Rank Group Plc has quelled press speculation that it will undertake a new share placement to raise working capital to help its venues and properties mitigate autumn lockdown proceedings and further COVID-19 impacts. The LSE gambling group issued its response to a Sky News report, which detailed that Rank would pursue a £70 million emergency funding round, undertaken through a …
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Scottish First Minister Nicola Sturgeon has been warned by UK casino leaders that “hundreds of Scottish jobs’” have been placed at risk following the SNP’s enforcement that casino venues should be temporarily shut. New Scottish Government COVID-19 emergency measures enforced that any region placed under ‘Level 2’ requires local casinos to close entirely. Bosses have called on the Scottish First …
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Kindred Group Plc has reaffirmed its market-leading position within Belgium by agreeing to acquire Rank Group subsidiary Blancas NV for a total valuation of £25 million (cash and debt-free basis). Blancas NV is the operating firm of the ‘Casino Blankenberge’ located in the Belgium Flemish province of West Flanders and functions as one of nine casinos allowed by the Belgium …
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Playtech Plc has announced its latest ‘tier-1 gambling extension’ as Rank Group Plc renews its lead online bingo supplier agreement with the FTSE technology group for a further five years. Rank’s bingo extension follows its decision to upgrade all igaming provisions (online casino and poker) onto Playtech systems, supporting the heritage UK gambling operator’s group transformation objectives. Playtech will continue …
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The closure of casinos across Greater Manchester and South Yorkshire has been branded as a ‘senseless’ move by Jonathon Swaine, managing director of Rank Group, after the regions entered England’s new tier three restrictions. The new measures will mean that a number of Rank’s Grosvenor Casinos and Mecca Bingo venues will be forced to close their doors, having only recently …
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The casino industry has been left reeling after yesterday’s announcement of further coronavirus restrictions, which have seen the government impose a blanket 10pm curfew on their venues. Responding to the measures, The Rank Group has called upon the government to urgently consider expanding the Coronavirus Job Retention Scheme to support businesses affected by the new measures. Earlier this week, London …
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John O’Reilly, Chief Executive of Rank Group Plc, has stated that the government has not followed its own public health orders and further scientific measures by choosing to keep UK casinos venues under lockdown. Dominating industry headlines, last Friday PM Boris Johnson repealed the government’s decision to allow English casino venues to reopen on Saturday 1 August. PM Johnson told …
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Rank Group has strengthened its commitment to supporting unpaid carers across the UK after extending its partnership with Carers Trust through until 2021. Since its inception more than six years ago in February 2014, Rank colleagues and customers have raised £2.6 million for the charity, with the money raised benefiting over 12,000 unpaid carers. Over the last 12 months, Rank …
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Casino venues remain in the lurch with regards to their future schedules, as the government denies them a July reopening. Yesterday afternoon, DCMS Culture Secretary Oliver Dowden announced the government’s latest easing orders for leisure and hospitality businesses – a ‘significant lifting of lockdown restrictions for arts, entertainment and sport’. From this Saturday (11 July), England’s outdoor pools, sports pitches …
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Rank Group Plc has issued a market update as it begins to reopen its Mecca Bingo venues across England from Saturday 4 July. Absorbing COVID-19 impacts and costs, Rank stated that its group underlying profits will fall at the lower end of its provided £48-58 million guidance for the year ending 30 June 2020. Despite the closure of its entire …
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