Online casino operator Daub Alderney’s appeal against a UK Gambling Commission financial penalty imposed last year has been rejected. The Rank Group brand, which operates the kittybingo.com, luckypantsbingo.com, luckyvip.com, magicalvegas.com, regalwins.com and spinandwin.com sites, was charged £5.85m in September 2021 for social responsibility and anti-money laundering failures. Daub Alderney appealed the penalty to the First-Tier Tribunal, arguing that it was …
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Rank transfers Esom NED duties to Lucinda Charles-Jones
Rank Group Plc has notified investors that Steve Esom has chosen to end his tenure as a Non-Executive Director of the LSE gambling group. Formerly Managing Director of Waitrose, Esom will end his six-year tenure as a corporate advisor of Rank on 31 December 2022 and will further resign as Chair of the Remuneration Committee. Rank announced that following his …
Read More »Rank delivers positive Q1 against a frosty year outlook
Rank Group Plc maintains growth against tough macroeconomic headwinds impacting customer spending activity and the profitability of its UK gambling venues. This morning the LSE gambling group published its Q1 2022/2023 trading statement, registering a 2% increase in net gaming revenues (NGR) to £166m. Headline growth was maintained despite Rank’s flagship Grosvenor Casino unit’s continued performance decline, in which Q1 …
Read More »Rank Interactive completes full migration onto new proprietary platform
Rank Group Plc has announced that its Rank Interactive unit has completed its final migration project, transferring the Grosvenor Online business onto the group’s proprietary platform. Since 2020, Rank Interactive has been tasked with migrating all flagship, white-label and international brands to be housed under the Stride Gaming platform. The migration was announced as the cornerstone project of Rank Group’s …
Read More »Unite to strike against Grosvenor London venues
The trade union of Unite will strike against London Grosvenor Casino venues operated by Rank Group Plc this weekend. Rank has been warned that Grosvenor employees who are members of the trade union voted unanimously in favour of taking strike action against seven venues in London. Unite stated that it carried the interests of 150 Grosvenor London staff members that …
Read More »BGC warns of energy crisis threat to leisure and hospitality
Soaring energy costs have hit the headlines for the past few months, and the Betting and Gaming Council (BGC) has highlighted the impact these could have on the hospitality sector. Specifically, the betting and gaming trade association highlighted the difficulties faced by retail bookmakers and casinos, citing ‘news reports’ suggesting that these businesses are facing average increases of 300% under …
Read More »Rank returns full-year profits but signals choppy UK waters
Rank Group Plc has hit its underlying year-end profit guidance of £40m, overcoming continued ‘softer trading conditions’ on its retail venues. The LSE gambling group’s preliminary results for the 12 months ending 30 June 2022, announced today, detailed continued footfall challenges for Grosvenor venues, in particular across London. Group 2021/22 NGR totalled £644m, doubling corresponding 2021/20 results of £325m, yet …
Read More »Rank appoints Hazel Boyle as new CPO
The board of Rank Group Plc has announced the appointment of Hazel Boyle as new Chief People Officer (CPO) of the heritage UK gambling group. Boyle joins Rank’s executive team, having most recently served as Chief People Officer at FTSE250 publisher and media owner Future plc. An expert in talent pool development and HR planning, Boyle has led recruitment and …
Read More »British casino pioneer Jimmy Thomas passed away
The death of James ‘Jimmy’ Thomas, President and Co-Founder of The Hippodrome Casino, London, has been announced. After a short illness, Jimmy died in his sleep on the morning of Saturday, 30 July at the London Clinic with members of his family present. He was 88. He leaves a son and two daughters, Simon, Lisa and Carla, from his marriage …
Read More »Rank lowers 2022 profit guidance due to Grosvenor venues ‘soft performance’
Rank Group Plc has this morning issued a profit warning, accounting for the below expectations performance of its UK Grosvenor casino venues, which have been dragged by a ‘softness in visitor numbers’. The LSE gambling group has revised down its 2021/2022 underlying profits from its previous range of £47-to-£55 million to an expected result of approximately £40 million. “We have …
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