Tag Archives: John O’Reilly

Rank Group Plc maintains full confidence in realising its headline financial objective of achieving full-year operating profits. The LSE-listed gambling group has reported a robust Q3 2024/2025 trading performance (quarter ending 31 March), delivering growth across its land-based venues and digital channels. A snapshot of Q3 results saw Rank achieve net gaming revenues of £196m (+11%), with year-to-date income standing …

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 reaps the benefits of its business transformation programme, as all units contribute to corporate growth despite remaining pressures. Publishing its preliminary 2023/2024 results for the 12 months ending 30 June, the LSE gambling group has reported a 9% increase in net gaming revenues (NGR) to £734m (FY2022/23: £671m). Of significance, the year’s accounts detail that like-for-like underlying …

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 …

“The White Paper was worth the wait,” Rank Group CEO John O’Reilly informed SBC after the publication of the firm’s financial results for 2022/23, when quizzed about his confidence in the post-Gambling Act review landscape. Whilst some operators – particularly those with a focus on sports betting – have expressed  dissatisfaction with the review’s proposed reforms and a lack of …

Rank Group Plc has achieved its 2022/2023 corporate targets, overcoming the challenges of a financial year featuring peak energy costs, wage inflation and regulatory changes impacting its business.  Publishing its preliminary 2022/2023 results (12 months ending 30 June), Rank Group declared an underlying operating profit for full-year trading of £20.3m. The bottom-line result is lower than the prior 2021/2022 financial …

Rank Group Plc has confirmed the appointment of Mark Harper as Managing Director of Grosvenor Casinos. Harper will take on the position overseeing Rank’s flagship casino unit from Monday 14 August and will join the executive committee of the LSE gambling group. An expert in the management of mass-market leisure and hospitality businesses, Harper joins Rank having previously served as …