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Rank snowed under

To an extent, regulation and its consequences overshadowed these half-year results from casino operator Rank. Specifically, the group is awaiting the Competition Commission's verdict on its merger with Gala Casinos. Regulators must report their final findings by 20 February and it's widely expected that Rank could be forced to dispose of casino licences in at least six locations - including Edinburgh, Bristol and Liverpool - in order to avoid competition issues.

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