Tag Archives: grosvenor

BGC: UK casinos need a guarantee of July reopening 

The Betting and Gaming Council (BGC) has called for ministers to guarantee the reopening of UK casinos in July to avoid industry job losses. BGC CEO Michael Dugher re-emphasised that UK casinos had undertaken all necessary steps to ensure that venues are ‘covid proof’ and able to reopen safely in July, with the majority of UK leisure and hospitality businesses. …

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John O’Reilly: UK government needs to act now to avoid casino job losses

John O’Reilly, Chief Executive of Rank Group, has stated his disbelief at the UK government refusing to allow England’s casinos to reopen on 4 July, as previously anticipated and prepared for by licensed operators. Rank’s CEO branded the government’s latest easing orders on leisure and hospitality venues as ‘baffling’ and ‘incoherent’, with the government allowing England’s bingo venues to reopen …

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GambleAware donations top £10m for 2019/20

GambleAware has revealed that donations to the charity have surpassed its £10 million minimum target for the first time. Publishing the full list of donations received between 1 April 2019 and 31 March 2020, it revealed that gambling operators and suppliers had made £10.05 million in voluntary donations to the charity, which is not inclusive of money received through regulatory …

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Rank Group preparing for ‘difficult trading conditions’ following COVID-19 lockdown

Amid COVID-19 disruptions, Rank Group has revealed that it is ‘preparing for difficult trading conditions’ when it reopens its venues. Publishing a trading update for the quarter to 31 March 2020, Rank’s like-for-like net gaming revenue was down 4% for the quarter, while total NGR saw an increase of 5%. Rank Group has predicted that annual underlying operating profit will amount …

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Digital performance drives growth for Rank Group

Rank Group has praised further growth across its digital division, with the group reporting growth in NGR and operating profit of 14% and 117% respectively. Publishing its interim results for the six months ended 31 December 2019, Rank attributed the 10% year-on-year lift in net gaming revenue (NGR) to the progress made on the group’s transformation programme. John O’Reilly, Chief …

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GVC tops the list of GambleAware donations for Q1-Q3

Recent figures released by industry charity GambleAware have listed GVC Holdings, William Hill and Flutter Entertainment as the top three donors to the charity for the period 1 April 2019 – 31 December 2019. For the first three quarters of the year, the industry charity had received £7.6m in voluntary contributions, however this does not include funds received through regulatory …

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Rank appoints Karen Whitworth as Audit Chair

London-listed Rank Group Plc has moved to strengthen its governance advisory, confirming the appointment of Karen Whitworth as a Non-Executive Director with immediate effect. An expert in the financial planning and risk management of large-scale enterprises, Whitworth is the former logistics and supply chain operations director of UK supermarket J Sainsburys Plc (2007-2018). Updating investors, Rank governance informs that Whitworth …

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Grosvenor improvements see Rank delivering on Transformation agenda

Publishing its Q3 2018/19 trading update (quarter period ending 31 March), the governance of London-listed gambling group Rank Group Plc details that its transformation programme is delivering on ‘expected cost savings’. Reflecting previous trading updates, Rank details that it has recorded improved digital revenues (+2%), whilst its venue like-for-like revenues remain flat. Nevertheless, the UK gambling group reports an improvement …

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Rank Group focusing on efficiency to overcome tough venue adjustments

Publishing its H1 2018/19 interim results (period ending 31 December), the governance of Rank Group Plc states that it has identified a number of core efficiency-led directives that it will undertake, as part of its ongoing corporate transformation programme. The London-listed operator’s performance continues to suffer from ‘venue declines’ as its flagship Grosvenor properties adjust to a tougher UK retail …

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Rank progress impacted by venue declines & digital obstacles

Ahead of its Annual General Meeting (AGM), London-listed Rank Group Plc has released a trading statement, updating investors on corporate performance for the 16-week period to 14 October 2018. Rank governance details that group like-for-like revenues have declined by 5%, with the company impacted by a slowdown of its venue properties – Grosvenor Casino and Mecca Bingo domains. ‘Grosvenor Casinos’ …

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