Tag Archives: rank group

Rank Group Plc has today confirmed that it has moved to acquire Spanish online bingo operator YoBingo.es for an ‘initial consideration’ of €21 million cash. The acquisition sees Rank ‘deepen its commitment’ to the Spanish online gambling market, in which it currently operates its EnRacha online casino and games brand. Operated by QSB Gaming, YoBingo maintains a ‘top two presence’ …

The governance of FTSE 250 gambling firm Rank Group Plc has this morning confirmed the appointment of John O’Reilly as  Chief Executive Officer, replacing outbound Henry Birch as its corporate leader. A 25-year industry leadership veteran, John O’Reilly joins Rank from William Hill Plc, where he served as Non-Executive Director (2017-2018). Furthermore, O’Reilly previously led and grew Ladbrokes’ digital operations …

The governance of Rank Group Plc has today issued a corporate profit warning, detailing that its Grosvenor Casino and Mecca Bingo venues have been negatively impacted by adverse UK weather conditions recorded during Q1 2018. Updating the market, Rank details that March’s snowstorm has impacted customer activity/engagement with its UK Grosvenor and Mecca properties. The London-listed gambling group details a …

Issuing a short corporate statement, FTSE-listed gambling operator Rank Group Plc has confirmed the departure of Henry Birch as Group Chief Executive. Updating the market, Rank governance informs that Birch has handed-in his 12-month notice, and will be joining UK highstreet retailing group Shop Direct as new Chief Executive. Rank governance has begun the executive search for Birch’s replacement and …

Announcing its financial results for Q4 2017, in addition to its full year figures, Yggdrasil Gaming has reported a strong showing across the board. Revenues for the period have shown an increase of 61% to SEK 51.2m (€5.1m), up from SEK 31.8m (€3.2m) on the same period in 2016, with mobile gaming making up a total of 59% of the …

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 …

Yggdrasil Gaming’s expansion strategy continues further still, after a new agreement with Rank Group was announced. Under the terms of the deal, the Malta headquartered online and mobile casino games supplier is to provide its full portfolio of titles to the British gaming company. Rank Group, who operate the Mecca and Grosvenor Casinos brands, will enjoy access to slots such …

Ahead of its Annual General Meeting, London-listed gambling operator Rank Group Plc has issued a 16-week trading update (period ending 15 October). The gambling operator has stuck by its full-year guidance, despite facing tough ‘venue conditions’ in 2017. In its latest trading update, Rank would sustain a like-for-like group revenue increase of 2%. The company detailed that growth was primarily …

Tough retail conditions have impacted the H1 2017 performance of London-listed gambling operator The Rank Group Plc. The company has detailed a ‘challenging period’ in which its Grosvenor and Mecca venues have faced multiple increased costs. Updating the market, Rank would maintain group revenues of £754 million (1% increase), with the firm’s venue division generating like-for-like revenues of £642 million …