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NEWS 20 October 2017
Rank Group up 2% in Q3 thanks to online betting surge
By Manuel Marti
The British gambling firm Rank Group, which owns Mecca Bingo and Grosvenor Casinos, has posted a 2% increase in the third quarter revenues thanks to a surge in online sales.

The positive financial results experienced in the three-month period ended on 15 October can be fairly attributed to an online boost. Online revenues jumped 34% at Grosvenor Casinos and 11% in Mecca Bingo; whilst revenues at casinos and bingo halls were down 1% and 2% respectively.

Overall, the group saw a 19% hike in online betting and 1% fall in trade at regular venues.

These figures come after the group announced a leadership overhaul in Q3, creating a single management team for the retail business covering both Grosvenor and Mecca.

It is believed that the new structure will retain distinct operations for both companies but will allow for “improved synergies”.

In its interim update, back in June, Rank Group revealed a 7% year-on-year drop in annual profits, down to $79.7m for the first six months of 2017.
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IN-DEPTH 21 February 2018
Blockchain: Better the Devil you know?
The battle of the blockchain rages on. The technology that underpins cryptocurrency has proved deeply divisive, both in the gaming industry and wider financial markets. Up until now blockchain has suffered from a reputation as a tool for circumvention of controls and a platform for the underworld, but could the decentralised and transparent nature of the technology transform the gaming landscape as it promises? We asked two of the world's leading experts on blockchain gaming if it has finally come of age