Tag Archives: mecca

Rank appoints Karen Whitworth as Audit Chair

London-listed Rank Group Plc has moved to strengthen its governance advisory, confirming the appointment of Karen Whitworth as a Non-Executive Director with immediate effect. An expert in the financial planning and risk management of large-scale enterprises, Whitworth is the former logistics and supply chain operations director of UK supermarket J Sainsburys Plc (2007-2018). Updating investors, Rank governance informs that Whitworth …

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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 …

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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 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 targets corporate turnaround following year of all-round declines

The governance of London-listed The Rank Group Plc is turning its attention towards a recovery plan, following a “challenging year for the group,” primarily impacted by the poor performance of its Grosvenor Casino venues, which saw full-year pre-tax profits slip 41.4 per cent to £46.7m (2017: £79.7m). Grosvenor properties recorded a  6.1 per cent revenue decline for the year ending June 30 to £373m …

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Rank Digital places new compliance demands on affiliate marketing partners

Issuing a corporate statement, Rank Group Plc has announced that it has moved to toughen its affiliate program’s due diligence requirements for new and existing marketing partners, as the operator seeks to meet ‘elevated industry regulatory requirements’. Updating stakeholders, group subsidiary Rank Digital which operates the marketing services of Grosvenor and Mecca digital properties will add a series of new …

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Yggdrasil announces UK expansion with Rank Group

Copyright: paseven / 123RF Stock Photo

Yggdrasil Gaming’s expansion strategy continues further still, after a new agreement with Rank Group was announced. Under the terms of the deal, the Malta headquartered online and mobile casino games supplier is to provide its full portfolio of titles to the British gaming company. Rank Group, who operate the Mecca and Grosvenor Casinos brands, will enjoy access to slots such …

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Tough ‘venues’ condition sees Rank Group up digital presence

Ahead of its Annual General Meeting, London-listed gambling operator Rank Group Plc has issued a 16-week trading update (period ending 15 October). The gambling operator has stuck by its full-year guidance, despite facing tough ‘venue conditions’ in 2017. In its latest trading update, Rank would sustain a like-for-like group revenue increase of 2%. The company detailed that growth was primarily …

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Rank Group boosts digital division to counter ‘Tough’ venue conditions

Tough retail conditions have impacted the H1 2017 performance of London-listed gambling operator The Rank Group Plc. The company has detailed a ‘challenging period’ in which its Grosvenor and Mecca venues have faced multiple increased costs. Updating the market, Rank would maintain group revenues of £754 million (1% increase), with the firm’s venue division generating like-for-like revenues of £642 million …

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