Tag Archives: rank

Rank Group Plc has confirmed the appointment of Mark Harper as Managing Director of Grosvenor Casinos. Harper will take on the position overseeing Rank’s flagship casino unit from Monday 14 August and will join the executive committee of the LSE gambling group. An expert in the management of mass-market leisure and hospitality businesses, Harper joins Rank having previously served as …

Rank Interactive has appointed to the role of Chief Financial Officer. Joining The Rank Group later this year, Allanson will come from Entain, where he currently serves as Commercial Finance Director and is in charge of implementing value-adding financial initiatives across the gambling firm. He will continue to be based in Gibraltar, and will now report to Richard Harris – CFO …

Rank Group Plc has confirmed the forthcoming appointment of Andrew Peat as the new Managing Director of its Interactive business. Peat, who is expected to assume the leadership role later this year, will join Rank’s executive management team from William Hill, where he most recently served as Sportsbook Director from 2018 to 2023. Before joining the betting and gaming industry, …

Rank Group Plc has promoted Interactive MD Jon Martin to the position of Group Chief Operating Officer (COO), confirming that he will assume the role during the summer.  A five-year executive of Rank, Martin has led multiple divisions of the LSE gambling group including its Aspers Online brand and International operations.  In his new position, Martin will maintain his role …

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 …

Rank Group has entered an agreement with Lloyds Bank that will provide the LSE listed gambling group access to a £25 million (€29m) revolving credit facility. The facility has been made available to Rank for a period of two years , providing its business with additional liquidity and ‘the opportunity, when we are confident that the Group is delivering sustainable …

Rank Group Plc has revealed that trading under lockdown conditions for its most recent quarterly reporting period has resulted in a 72% fall in group like-for-like revenues. This morning, the LSE gambling group published a Q3 2020/2021 trading and corporate liquidity update for the period ending 31 March, which stated that its Grosvenor and Mecca venue net revenues performance had …

The Betting and Gaming Council (BGC) has confirmed that London casinos are prepared to close their bar premises in order to avoid a curfew being imposed on the capital’s entertainment venues. The BGC’s statement comes as the government reviews further lockdown measures to slow the spread of the coronavirus, as the UK enters its autumn months. Latest news reports suggest …