Blue Square up for sale

The casino and bingo giant Rank has put its loss-making online sports betting arm Blue Square up for sale.

Blue Square, best known for its sponsorship of the Conference leagues, was bought by Rank a decade ago for £63m, and it is likely to make a considerable loss on any sale. Rank said it was undertaking a "review of the business", which is generally code for it being up for sale.

Rank's chief executive, Ian Burke, ran a similar review in 2009 when Blue Square won a reprieve.