Tag Archives: mecca

Rank to begin phased reopening of Mecca venues on 4 July 

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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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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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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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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Rank pleased with Grosvenor progress as critical Stride integration begins

Rank Group Plc has detailed further progress for the firm’s transformation objectives and confidence in future prospects, as the London listed gambling group publishes its latest trading update for the quarter ending 30 September 2019. Rank records a 10% increase in group like-for-like net gaming revenues (NGR), detailing strong continued growth across its digital channel up 16% NGR. Maintaining its digital …

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The Rank Group MD Alan Morgan steps down “to pursue other opportunities”

Announced in a statement this morning, The Rank Group Managing Director Alan Morgan will be stepping down, effective as of July 21, 2019. The resignation comes as Morgan wishes “to pursue other opportunities”, with his duties set to be assumed by the Chief Executive until a successor is found, with the search set to begin immediately. John O’Reilly, chief executive …

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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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Rank targets corporate turnaround following year of all-round declines

The governance of London-listed The Rank Group Plc is turning its attention towards a recovery plan, following a “challenging year for the group,” primarily impacted by the poor performance of its Grosvenor Casino venues, which saw full-year pre-tax profits slip 41.4 per cent to £46.7m (2017: £79.7m). Grosvenor properties recorded a  6.1 per cent revenue decline for the year ending June 30 to £373m …

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Rank Digital places new compliance demands on affiliate marketing partners

Issuing a corporate statement, Rank Group Plc has announced that it has moved to toughen its affiliate program’s due diligence requirements for new and existing marketing partners, as the operator seeks to meet ‘elevated industry regulatory requirements’. Updating stakeholders, group subsidiary Rank Digital which operates the marketing services of Grosvenor and Mecca digital properties will add a series of new …

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