Digital Boost for Rank

25/10/2017

The UK’s Rank Group achieved two per cent growth in like-for-like revenue for the 16 weeks to October, 15, the company revealed at its AGM. Rank logo The group comprises of Grosvenor Casinos, Mecca Bingo, new community-based gaming brand Luda and similar Spanish operation Enracha. On a channel basis, venues revenue fell by one per cent and digital revenue grew by 19 per cent. Grosvenor Casinos’ like-for-like revenue was down one per cent in the period, driven by a lower than average win margin. Like-for-like revenue at Mecca fell two per cent. Both Grosvenor Casinos’ and Mecca’s digital channels grew strongly in the period, however, with revenue up 34 per cent and 11 per cent respectively. Management’s expectations for the full year remain unchanged. Group revenue came in at £755.1m while operating profit was £83.5m.

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