Mecca Bingo, a major provider of both land based and online bingo recently rejected a takeover by Malaysian investor Quek Leng Chan.

Parent company of Mecca Bingo, Rank, is listed on the stock exchange, so the investor with the greatest amount of shares can control the company. Guoco Group Ltd, run by Leng Chan, had recently increased its share to 40 percent.

The upside to this is that it shows there is confidence in the company and its potential for growth, which, in turn, will attract more people to make investments.

Another factor is that when a stake this high is achieved, an offer must be made to purchase all the shares. Leng Chan subsequently offered 150p per share, which meant the valuation of Rank would have been at £586 million. This was thought to be undervaluing the company and the offer was swiftly rejected. As a bonus though, the share price was driven up to 151.6p within a few days.

This type of news does not affect the end user though, as a deal like this clearly shows that the company is attracting interest, and if anything, players could actually look forward to improved services.

Another point to take from this is that the bingo industry is still extremely healthy. Get out there and read some bingo reviews now. Once you find a site that caters for your specific needs, sign up and play online bingo for yourself to see what all the fuss is about.