$324M Casino Tie-Up Draws UK Antitrust Scrutiny

Law360, New York (August 28, 2012, 3:11 PM EDT) -- The U.K.'s antitrust regulator will probe the market implications of a planned $324 million merger between The Rank Group PLC and Gala Casinos Ltd., it announced Tuesday, saying the deal could result in an unhealthy consolidation of power in the gaming industry.

The U.K. Competition Commission said it had taken a directive from the Office of Fair Trading to investigate whether Rank's intentions to acquire Gala would have an adverse effect on the U.K. casino business, inviting interested parties to weigh in on the matter....
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