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Ladbrokes named as potential bidder for Rank Group

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Talks of a £2bn bid for the leisure and gaming group gathered pace following the sale of the Deluxe subsidiary to a private equity buyer for about £550m.

Rank\’s interests now include Blue Square, Grosvenor Casinos, Mecca Bingo and the Hard Rock Cafe chain and while City analysts see as the most likely buyers David and Simon Reuben, the billionaire investors who have built up a minority holding, Ladbrokes are believed to prepare an offer to create an enlarged betting and gaming group.

In separate news, Crystal Gaming Group has announced plans to list on London\’s Alternative Investment Market on November 25.

The issue price is yet to be confirmed by the Isle Of Man-incorporated online casino operator.

The company said its customers would be predominantly from the US and South Africa.