Tag Archives: rank group

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 …

Rank Group Plc continues to navigate a challenging UK business environment, but remains confident in achieving 2023/24 full year revenue and profit growth in line with expectations.  Publishing its Q1 2023/24 trading update, the LSE gambling group recorded an 11% increase in like-for-like net gaming revenue (NGR) to £179m. A positive start to year trading saw Rank record NGR growth …

“The White Paper was worth the wait,” Rank Group CEO John O’Reilly informed SBC after the publication of the firm’s financial results for 2022/23, when quizzed about his confidence in the post-Gambling Act review landscape. Whilst some operators – particularly those with a focus on sports betting – have expressed  dissatisfaction with the review’s proposed reforms and a lack of …

Kambi has kept up the pace with its commercial development in 2023, signing an extension agreement with Rank Group as the latest in a series of partnerships. Rank is a long-running client of the Stockholm-listed betting and gaming supplier, having utilised the firm’s sportsbook product since 2016, including AI-backed trading, a bet builder and horse racing product. The London-listed operator, …

Rank Group Plc has confirmed the appointment of Mark Harper as Managing Director of Grosvenor Casinos. Harper will take on the position overseeing Rank’s flagship casino unit from Monday 14 August and will join the executive committee of the LSE gambling group. An expert in the management of mass-market leisure and hospitality businesses, Harper joins Rank having previously served as …

Rank Interactive has appointed to the role of Chief Financial Officer. Joining The Rank Group later this year, Allanson will come from Entain, where he currently serves as Commercial Finance Director and is in charge of implementing value-adding financial initiatives across the gambling firm. He will continue to be based in Gibraltar, and will now report to Richard Harris – CFO …

Rank Group Plc expects its full-year 2022/2023 earnings guidance to fall within the ‘upper end of expectations’ following robust Q3 trading as group-wide efficiencies benefit both land-based and online trading. The LSE-listed gambling group reported improved financial results for the Q3 period ending 31 March 2023, with a 13% like-for-like increase in net gaming revenues (NGR) to £174m. Significantly, period …

The First Tier Tribunal Decision in the case of ‘Daub Alderney Limited v The Gambling Commission’ was reported on the Commission’s website on 13 December 2022. This arose from an appeal against a decision relating to the quantum of a financial penalty for regulatory compliance breaches imposed by a Panel of Gambling Commissioners. The dismissal of the appeal by Tribunal …

Rank Group Plc has declared that its business remains stable, despite recording statutory losses of £101m due to post-pandemic headwinds impacting its UK venues.  Publishing its Interim 2022 results (six months to 31 December), Rank achieved group underlying net gaming revenues (NGR) of £337m, up 2% on like-for-like 2021 results of £330.5m. Interim trading saw Rank Digital generate a 9% …

Rank Group Plc has issued a profit warning, alerting investors of weaker-than-anticipated results impacting its Grosvenor casino venues. Providing an update on its trading performance for the five months to 30 November, the LSE gambling group reported that a decline in Grosvenor performance had wiped out group growth.  “Whilst there has been some improvement in Grosvenor’s trading over the last …