Tag Archives: Stride Gaming

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 …

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 …

The Gambling Commission is playing hardball with the Rank Group as it imposes a £5.85m fine for social responsibility and anti-money laundering failures at subsidiary Daub Alderney. The regulator is adamant  that gambling operators will face the full consequences of regulatory failures, even if breaches occurred prior to ownership, however Rank believes that there are both equity and public policy …

Rank Group Plc has confirmed the promotion of Eitan Boyd to the leadership position of Group Chief Innovation Officer (CIO). Boyd is the former Chief Executive of Stride Gaming, the multi-brand igaming operator acquired by Rank in 2019 for £120 million. The promotion was disclosed by Rank governance updating investors on the LSE group’s digital progress, in which Rank stated …

Rank Group Plc has revealed that trading under lockdown conditions for its most recent quarterly reporting period has resulted in a 72% fall in group like-for-like revenues. This morning, the LSE gambling group published a Q3 2020/2021 trading and corporate liquidity update for the period ending 31 March, which stated that its Grosvenor and Mecca venue net revenues performance had …

Rank Group Plc has reaffirmed its confidence in being able to navigate the continued challenges that the COVID-19 pandemic has placed on its business. Publishing its H1 2020/2021 interim results for the six months ending 31 December 2020, Rank has recorded underlying group-wide losses of £42 million – representing a 171% swing on 2019/2020 profits of £59 million.  As previously …

London-listed gambling operator The Rank Group (Rank) has confirmed this morning that it has successfully completed its take over of online gambling group Stride Gaming. Confirmed in a statement, Rank will now hold the entire issued ordinary share capital of Stride, which was valued at £115.3m in May of this year. John O’Reilly, Rank Chief Executive, commented on the announcement: …