Rank in Talks to Buy Gala Casino Biz

British bingo and casino operator Rank is in talks with private equity-owned Gala Coral over the possible acquisition of Gala's casino business, Reuters wrote Monday, citing a report in the Sunday Times. Rank is 74% owned by Malaysian-based gambling group Guoco. A price tag for the deal could reach up to 250 million pounds ($392 million), Reuters wrote.

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