Monday, Dec. 4, 2006

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William Hill looking at Rank buyout

By Christopher Hunt

According to British news source The Observer, betting industry heavyweight William Hill is considering a takeover of Rank Group Plc., another leading gaming and leisure group based in the U.K.

The Rank Group, well-known for the global development of its Hard Rock brand, recently indicated it may divest itself of Hard Rock as they focus attention on their casino and bingo enterprises.

William Hill PLC, a leading sportsbook and owner of William Hill Poker, is said to be one of a number of international companies looking at the Rank Group, and analysts suspect a bidding war could be in the cards.

There is also speculation a deal would have to wait until the Hard Rock has been sold, according to the Observer. Rank is due for a trading update this week, including the progress of their Hard Rock intentions.

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