Tag Archives: grosvenor

Rank Group Plc cites strong trading across all business units as the LSE gambling group achieves a 50% increase in underlying net profits of £33m. Group results reflect a robust first half of 2024/2025 trading, registering underlying revenues of £402m, up 13% on like-for-like (LFL) comparatives of £356m. The Grosvenor unit performed “above expectations,” benefiting from focused investment, generating £215.3m …

Rank Group Plc has reported a strong start to the 2024/2025 financial year, with all business units contributing to growth for the heritage LSE-listed gambling group. Trading for Q1, covering the period up to 30 September, saw Rank achieve a 13% increase in corporate net gaming revenues (NGR), reaching £198 million. On a per-channel basis, Venue NGR grew by 10%, …

Rank Group Plc trades with confidence as both its venue and digital business segments maintain revenue and Key Performance Indicator (KPI) growth. This morning the London Stock Exchange (LSE) gambling group published its Q3 2023/2024 trading statement (period ending 31 March), informing investors that year-to-date net gaming revenues (NGR) stand at £555m, up 8% on 2022/2023 comparatives of £512m. Headline …

Rank Group Plc has returned statutory profits against continued ‘UK macro headwinds’ impacting the performance of its land-based gambling units. Publishing its H1 2023/2024 interim results for the period ending 31 December, the LSE gambling group registered a 9% increase in corporate net gaming revenues (NGR) of £362m (H1 2022/23: £332m). Citing strengthened all-round operating efficiencies, interim trading saw Rank …

Rank Group Plc continues to navigate a challenging UK business environment, but remains confident in achieving 2023/24 full year revenue and profit growth in line with expectations.  Publishing its Q1 2023/24 trading update, the LSE gambling group recorded an 11% increase in like-for-like net gaming revenue (NGR) to £179m. A positive start to year trading saw Rank record NGR growth …

Rank Group Plc has confirmed the forthcoming appointment of Andrew Peat as the new Managing Director of its Interactive business. Peat, who is expected to assume the leadership role later this year, will join Rank’s executive management team from William Hill, where he most recently served as Sportsbook Director from 2018 to 2023. Before joining the betting and gaming industry, …

Rank Group Plc has declared that its business remains stable, despite recording statutory losses of £101m due to post-pandemic headwinds impacting its UK venues.  Publishing its Interim 2022 results (six months to 31 December), Rank achieved group underlying net gaming revenues (NGR) of £337m, up 2% on like-for-like 2021 results of £330.5m. Interim trading saw Rank Digital generate a 9% …

Rank Group Plc has issued a profit warning, alerting investors of weaker-than-anticipated results impacting its Grosvenor casino venues. Providing an update on its trading performance for the five months to 30 November, the LSE gambling group reported that a decline in Grosvenor performance had wiped out group growth.  “Whilst there has been some improvement in Grosvenor’s trading over the last …

Rank Group Plc maintains growth against tough macroeconomic headwinds impacting customer spending activity and the profitability of its UK gambling venues. This morning the LSE gambling group published its Q1 2022/2023 trading statement, registering a 2% increase in net gaming revenues (NGR) to £166m.   Headline growth was maintained despite Rank’s flagship Grosvenor Casino unit’s continued performance decline, in which Q1 …

The trade union of Unite will strike against London Grosvenor Casino venues operated by Rank Group Plc this weekend.  Rank has been warned that Grosvenor employees who are members of the trade union voted unanimously in favour of taking strike action against seven venues in London. Unite stated that it carried the interests of 150 Grosvenor London staff members that …