NEWS
30 January 2020
Rank Group shows solid growth in half-year report
By Iqbal Johal

Underlying operating profit increased 70% to £55.1m, with the full-year amount – taking into account the forecast for the next six months - expected to be between £105m and £115m.

Digital NGR went up 14% to £65.2m. Grosvenor Casino’s NGR grew 15% to £198.1m, but Mecca Bingo venues showed a 1% decrease to £89.6m.

The group acquired fellow operator Stride Gaming in October for £116m, which accounted for £18.1m of NGR and £1.4m of operating profit.

Rank Group CEO John O’Reilly said: “The revenue growth in our digital business and across our Grosvenor and Enracha venues shows that we are moving in the right direction in key areas of our business."