Asian Group Increases Rank Holdings
By Staff
Asia-based property investment group Guoco expanded its holdings in Rank, the UK casino, bingo and online betting company, to 23 million shares this week for a total of 6.05 percent of the business.

Managed by Quek Leng Chan, Guoco previously held 4.09 percent of the UK firm and also owns the Clermont Club in London’s Berkeley Square after purchasing the property from Rank in 2006 for $62 million.

Malaysia-based gaming group Genting has also built a substantial stake of ten percent in Rank with analysts reporting that the Richardson property and haulage family has also acquired a nine percent holding.

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