Tag Archives: Grosvenor Casino

Rank responds to press speculation on controversial share placement 

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 …

Read More »

Rank lowers profit guidance as Mecca venues begin reopening 

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 …

Read More »

Will Whitehead, mkodo: Achieving sportsbook and casino differentiation through UX

differentiation

Achieving product differentiation is arguably more important now than ever as sportsbook and casino operators face the challenge of staying relevant, writes Will Whitehead (pictured), Associate Director – Accounts at mkodo. This remarkable period triggered by the outbreak of COVID-19 has stressed the importance of having dynamic and agile digital products and has likely rang alarm bells for many over …

Read More »

Rank confirms Euro business support to navigate COVID-19 impact 

Rank Group Plc is the latest gaming industry incumbent to issue a COVID-19 update to investors, today citing a slowdown in UK venue trading over the last three weeks. The LSE operator stated that despite the slowdown its UK venue portfolio of Grosvenor Casinos and Mecca Bingo ‘remained profitable last week’. Following the UK government’s civil advice to avoid leisure …

Read More »

GambleAware receives £5.4m in donations for Q1 and Q2

According to recent figures released by GambleAware, UK operators Bet365, GVC Holdings and William Hill have again topped the list of donations received by the industry charity, for the period between 1 April 2019 – 30 September 2019. The charity had received £5.4m in pledges and donations for Q1 and Q2 of this year, however this does not include funds …

Read More »

Rank pleased with Grosvenor progress as critical Stride integration begins

Rank Group Plc has detailed further progress for the firm’s transformation objectives and confidence in future prospects, as the London listed gambling group publishes its latest trading update for the quarter ending 30 September 2019. Rank records a 10% increase in group like-for-like net gaming revenues (NGR), detailing strong continued growth across its digital channel up 16% NGR. Maintaining its digital …

Read More »

Rank Group’s transformation programme helps boost H2 profits

Following what it described as a ‘tough first half’ to the year, Rank Group has reported that its operating profits have climbed by 20% as detailed in the group’s H2 2018/19 results (6-month period ending 30 June 2019).  While the operator explained that its full-year profits had taken a 22% hit since last year, dropping from £50.1m to £39m, Rank …

Read More »

Rank Group confirms departure of Ian Burke as Chairman

Further to publishing its Q3 2018/19 trading update, the governance of London-listed Rank Group Plc has this morning disclosed that Ian Burke will not stand for re-election as Corporate Chairman. Updating investors, Rank informs that Burke has submitted a personal notice informing governance of his decision to end his 8-year tenure as Rank Group Chairman. Rank governance informs that Senior …

Read More »

Rank trials Immotion immersive VR at Grosvenor Casino Manchester

UK legacy gambling operator Rank Group Plc is set to trial the immersive virtual reality technology of Immotion Group Ltd, seeking to deliver one-of-kind experiences to its UK venue customers. Agreeing terms on a revenue share deal, Rank will initially trial an Immotion VR pod within its Grosvenor Casino Manchester property showcasing Immotion’s ‘VR Racing Challenge’ simulator game. Should the …

Read More »

Self-exclusion and credit check failures cost Rank Plc £500,000

Issuing a market update, the UK Gambling Commission (UKGC) has fined London-listed gambling operator Rank Group Plc £500,000 for failing to meet standards on customer gambling protections. A UKGC investigation has revealed that Rank failed to interact with a customer who displayed ‘problematic behaviour’ whilst wagering at Rank Interactive property GrosvenorCasinos.com The customer is reported to have lost £1 million …

Read More »