Tag Archives: John O’Reilly

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 …

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Rank Group pursues Stride Gaming for £115 million

The governance of Rank Group Plc has this morning confirmed that it has entered ‘advanced discussions’ to acquire London AIM-listed online gambling group Stride Gaming Plc. Rank the operating company of Mecca Bingo and Grosvenor Casinos, has tabled a ‘28% premium’ offer on Stride’s share price, putting forward to investors an all-cash ‘151 pence per share’ purchase price to acquire …

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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 …

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Five join the Senet Group to promote responsible gambling

In a move to improve industry-wide collaboration and tackle problem gambling Aspers, Caesars, Genting, Playtech and the Rank Group have joined UK responsible gambling body Senet Group. The five will sit on the Senet Group’s quarterly CEO forum, which currently offers advice to the group’s Board and independent chairman, Gillian Wilmot. They join GVC (Ladbrokes Coral), William Hill, Paddy Power …

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The Rank Group MD Alan Morgan steps down “to pursue other opportunities”

Announced in a statement this morning, The Rank Group Managing Director Alan Morgan will be stepping down, effective as of July 21, 2019. The resignation comes as Morgan wishes “to pursue other opportunities”, with his duties set to be assumed by the Chief Executive until a successor is found, with the search set to begin immediately. John O’Reilly, chief executive …

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Rank Group focusing on efficiency to overcome tough venue adjustments

Publishing its H1 2018/19 interim results (period ending 31 December), the governance of Rank Group Plc states that it has identified a number of core efficiency-led directives that it will undertake, as part of its ongoing corporate transformation programme. The London-listed operator’s performance continues to suffer from ‘venue declines’ as its flagship Grosvenor properties adjust to a tougher UK retail …

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Rank Group appoints ‘media pro’ David Williams as new Public Affairs lead

London-listed gambling operator The Rank Group Plc (Rank) continues the restructuring of its senior executive management team, confirming the appointment of industry communications expert David Williams as new Director of Public Affairs.  Williams the former long-term Media & PR Director of Ladbrokes UK (2004-2017) joins Rank Group leadership, from newly formed racecourse pool-betting operator, Britbet, where he formerly served as …

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Rank hires ‘transformation pro’ Bill Floydd as Group CFO

The governance of Rank Group Plc has this morning disclosed the pending appointment of William ‘Bill’ Floydd as new Chief Financial Officer (CFO). Joining the company on 12 November, Floydd is set to replace Clive Jennings as group Financial lead. Floydd joins Rank’s executive team from FTSE100 financial information/data provider Experian Plc, where he served as CFO for the UK …

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Rank progress impacted by venue declines & digital obstacles

Ahead of its Annual General Meeting (AGM), London-listed Rank Group Plc has released a trading statement, updating investors on corporate performance for the 16-week period to 14 October 2018. Rank governance details that group like-for-like revenues have declined by 5%, with the company impacted by a slowdown of its venue properties – Grosvenor Casino and Mecca Bingo domains. ‘Grosvenor Casinos’ …

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Rank’s Luda project fails to find a new bingo audience

In its interim update, the governance of London-listed Rank Group Plc has revealed that its Luda Bingo project has failed to live up to management expectations. Updating investors, Rank governance details that the three Luda venues launched in Walsall, Weston-super-Mare and Leeds, failed to gain traction with bingo consumers. Launched in July 2017, the Luda venues aimed to attract younger …

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