Publishing its H1 2018/19 interim results (period ending 31 December), the governance of Rank Group Plc states that it has identified a number of core efficiency-led directives that it will undertake, as part of its ongoing corporate transformation programme. The London-listed operator’s performance continues to suffer from ‘venue declines’ as its flagship Grosvenor properties adjust to a tougher UK retail …
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Global consumer comparisons and credit score data provider Experian has launched the industry’s first ‘affordability check’ tool, helping operators’ asses, identify and better understand customer risks, behaviours and affordability. In its product notes, Experian details that the affordability check tool becomes valid at the ‘most appropriate point for customers’, helping betting firms identify account changes or specific behaviours that may …
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UK legacy gambling operator Rank Group Plc is set to trial the immersive virtual reality technology of Immotion Group Ltd, seeking to deliver one-of-kind experiences to its UK venue customers. Agreeing terms on a revenue share deal, Rank will initially trial an Immotion VR pod within its Grosvenor Casino Manchester property showcasing Immotion’s ‘VR Racing Challenge’ simulator game. Should the …
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London-listed gambling operator The Rank Group Plc (Rank) continues the restructuring of its senior executive management team, confirming the appointment of industry communications expert David Williams as new Director of Public Affairs. Williams the former long-term Media & PR Director of Ladbrokes UK (2004-2017) joins Rank Group leadership, from newly formed racecourse pool-betting operator, Britbet, where he formerly served as …
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The governance of Rank Group Plc has this morning disclosed the pending appointment of William ‘Bill’ Floydd as new Chief Financial Officer (CFO). Joining the company on 12 November, Floydd is set to replace Clive Jennings as group Financial lead. Floydd joins Rank’s executive team from FTSE100 financial information/data provider Experian Plc, where he served as CFO for the UK …
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Ahead of its Annual General Meeting (AGM), London-listed Rank Group Plc has released a trading statement, updating investors on corporate performance for the 16-week period to 14 October 2018. Rank governance details that group like-for-like revenues have declined by 5%, with the company impacted by a slowdown of its venue properties – Grosvenor Casino and Mecca Bingo domains. ‘Grosvenor Casinos’ …
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Issuing a market update, the UK Gambling Commission (UKGC) has fined London-listed gambling operator Rank Group Plc £500,000 for failing to meet standards on customer gambling protections. A UKGC investigation has revealed that Rank failed to interact with a customer who displayed ‘problematic behaviour’ whilst wagering at Rank Interactive property GrosvenorCasinos.com The customer is reported to have lost £1 million …
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Betting on esports continues to garner ever more attention, opinion and action from both industries. With the complications that lie around IP; the fact that game developers own the games in which matches are being bet on and are largely holed up in the anti-betting camp (the likes of Riot Games’ ongoing positioning on the topic, and Valve recently urging …
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In its interim update, the governance of London-listed Rank Group Plc has revealed that its Luda Bingo project has failed to live up to management expectations. Updating investors, Rank governance details that the three Luda venues launched in Walsall, Weston-super-Mare and Leeds, failed to gain traction with bingo consumers. Launched in July 2017, the Luda venues aimed to attract younger …
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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’ …
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