SBC News Voice of the Sports Betting Industry
Seeking to boost its operational capabilities, FTSE250 listed gambling operator Rank Group Plc has moved its support staff to a new office located in the TOR Building of Maidenhead.
The migration of support staff to Maidenhead forms part of Rank governance’s ongoing ‘organisational restructure’, which was announced during the firms H1 2016/17 interim results.
At present, Rank is undertaking group-wide changes to its management teams and corporate structures at ‘both club and central levels’.
By migrating its centralise support functions to Maidenhead, the firm expects to deliver H2 group cost savings of circa £8 million, which equates to approximately 2.5% of the firm’s cost base.
“The main driver for the move was to reduce costs of running two sites (leases were up) and encourage cross-channel working” Rank management detailed to SBC.
Moving forward Rank’s Maidenhead will house the group support divisions of finance, HR, and legal (including compliance), as well as support teams for Mecca and Grosvenor retail divisions.
