Tag Archives: rank group

Hong Leong Co cuts stake in Rank Group

Malaysia and Singapore Hong Leong Co investment subsidiary Guoline Overseas Ltd has today reduced its stake in gambling operator Rank Group Plc. The investment firm confirmed that it had sold 50 million shares at 185 pence in a rapid sale of shares for investment purposes (financial term -accelerated bookbuild). Business news sources report that Guoline Overseas has managed to raise …

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Rank Group names Martin Pugh as Mecca Bingo MD

Rank Group has announced the appointment of Martin Pugh as Managing Director of Mecca Bingo, the UK operator’s bingo business division. The former Camelot UK Managing Director, will be tasked with leading Rank Group’s new bingo strategy across its 93 retail clubs, as well as looking for new opportunities to open three new Mecca Bingo locations. Rank Group have restructured …

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Sir Needham shows support for Belfast Casino

Rank Group Non-Executive director and former Northern Ireland minister Sir Richard Needham has shown his support for the construction of a casino complex in Belfast. Sir Needham has urged Northern Irish Ministers to take a gamble and allow for the construction of a Belfast casino complex. Currently casinos are viewed as illegal enterprises by Northern Irish law, however new legislation …

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Rank Group plans digital platform switch ahead of 2015

Rank Group Chief Executive Henry Birch has outlined plans to optimise Rank Group’s digital gaming strategy ahead of 2015. The newly appointed CEO, has stated that a switch in igaming platform and provisions supplier will be critical to the operators future performance. Speaking to EGR Magazine, Birch commented that Rank Group’s digital management team had been studying igaming suppliers and …

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Point of consumption tax will hit Rank’s performance

Rank Group, owner of the Grosvenor casino and Mecca bingo brands, has announced a 13% increase in ‘continuing business revenues’ for the 12 months to 30 June 2014, with retail growth considerably outstripping its digital performance. Revenues increased 15% for its venues, while the digital channel achieved 2% growth. The fastest growing channel of distribution continues to be mobile where …

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Colin Cole-Johnson joins Rank Group as Director of Digital Gaming

Henry Birch, Rank Group’s recently appointed CEO, has recruited former William Hill colleague Colin Cole-Johnson to head up Rank Group’s digital gaming division. Cole-Johnson will be in charge of Rank digital assets for Mecca Bingo and Grosvenor Casinos, plus potential future brands. Cole Johnson joins Rank as former director of igaming for William Hill, representing Henry Birch first significant appointment, …

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Sportech and Rank Group to fight for VAT returns

Sports betting operators Sportech and Rank Group may be rewarded with UK tax returns concerning corporate claims for refunds on overpaid UK VAT. Both operators have applied for UK High Court hearings regarding tax rebates on overpayments made by the operator to the UK government. Further positive news for the operators saw the UK High Court ruled that refunds for …

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Rank goes from Burke to Birch

The Rank Group Plc has announced the appointment of Henry Birch, who will succeed Ian Burke as chief executive of Rank with effect from 6 May 2014. Burke, who is currently also executive chairman of Rank, will become non-executive chairman with effect from 6 May 2014.  The Rank board believes it appropriate to ensure that the company benefits from some …

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Child steps down from Rank Group

Rank Group owners of gambling operators – Mecca Bingo and Grosvenor casinos have announced the departure of Senior Independent Director – Colin Child. Child resigned from his position with immediate effect, and will also step down from his position on the company’s board. Rank have not made public Child’s reasons for leaving the company. Childs (55) had been appointed by …

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