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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The board of Rank Group Plc has announced the appointment of Hazel Boyle as new Chief People Officer (CPO) of the heritage UK gambling group. Boyle joins Rank’s executive team, having most recently served as Chief People Officer at FTSE250 publisher and media owner Future plc. An expert in talent pool development and HR planning, Boyle has led recruitment and …
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XLMedia will initiate a recruitment process for a new Non-Executive Chairman, as Christopher Bell withdraws from the position to join ‘Nueva Codere‘, the business identity of Grupo Codere SA. During his nearly eight years as Chair of XLMedia, Bell oversaw the group’s IPO on the London AIM in 2014 as well as ‘a number of successful strategic acquisitions’ – the firm …
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The board of ‘Nueva Codere‘, the business identity of Grupo Codere SA under the ownership of bondholders, has nominated Christopher Bell to serve as new Non-Executive Chairman. The candidacy will be subject to the approval of the shareholders’ general meeting of Nueva Codere scheduled for 7 February. The meeting will aim to resolve the ‘construction of a new board that will …
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Rank Group Plc has confirmed the inbound appointment of Richard Harris as Chief Financial Officer (CFO) and a board director of the LSE-listed gambling group. The executive appointment will take effect from 1 May 2022, with Harris set to replace incumbent Bill Floydd who resigned this summer, choosing to join luxury retailer Watches of Switzerland. Harris is the current CFO …
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Regulus Partners sets the record straight on how betting incumbents should represent black market threats, where the emphasis should be placed on understanding player habits and protecting integrity over market size impacts. Whenever a regulator or government seeks to make ‘illiberal’ changes to gambling policy, the dangers of a black market will almost inevitably be wheeled out in evidence …
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Rank Group Plc has announced a directorate change with Chew Seong Aun replacing Tang Hong Cheong as a company non-executive director. An expert in corporate finance, Seong Aun is the current group CFO and board member of Honk Kong-based private investment fund Guoco Group, the current majority shareholder of Rank Plc. Seong Aun has had a 30-year executive career in …
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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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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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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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