Tag Archives: Rank Group
UK – Rank returns to profit but London casino performance a cause for concern
Rank Group has reported an underlying operating profit of £40.4m for the financial year, up from a loss of £82.4m in 2020/21, albeit a year heavily impacted by the pandemic with venues closed at various points. Second half performance was adversely impacted by ‘difficult trading conditions’ in Grosvenor venues, particularly in London, which led to…
UK – Rank lowers profit expectations following ‘softer performance’ across Grosvenor Casinos
Rank Group has lowered its profit expectations for the year ending 30 June following ‘softer performance’ in its UK venues with visit numbers down across Grosvenor casinos. Rank reported ‘some improvement’ in Grosvenor’s performance post April, but it has been considerably weaker than expected, principally due to a slower than expected return of higher spending…
UK – Rank revises its EBIT range for year end
British betting operator Rank Group has slashed its previously guided EBIT range of £55m to £65m for the year ending 30 June 2022 to a range of £47m to £55m. Rank’s UK venues (Grosvenor and Mecca) were closed for the entirety of Q3 2020/21. Its Enracha venues in Spain were open for part of the…
UK – Rank to recoup almost £80m due to VAT on slots
Rank Group, operator of the Grosvenor Casinos and Mecca Bingo brands in the UK, will receive a refund of £77.5m ($104.04m) from Her Majesty’s Revenue and Customs (HMRC), the British tax authority, over value-added taxes paid on slot machine revenue between 2006 and 2013. Other betting companies are expecting a windfall as a result of the…
UK – Rank’s revenues savaged by closures but non-London casinos back at 98 per cent of pre-pandemic levels
With 79 per cent of the Rank Group’s revenue being derived from its venues businesses, closures imposed in the Government’s response to the pandemic amounting to 59 per cent of available operating days together with capacity constraints, and reduced opening hours have seen revenues fall by 50 per cent, giving an operating loss of £67m….
UK – Grosvenor dealers benefiting from Grosvenor Casinos Gaming Academy
The Grosvenor Casinos Gaming Academy, a six-week programme that teaches non-gaming team members how to deal some of the most popular casino games including Blackjack, Poker and Roulette., is paying off with team member in Reading, Midlands, Cardiff and Manchester all benefitting from the course with plans for further Gaming Academies throughout the year. As…
Rank Group’s Hawkeye tackles high-velocity online play issue
The Rank Group, including Grosvenor Casinos and Mecca Bingo, is to deploy real-time ‘Hawkeye’ system as part of Safer Gambling rollout within its customer support hub, including around-the-clock customer monitoring. In June, Rank Group launched a new real-time safer gambling monitoring desk to be rolled out across the operator’s Grosvenor Casinos and Mecca Bingo brands….
UK – Sports betting firms donate profits from Britainna Stakes to Prostate Cancer
The Betting and Gaming Council’s biggest members have agreed to donate all their profits from the Britainna Stakes, which takes place at Royal Ascot on June 17, to Prostate Cancer UK, Marie Curie, the three Armed Forces charities and Care Radio. Flutter (Paddy Power, Betfair, Sky Bet), bet365, Entain (Ladbrokes, Coral), William Hill, Kindred (Unibet),…
UK – Rank to deploy real-time ‘Hawkeye’ system as part of Safer Gambling rollout
The Rank Group have developed an innovative real-time safer gambling monitoring desk as part of the group’s continued roll-out of safer gambling measures. The Grosvenor casino and Mecca bingo owner has invested significantly in the firm’s Customer support hub in order to identify, more swiftly, customer online behaviour that may require interventions, building on real-time…
