Rank Group reports 10.9% Q3 FY25 revenue growth
Like-for-like gaming revenue rises as digital and venue performance strengthens.
Key points:
– Group like-for-like net gaming revenue (NGR) increased 10.9% to £195.6m ($244.5m)
– Digital NGR rose 15.4%, with gains from the Grosvenor brand
– Grosvenor venues saw a 13.0% uplift, driven by table gaming and electronic roulette
The Rank Group has reported encouraging third-quarter results for the period ending 31 March 2025, with growth seen across both digital and land-based operations.
Group like-for-like net gaming revenue (NGR) stood at £195.6m, marking a 10.9% year-on-year increase. Year-to-date NGR reached £597.4m, 12.2% higher than the previous year.
Grosvenor venues contributed £90.4m to Q3 revenues, showing a 13% rise. The improvement was led by table gaming, which increased by 14.5%, and electronic roulette, up by 9.5%.
Digital operations recorded a 15.4% increase, supported largely by the Grosvenor brand, which grew 43.2%. While the Spanish market declined slightly, management remains optimistic about future recovery through platform improvements.
Mecca venues achieved a modest rise of 1.9%, while Enracha venues in Spain posted a 4.1% increase.
Chief Executive John O’Reilly says the operator remains on track to meet full-year profit expectations, despite macroeconomic pressure.
He added that the industry is awaiting government updates on land-based reforms, which are expected to be announced in the coming weeks.
The operator will publish its preliminary results for the full year ending 30 June 2025 on 14 August.
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