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 …
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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 …
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Rank Group Plc expects its full-year 2022/2023 earnings guidance to fall within the ‘upper end of expectations’ following robust Q3 trading as group-wide efficiencies benefit both land-based and online trading. The LSE-listed gambling group reported improved financial results for the Q3 period ending 31 March 2023, with a 13% like-for-like increase in net gaming revenues (NGR) to £174m. Significantly, period …
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GamCare has formed a partnership with Rank Group to carry out safer gambling and social responsibility training for more than 1,400 of its employees. Beginning this month until late November, the UK-based charity will deliver 150 days of training covering a range of areas relating to responsible gambling and customer interaction. This will include a he firms have outlined that …
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Rank Group has reported that its trading is ‘in line with expectations’, highlighting a return to growth for its digital business whilst its retail division has experienced significant expansion. Publishing its trading results for the period ending 30 September 2021, Rank revealed a 5% year-on-year increase in net gaming revenue growth for its digital business whilst its retail division saw …
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A lack of international tourism and restrictions on London’s night time economy have put a dampener on Rank Group’s performance according to a trading update published by the company. While current trading is “in line with management expectations”, Rank highlighted a disparity between its Grosvenor Casinos based outside of London and those within the capital city. The group noted that …
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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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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, 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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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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