Thursday 23 February 2023

Who Owns The Rank Group?

The Rank Group is a UK-based gaming company that owns and operates a range of casinos, bingo halls, and online gaming sites. The company was founded in 1937 and is headquartered in Maidenhead, England.

The Rank Group's ownership structure is publicly traded, with shares listed on the London Stock Exchange. The largest shareholder in the company is Guoco Group Limited, a Hong Kong-based conglomerate that owns a 56% stake in Rank.

Guoco Group Limited is itself owned by Malaysian businessman Quek Leng Chan and his family. Quek Leng Chan is one of the wealthiest people in Malaysia, with a net worth of over $9 billion according to Forbes.

While Guoco Group is the largest shareholder in Rank, the company is also owned by a number of institutional investors, including asset management firms and pension funds. These investors hold significant stakes in the company and play an important role in shaping the direction of the business.

Despite being publicly traded, The Rank Group has a strong focus on responsible gambling and has implemented a range of measures to ensure that its customers are able to gamble safely and responsibly. These measures include self-exclusion options, where customers can choose to exclude themselves from the casino for a period of time, as well as trained staff who are able to identify and assist customers who may be experiencing problem gambling.