Tag Archives: RIDE Platform

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 …

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 …

Rank Group Plc welcomes a return to profitable trading, driven by the strong recovery of its Grosvenor, Mecca and Enracha (Spain) venues remerging their businesses from COVID-19 constraints.  Publishing its interim H1 2021/22 results (period ending 31 December), Rank registers a group underlying NGR of £334 million, up 90% corresponding to H12020/21 results of £175 million. Period growth was maintained, …