Rank Group Plc has migrated ‘Bella Casino’ onto its proprietary operating platform, thereby completing the first stage of the technology integration of its acquired Stride Gaming assets. The LSE gambling group underlined progress on the key technology directive of merging Stride Gaming’s multi-brand UK online casino and bingo portfolio with its proprietary systems to expand its ‘Rank Interactive’ business unit. …
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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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Playtech Plc has announced its latest ‘tier-1 gambling extension’ as Rank Group Plc renews its lead online bingo supplier agreement with the FTSE technology group for a further five years. Rank’s bingo extension follows its decision to upgrade all igaming provisions (online casino and poker) onto Playtech systems, supporting the heritage UK gambling operator’s group transformation objectives. Playtech will continue …
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The closure of casinos across Greater Manchester and South Yorkshire has been branded as a ‘senseless’ move by Jonathon Swaine, managing director of Rank Group, after the regions entered England’s new tier three restrictions. The new measures will mean that a number of Rank’s Grosvenor Casinos and Mecca Bingo venues will be forced to close their doors, having only recently …
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John O’Reilly, Chief Executive of Rank Group Plc, has stated that the government has not followed its own public health orders and further scientific measures by choosing to keep UK casinos venues under lockdown. Dominating industry headlines, last Friday PM Boris Johnson repealed the government’s decision to allow English casino venues to reopen on Saturday 1 August. PM Johnson told …
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Rank Group Plc has issued a market update as it begins to reopen its Mecca Bingo venues across England from Saturday 4 July. Absorbing COVID-19 impacts and costs, Rank stated that its group underlying profits will fall at the lower end of its provided £48-58 million guidance for the year ending 30 June 2020. Despite the closure of its entire …
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Rank Group has announced that it will begin the ‘phased reopening’ of its Mecca Bingo venues operating across England from 4 July. In accordance with the government’s public safety measures, 36 Mecca venues will reopen on 4 July across England, as Rank re-establishes its retail footprint having been forced to close all gambling venues from mid-March as the UK entered …
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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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As COVID-19 continues to dominate global headlines, Regulus Partners kicks off the week by looking at how the gambling industry has stepped up to the plate in supporting its staff and global efforts in tackling the spread of the virus. Global: When the going gets tough – many gambling businesses step up to the plate It is said that a …
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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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