Deals



The Rank Group Plc Acquires QSB Gaming Limited


Posted: 22nd May 2018 10:20

The Board of The Rank Group Plc ('Rank') is pleased to announce that Rank has acquired the entire issued share capital of QSB Gaming Limited ('QSB'), owner of YoBingo.es, a leading Spanish digital bingo business for an initial consideration of €21 million and, subject to future performance, up to a maximum consideration of €52 million in cash.

Strategic highlights

Financial highlights

Commenting on the Acquisition, John O'Reilly, Chief Executive of Rank said:

"The acquisition of the YoBingo Group expands Rank's digital footprint in Spain.  Spain is an exciting high-growth regulated market which we believe offers strong multi-channel potential. The YoBingo Group is a well-established operation that we intend to further develop and to cross-sell into our established Spanish retail operations."


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