Tag Archives: YoBingo

Rank confirms Portuguese expansion for YoBingo asset

London-listed Rank Group Plc has confirmed that it will expand its Spanish gambling asset ‘YoBingo’ within Portugal’s regulated online gambling marketplace. Publishing Rank’s interim trading results last week, corporate governance highlighted YoBingo as a star performer for the firm’s digital division, generating net-gaming-revenues of £13 million combined with an operating profit of £1.6 million. Issuing a strategic update, Chief Executive …

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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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Kambi secures Rank renewal with further Enracha mandate

UK legacy gambling operator Rank Group Plc has expanded its existing sportsbook technology and systems arrangement with Kambi Group Plc to cover sports betting provisions for its Spanish market ‘Enracha‘ brand. Since 2016, Kambi has served as lead online sportsbook platform and software supplier for Rank’s flagship Grosvenor property, powering the relaunch of ‘Grosvenor Sport’ domain for Rank Interactive. Following a …

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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 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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