Tag Archives: Grosvenor Casino

Reawakened Rank secures options on £25m credit facility

Rank Group has entered an agreement with Lloyds Bank that will provide the LSE listed gambling group access to a £25 million (€29m) revolving credit facility. The facility has been made available to Rank for a period of two years , providing its business with additional liquidity and ‘the opportunity, when we are confident that the Group is delivering sustainable …

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Rank completes Hawkeye customer care monitoring upgrade

Rank Group Plc has deployed its proprietary-built ‘Hawkeye’ real-time safer gambling monitoring system, observing customer engagements across its flagship online properties of Grosvenor Casino and Mecca Bingo. Updating stakeholders, the LSE gambling group completes a key 2021 corporate directive, ‘investing significantly’ to revamp its customer care capacity, allowing its teams to better identify player risks and carry-out interventions were necessary.  …

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Rank Group records £42m interim loss as Covid drains venue performance

Rank Group Plc has reaffirmed its confidence in being able to navigate the continued challenges that the COVID-19 pandemic has placed on its business. Publishing its H1 2020/2021 interim results for the six months ending 31 December 2020, Rank has recorded underlying group-wide losses of £42 million – representing a 171% swing on 2019/2020 profits of £59 million.  As previously …

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William Hill and Flutter top GambleAware Q1-Q3 donors

GambleAware has released its donor list for the first three quarters of 2020, with William Hill topping the list, followed by Flutter Entertainment and bet365. Publishing its industry donation figures for 1 April – 30 December 2020, GambleAware revealed that William Hill made a pledge of £1.04 million, with £540,000 donated. Following William Hill was Flutter Entertainment – the holding …

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Rank responds to press speculation on controversial share placement 

Rank Group Plc has quelled press speculation that it will undertake a new share placement to raise working capital to help its venues and properties mitigate autumn lockdown proceedings and further COVID-19 impacts. The LSE gambling group issued its response to a Sky News report, which detailed that Rank would pursue a £70 million emergency funding round, undertaken through a …

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Will Whitehead, mkodo: Achieving sportsbook and casino differentiation through UX

differentiation

Achieving product differentiation is arguably more important now than ever as sportsbook and casino operators face the challenge of staying relevant, writes Will Whitehead (pictured), Associate Director – Accounts at mkodo. This remarkable period triggered by the outbreak of COVID-19 has stressed the importance of having dynamic and agile digital products and has likely rang alarm bells for many over …

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Rank confirms Euro business support to navigate COVID-19 impact 

Rank Group Plc is the latest gaming industry incumbent to issue a COVID-19 update to investors, today citing a slowdown in UK venue trading over the last three weeks. The LSE operator stated that despite the slowdown its UK venue portfolio of Grosvenor Casinos and Mecca Bingo ‘remained profitable last week’. Following the UK government’s civil advice to avoid leisure …

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