Rank Acquisition

Date : 04/23/2009 @ 6:00AM
Source : UK Regulatory (RNS and others)
Stock : Rank Group Plc (RNK)
Quote : 85.5  -0.5 (-0.58%) @ 11:35AM
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Rank Acquisition

 
TIDMRNK 
 
RNS Number : 0406R 
Rank Group PLC 
23 April 2009 
 
? 
 
 
23 April 2009 
 
 
Rank acquires Coventry casino from Isle of Capri 
 
 
The Rank Group Plc ("Rank" or the "Group") announces that its Grosvenor Casinos 
business has completed the acquisition of the casino at the Ricoh Arena in 
Coventry from Isle of Capri for a cash consideration of GBP650,000. 
 
The casino will be re-launched under Rank's G Casino brand after an investment 
of GBP1 million to reconfigure the site. It will become the Group's eighth G 
Casino within a portfolio of 33 UK clubs. 
 
 
The announcement comes as Rank revealed a 3% rise in revenue at Grosvenor 
Casinos for the first 16 weeks of the financial year. 
 
 
Phil Urban, managing director of Grosvenor Casinos said: "In recent years we 
have successfully broadened the appeal of our business through the development 
of the G Casino brand, offering customers a grown-up leisure experience based on 
entertainment, gaming, fun and hospitality. I am excited at the prospect of 
bringing G Casino to Coventry as part of the superb Ricoh Arena." 
 
 
Grosvenor Casinos will take over management of the casino with immediate effect. 
 
 
The Isle of Capri casino was opened in 2007 as part of the GBP113 million Ricoh 
Arena. 
 
 
Ends 
 
 
The Rank Group Plc 
Dan Waugh, director of investor relations01628 504053 
 
 
Financial Dynamics 
Ben Foster/Marc Cohen                                                020 7831 
3113 
 
 
About The Rank Group Plc 
The Rank Group Plc ('Rank') is a leading European 
gaming and betting business, based in the UK and listed on the London Stock 
Exchange (RNK.L). Its principal activities are the operation of bingo clubs and 
casinos with complementary interactive gaming and bookmaking services. 
 
For more information about The Rank Group, visit www.rank.com 
 
 
About the Ricoh Arena 
The Ricoh Arena is a multi-purpose award-winning development which opened in 
2005. It features state-of-the-art conference, exhibition and banqueting 
facilities, a boutique hotel, a health and fitness club, a bar and bistro and 
2,000 on-site parking spaces. It is the home of Coventry City FC and this summer 
Take That and Oasis will be performing their only Midlands concerts in the 
stadium bowl. 
 
 
For more information about the Ricoh Arena contact Adam Dent on 02476 633636. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQKXLBLKZBXBBX 
 
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