Rank Casino News
Casino and gaming operator Rank Group Plc on Thursday reported a 22% slump in annual operating profit, hit by a drop in sales and traffic at its casinos and bingo halls earlier in the year. Types of Slots Symbols. Online Casino Rank is an Independent online gaming portal that delivers current and accurate information about the world of online.
The Rank Group plc who number the Grosvenor Casinos among their brands have released their latest trading statement for the quarter ending September 2019, that has just passed. In doing so the figures show a like-for-like net gaming revenue (‘NGR’) increase of 10% for the quarter, with total NGR across all verticals up by 9%.
Chief Executive Officer of Rank Group plc, John O’Reilly, commenting on the latest figures, said: “We are pleased with the growth achieved across our businesses in this key part of our financial year, as well as with the ongoing progress we are making with our transformation programme.”
“The acquisition of Stride marks a pivotal moment in the development of our digital offering and having completed on 4 October 2019, we are now starting the execution of all our plans for integration and delivery of synergy benefits.”
The company will be announcing their interim results on 30th January next year.
This video content is not supported by your browser.
1 Group
3 Brands
The UK’s largest multi-channel casino operator.
The brand offers a range of popular casino table games, including roulette, blackjack, baccarat and poker as well as electronic roulette and slot machine games. The brand’s digital channel offers many popular games, including its very popular live casino, in addition to therecently launched sports betting offer.
Grosvenor Casinos also operates one unbranded casino in Belgium.
Industry overview
Casinos in Great Britain offer a variety of traditional games of chance in a safe, social and highly regulated environment. Customers must be 18 years or older in order to play in a casino.
Staking levels are not capped (with the exception of electronic gaming machines) and are determined by the casino.
Under current legislation, the following activities must be offered under a 1968 Act casino license in Great Britain: casino table games (including American roulette, blackjack, stud poker, punto, banco, sic-bo and dice); electronic games (predominately electronic roulette), gaming machines and card room games (including player-to-player poker and mah-jong). In addition, casinos typically include licensed bars and restaurants.
In Britain, due partly to restrictions on electronic gaming machines, the majority of casino revenue is generated by casino table games and their electronic equivalents.
Key people
Alan Morgan – Managing Director (Retail)
Debbie Husband – Operations Director (Retail)
Adam Joseph – Operations Director (Digital)
Nigel Lewis – Director of Finance (Retail)
David Balls - Human Resources Director (Retail and Group)
Richard Playle - Commercial Director (Retail)
Olly Raeburn - Chief Marketing Officer (Retail)
Key facts | |
Established | 1970 |
Clubs* | 55 (54 in UK; 1 in Belgium) |
Venues | |
Revenue* | £373.0m |
Operating profit* | £48.6m |
Customer visits* | 7.0 million per year |
Total spend per visit* | £53.26 |
Digital | |
Revenue* | £47.5m |
* As at 30 June 2018
Rank’s multi-channel community-based gaming brand for the British market. The brand’s digital channel offers a selection of games from bingo to a wide range of slot games.The venues also offer great-value food, drink and live entertainment.
Industry overview
Licensed bingo clubs in Great Britain provide low-cost games of chance in a safe, secure and regulated environment. The majority of customers are women and must be 18 years or older in order to play in a bingo club.
Bingo itself is a pari-mutuel lottery-style game where customers can win high prizes (Mecca’s record payout is £1 million) for low stakes. In addition, clubs typically incorporate large gaming machine arcades, licensed bars and restaurant areas, which are also important generators of revenue.
Rank Casino News Today
Key People
Alan Morgan- Managing Director (Retail)
John Dyson - Operations Director (Retail)
Adam Joseph- Operations Director (Digital)
Nigel Lewis - Director of Finance (Retail)
David Balls - Human Resources Director (Retail and Group)
Richard Playle - Commercial Director (Retail)
Olly Raeburn - Chief Marketing Officer (Retail)
Key facts | |
Established | 1961 |
Clubs* | 85 |
Venues | |
Revenue* | £208.1m |
Operating profit* | £28.6m |
Customer visits* | 9.7 million per year |
Total spend per visit* | £21.46 |
Digital | |
Revenue* | £47.5m |
Rank’s community-based gaming business for the Spanish market. The brand offers a range of popular community games like bingo as well as electronic roulette and slot machine games, sports betting and food, drink and live entertainment.
Industry overview
Bingo is one of the largest sectors of the Spanish gaming market, alongside lotteries, casinos and gaming machine arcades. Clubs generate revenue form participation fees on games of bingo, customers spending on gaming machines, food and drink.
The industry is largely regulated on a provincial basis, with gaming machines restrictions, staking levels and taxation being determined by the local authority.
Key people
Paul Richardson – International Managing Director
Albert Zorrilla – General Manager
Key facts | |
Established | 1994 |
Clubs* | 9 |
Venues | |
Revenue* | £35.3m |
Operating profit* | £7.5m |
Customer visits* | 2.0 million per year |
Total spend per visit* | €19.96 |
Digital | |
Revenue* (includes YoBingo) | £2.2m |
home
Creating value through our brands
Rank at a glance
Creating value through our three brands: Mecca, Grosvenor Casinos and Enracha.
JOHN O'REILLY'S REVIEW OF 2019/20
Chief Executive Q&A
“The more customer-centric we are as a business, the more successful we will be – and there is a big opportunity for us to do just that.'
Annual Report and Financial Statements 2020
LATEST NEWS
Work With Us
Ready for a challenge?
Rank Casino News Today
Ready to deliver a service style that keeps our customers coming back for more?
Keep it fun
Rank Casino News San Diego
Responsible Gambling
Rank Casino News 2020
Rank continues to develop its pioneering responsible gambling policy under the award winning “keep it fun” banner