LSE gusts have lifted Rank Group’s share prices in wake of new land-based casino draft reforms proposed by the UK policymakers. The Grosvenor Casino operator saw its share price on the London Stock Exchange (LSE) grow almost 6% in the early hours of this morning, 14 May, in an encouraging sign for the wider brick-and-mortar sector as we see it …
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Rank hits Q3 high notes to clear a path to 2024/2025 profits
Rank Group Plc maintains full confidence in realising its headline financial objective of achieving full-year operating profits. The LSE-listed gambling group has reported a robust Q3 2024/2025 trading performance (quarter ending 31 March), delivering growth across its land-based venues and digital channels. A snapshot of Q3 results saw Rank achieve net gaming revenues of £196m (+11%), with year-to-date income standing …
Read More »Rank Group pays out dividend as business returns to profits
Rank Group Plc reaps the benefits of its business transformation programme, as all units contribute to corporate growth despite remaining pressures. Publishing its preliminary 2023/2024 results for the 12 months ending 30 June, the LSE gambling group has reported a 9% increase in net gaming revenues (NGR) to £734m (FY2022/23: £671m). Of significance, the year’s accounts detail that like-for-like underlying …
Read More »BGC and Rank welcome DCMS’ positive response to modernise UK casinos
Voices from the industry continue to pour down in support of yesterday’s DCMS response to the UK Gambling Commission (UKGC) consultation on modernising land-based venues. Part of the Gambling Review White Paper, the consultation seeks to clear up the fog around licenced businesses operating physical casinos in the UK caused by the mandatory compliance with two separate legislations – the …
Read More »Rank clears path to profit recovery following positive Q3 trading
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 …
Read More »Rank takes on full customer compliance platfrom of DoTrust
Rank Group Plc has expanded its principal supplier partnership with the Department of Trust (DoTrust) to cover all compliance and customer risk assessment duties of the LSE-listed gambling group. As announced this morning, Rank Interactive unit will integrate “DoTrust Complete”, the “first dedicated platform offering end-to-end frictionless and enhanced financial risk checks to support all stages of the player journey.” …
Read More »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 …
Read More »Rank Group: Improvements to UK casinos “cannot come a moment too soon”
More reform is now needed within the UK casino industry, according to David Williams, Director of Public Affairs at Rank Group. Highlighting that several improvements “cannot come a moment too soon” in a blog post on the Betting & Gaming Council’s (BGC) website, Williams added that while the changes are needed quickly, casinos in the UK are not blessed with …
Read More »Mecca Bingo to sponsor ITV’s Loose Women in 2024
Mecca Bingo has bolstered its UK brand coverage by becoming the lead sponsor of ITV’s Loose Women, beginning in January 2024. Broadcast on weekdays from 12:30 to 13:30, Loose Women is the principal daytime panel show of ITV, which attracts an estimated daily audience of 3 million viewers. On air since 1999, Loose Women serves as ITV’s longest-running talk show, …
Read More »ASA orders Mecca to remove Baga Chipz social post
Rank Group’s Mecca Bingo has been ordered to remove an Instagram post featuring a prominent drag star by the Advertising Standards Authority (ASA). The post featured celebrity drag queen Baga Chipz alongside a caption reading ‘a good game can transform you! Don’t you just love that post-bingo glow. Over 18s only. BeGambleAware.org. DrinkAware.co.uk. Ts&Cs apply. #letaplaymeccabingo #meccabingo #winning #bingo #winningfeeling …
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