Malaysian company boosts interest in Rank – Online Bingo News

The Malaysian company Guoco Group has increased its stake in UK gaming giant Rank Group to over 18%.

The move comes after another Malaysia-based company called Genting Group recently bossted its Rank shareholding to 16.18%.

Rank, a major bingo and online bingo operator with interests in online bingo halls and online bingo games, has been the target of speculation that it is ripe for a takeover.  Takeover speculation received a boost when Rank reported lackluster profits earlier this year.

Written by John Witherspoon – Come and read all about the online bingo world. BingoStreet’s online bingo news section serves the freshest info of the industry.

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