head. Chief...
- Rank accepts Guoco offer; PMU begins separating business
June 24, 2011
Rank has finally relented in the face of Hong Kong-based Guoco and accepted a bid that “substantially” undervalues what the firm is worth. There has been a great deal of ructions over the past two months thanks to Guoco’s undervaluation but the takeover worth £586million looks to have been accepted....
- Guoco back in for Rank; Bet365 new hire
June 8, 2011
In a saga that has rumbled on for almost as long as “the saga”, Guoco might be about to get their man in the shape of the Rank group. According to eGaming Review, the All Global Investments Limited (AGIL) subsidiary of the Hong Kong-based group received a good enough level of...
- Centrebet allowed to offer interest rate betting; Rank shareholders reject Guoco
May 17, 2011
Australians will again be able to gamble on whether the Reserve Bank will raise interest rates or not after a change of tack earlier today. The Australian Securities and Investments Commission (ASIC) put Centrebet’s book on interest rates out to pasture last year after concerns about it providing an unlicensed...