Published
OnlineLand-BasedCasinoBingoFinancial

Rank Group up 2% in Q3 thanks to online betting surge

The

Bingo
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.
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...