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 …
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“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 …
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Rank Group Plc has downgraded its 2021/2022 full-year EBIT profit guidance from £55m-to-£65m to the lower range of £47-to-£55m – having considered Q3 trends that detail a ‘softness in venue trading’ and ‘continued inflationary costs’. The LSE gambling group has notified investors that it continues to monitor post-pandemic elements that are impacting the full recovery and day-to-day trading of its …
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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, …
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Rank Group has reported that its trading is ‘in line with expectations’, highlighting a return to growth for its digital business whilst its retail division has experienced significant expansion. Publishing its trading results for the period ending 30 September 2021, Rank revealed a 5% year-on-year increase in net gaming revenue growth for its digital business whilst its retail division saw …
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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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Gaming software supplier and platform provider, Bede Gaming, is building on its established European presence with a concerted expansion into the Spanish market. The expansion strategy follows a number of content integrations with providers such as Play’n Go and SBTech which has further strengthened the supplier’s market presence. The Bede platform, which has received a full licence from regulatory authority …
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The Rank Group is pleased to announce that it has successfully launched its new digital platform supplied by Bede Gaming. The new platform is now operating across both Mecca and Grosvenor digital sites and mobile apps, with Rank’s Spanish brand, Enracha, due to launch later in the calendar year. Commenting on the platform launch, Henry Birch CEO of the Rank …
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