White Paper: Rank Group – “Swift implementation of these much-needed reforms is vital for the land-based sector”
Rank Group CEO John O'Reilly shares his thoughts on the Government's White Paper.
Rank Group PLC, the owner of Mecca Bingo and Grosvenor Casinos, has said that it welcomes the UK Government’s White Paper. The group stated that it will bring in positive changes, as opposed to offsetting the potential negative effects.
The company welcomed the new policies from the White Paper, saying that most of its 50 casinos would consequently benefit, notably from the ability to now have a wider variety of machines. Rank also welcomed other policies, such as changes to credit provision for international high-net-worth customers and a review of digital payment methods in land-based venues.
O’Reilly said of the White Paper: “The public policy changes set out by the government are a constructive set of measures for the future of our industry and provide a firmer foundation for us to invest in our business. Whilst our UK digital business will be impacted by a tightening of regulation, our land-based operations will benefit from the proposed regulatory changes and, in net terms, the group will benefit.”
“With public policy now set, attention shifts to the timeline for implementing these policy changes. Swift implementation of these much-needed reforms is vital for the land-based sector as we look to meet the needs of today’s consumers whilst continuing to uphold our commitment to safer gambling.”
Many industry professionals have made public comments about the publication of the White Paper, including TransUnion’s Adam Hancox, who said: “We’re committed to working with our clients and the wider industry to enhance transparency.“
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