2 Apr 2013 15:00
2 April 2013
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The Rank Group Plc
Sale of Blue Square Bet business
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On 10 January 2013 The Rank Group Plc ("Rank") announced that it was undertaking a review of its loss-making Blue Square Bet business. Following completion of that review, the Rank board concluded that Blue Square Bet should be sold.
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Rank is pleased to announce that it has today completed the sale of the assets of its Blue Square Bet business to Betfair Group plc for £5 million.
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Rank intends to focus its resources on further developing the Grosvenor Casinos and Mecca brands in venues and via digital channels.
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www.rank.com
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Enquiries:
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Rank 01628 504 303Ian Burke - chairman and chief executive officer
Clive Jennings - group finance director
Sarah Powell - investor relations
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FTI Consulting 020 7831 3113
Edward Bridges / Alex Beagley