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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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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Issuing a corporate filing, the governance of LSE-listed gambling group Rank Plc has this morning disclosed that ‘further positive trading’ will see the company deliver underlying operating profits ahead of market expectations. Updating investors, Rank governance underlines significant progress in its ‘corporate transformation programme’ which has underpinned growth within its Digital, Grosvenor and International units. Based on current trading trends, …
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London-listed Rank Group Plc has confirmed the appointment of Liam Wallwork as inbound Director of Transformation for its Interactive division. Wallwork joins Rank’s executive management team from William Hill, where he formerly served as Commercial Director and Director of Gaming (2017-2019). A digital strategy expert for mass-market igaming brands, Wallwork holds further industry experience having served as an operations and …
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London-listed gambling operator The Rank Group (Rank) has confirmed this morning that it has successfully completed its take over of online gambling group Stride Gaming. Confirmed in a statement, Rank will now hold the entire issued ordinary share capital of Stride, which was valued at £115.3m in May of this year. John O’Reilly, Rank Chief Executive, commented on the announcement: …
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London-listed Rank Group Plc has confirmed that it will expand its Spanish gambling asset ‘YoBingo’ within Portugal’s regulated online gambling marketplace. Publishing Rank’s interim trading results last week, corporate governance highlighted YoBingo as a star performer for the firm’s digital division, generating net-gaming-revenues of £13 million combined with an operating profit of £1.6 million. Issuing a strategic update, Chief Executive …
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Following what it described as a ‘tough first half’ to the year, Rank Group has reported that its operating profits have climbed by 20% as detailed in the group’s H2 2018/19 results (6-month period ending 30 June 2019). While the operator explained that its full-year profits had taken a 22% hit since last year, dropping from £50.1m to £39m, Rank …
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The governance of Rank Group Plc has this morning confirmed that it has entered ‘advanced discussions’ to acquire London AIM-listed online gambling group Stride Gaming Plc. Rank the operating company of Mecca Bingo and Grosvenor Casinos, has tabled a ‘28% premium’ offer on Stride’s share price, putting forward to investors an all-cash ‘151 pence per share’ purchase price to acquire …
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Further to publishing its Q3 2018/19 trading update, the governance of London-listed Rank Group Plc has this morning disclosed that Ian Burke will not stand for re-election as Corporate Chairman. Updating investors, Rank informs that Burke has submitted a personal notice informing governance of his decision to end his 8-year tenure as Rank Group Chairman. Rank governance informs that Senior …
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In a move to improve industry-wide collaboration and tackle problem gambling Aspers, Caesars, Genting, Playtech and the Rank Group have joined UK responsible gambling body Senet Group. The five will sit on the Senet Group’s quarterly CEO forum, which currently offers advice to the group’s Board and independent chairman, Gillian Wilmot. They join GVC (Ladbrokes Coral), William Hill, Paddy Power …
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