Mecca Bingo Aquisition

Guoco have declared at interest in Mecca. Guoco's interest in Mecca Bingo may seem minor, at 3.17% but it was certainly big enough to cause Meccabigno to issue a regulatory statement.

Guoco Group is listed on the Hong Kong Stock Exchange and operates as an investment holding and investment management company.  But at 3.17% compared to another Asian based gaming operator's (Genting) holding of 10% they still have a way to go to catch up and stake their claim as the main shareholder - one has to wonder if they could be working on a joint strategy here. Mecca Bingo has continually and constantly been the subject of speculation over the past number of months. Guoco is run by Mecca's Chief Executive's (Ian Burke) former employer, Quek Leng Chan.  Mr Burke was actually Chief Executive of Thistle in 2003 when BIL moved from being Thistle's biggest shareholder to buying it outright.