Tag Archives: Rank Digital

Rank returns interim profits against tough UK headwinds 

SBC News Rank returns interim profits against tough UK headwinds 

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 nets Q1 all unit growth against tough UK environment

SBC News Rank Group nets Q1 all unit growth against tough UK environment

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 …

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Rank books £109m statutory loss in cold 2022/2023 

SBC News Rank books £109m statutory loss in cold 2022/2023 

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 …

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Rank books losses of £101m to overcome cold interim for UK venues 

SBC News Rank books losses of £101m to overcome cold interim for UK venues 

Rank Group Plc has declared that its business remains stable, despite recording statutory losses of £101m due to post-pandemic headwinds impacting its UK venues.  Publishing its Interim 2022 results (six months to 31 December), Rank achieved group underlying net gaming revenues (NGR) of £337m, up 2% on like-for-like 2021 results of £330.5m. Interim trading saw Rank Digital generate a 9% …

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Rank delivers positive Q1 against a frosty year outlook 

SBC News Rank delivers positive Q1 against a frosty year outlook 

Rank Group Plc maintains growth against tough macroeconomic headwinds impacting customer spending activity and the profitability of its UK gambling venues. This morning the LSE gambling group published its Q1 2022/2023 trading statement, registering a 2% increase in net gaming revenues (NGR) to £166m.   Headline growth was maintained despite Rank’s flagship Grosvenor Casino unit’s continued performance decline, in which Q1 …

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Rank returns full-year profits but signals choppy UK waters 

SBC News Rank returns full-year profits but signals choppy UK waters 

Rank Group Plc has hit its underlying year-end profit guidance of £40m, overcoming continued ‘softer trading conditions’ on its retail venues. The LSE gambling group’s preliminary results for the 12 months ending 30 June 2022, announced today, detailed continued footfall challenges for Grosvenor venues, in particular across London.  Group 2021/22 NGR totalled £644m, doubling corresponding 2021/20 results of £325m, yet …

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Rank lowers 2022 profit guidance due to Grosvenor venues ‘soft performance’

SBC News Rank lowers 2022 profit guidance due to Grosvenor venues 'soft performance'

Rank Group Plc has this morning issued a profit warning, accounting for the below expectations performance of its UK Grosvenor casino venues, which have been dragged by a ‘softness in visitor numbers’. The LSE gambling group has revised down its 2021/2022 underlying profits from its previous range of £47-to-£55 million to an expected result of approximately £40 million. “We have …

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UKGC orders Rank Digital and Annexio to pay £1.3m settlement on responsibility failings 

SBC News UKGC orders Rank Digital and Annexio to pay £1.3m settlement on responsibility failings 

The UK Gambling Commission (UKGC) has notified that Rank Digital Gaming and Annexio Limited have agreed to pay a regulatory settlement totalling £1.3 million.  The settlements are a result of separate investigations carried out by the Commission that reported social responsibility failures found throughout the operators’ domains. Rank Digital the operating company of grosvenorcasino.com, meccabingo.com meccagames.com and bellacasino.com, has agreed …

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Rank Digital places new compliance demands on affiliate marketing partners

SBC News 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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