By Sarah Smithon Monday, 7 Jan 2008 Rank has reportedly turned down a fresh offer for its Mecca chain of bingo clubs.
Private equity group Duke Street Capital's offer for the bingo chain comes soon after the gaming corporation rebuffed a substantial deal from US casino giant Harrahs.
It is rumoured a number of other takeover deals have also been rejected by Rank, which is taking a gamble on the bingo chain.
ATE Online reports that the latest bid by Duke Street has so far failed to "spark any significant interest" amongst Rank's board of directors, who are holding out for a full house.
Rival bingo operator UK Netplay TV announced last week that it has raised around £1.1 million through a recent share placement scheme to fund the planned development of its bingo show.
It will also use the funds to expand its Live Roulette show into a SuperCasino format.
The company's BigBoxBingo allows bingo players to take part in up to six games at a time via the internet and television.
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