Following the rejection of its £3.3 billion takeover offer by the William Hill board, on the grounds that its proposed bid ‘substantially undervalued’ its business. The Rank Group and 888 Holdings consortium have called for direct talks with William Hill governance, outlining the case for its three-way merger. Seeking to appeal to William Hill investors, Rank and 888 have today …
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Rank Group unleashes new digital platform
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 …
Read More »Rank Group appoints Leon Thomas as Online Bingo lead
Rank Group (Rank) has confirmed the appointment of Leon Thomas as its Chief Operating Officer (COO) for its digital bingo division. Thomas joins Rank operations, having previously served as Managing Director of NYX Gaming Group – US Operations in Las Vegas. An online bingo veteran, Thomas has further served as MD of Sunderland based online bingo operator Tombola.co.uk. Announcing the …
Read More »Rank posts positive 2015 performance ahead of digital overhaul
Reporting on its H1 2015/16 performance (unaudited six month period ending 31 December), the governance of Rank Group Plc, stated that it was pleased with results as like-for-like group revenues rose 5% to £370 million (H1 2014/15 – £351 million) Rank expects H1 2015/16 profits to be around the £46 million mark, up 11% on H1 2014/15 corresponding performance (£41.7 …
Read More »Rank Group confident of targets as Grosvenor & Mecca see revenues rise
Rank Group governance remains fully confident of hitting its 2015 full year expectations, having recorded key metric growth on all its core business channels for the 15-week period to 11 October 2015 Updating investors and markets via an interim management statement, Rank informed that its group revenues had gained an 8% increase in a like for like basis. For its …
Read More »RGT announces the appointment of Simmonds, Birch & Dale-Perera as new trustees.
The Chief Executive of the British Beer and Pub Association Brigid Simmonds and the Rank Group plc Chief Executive Henry Birch have joined the RGT Board replacing Chairman of Hook Norton Brewery Jonathan Paveley and Genting Chairman & COO Peter Brooks. Annette Dale-Perera, a former strategic director of addiction and offender care in the NHS and a member of the …
Read More »Rank sees retail & digital growth in 2014/15
Reporting on its preliminary 2014/15 corporate performance (year ending 30 June), FTSE 250 listed gambling operator Rank Group Plc was pleased to announce top line growth on all key performance metrics. A strong 2014/15 performance would see the operator record a 4% uplift in group revenues to £738 million, Rank Group would report year-end operating profits of £84 million up …
Read More »Rank Group expects to hit 2015 performance targets
Rank Group Plc governance has stated that it is confident that the company will hit 2015 performance targets having recorded a strong opening 20 week period for 2015.Rank Group announced that like-for-like revenue for the 20 weeks to 17 May 2015 has grown by 5%, with total revenue up 4%. Its Grosvenor Casino (retail) operations had recorded a 5% rise …
Read More »Rank migrates interactive platform to Bede Gaming
Rank Group’s digital gaming division Rank Interactive has announced that it will migrate its core digital gaming platform from Openbet to new igaming supplier Bede Gaming. Rank announced its major development move in its H1 2014 report, as the operator looks to gain greater control and flexibility over its digital product platform. The deal with Bede Gaming will not affect …
Read More »Rank on the up with H1 25% profit increase
Rank Group Plc operators of Grosvenor Casino and Mecca Bingo, has announced that H1 corporate operating profits rose 25% to £34.9 million (2013: 28.3 million), as the gambling operator reported improved performance on all brands. The digital performance of Grosvenor and Mecca brands drove corporate H1 performance, with the brands recording improved revenues of £41.4 million (2013: 35.6 million). Ranks …
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