Strong returns on investment have driven a steep rise in revenue and profit growth for the UK’s Rank Group, who is set to benefit from land-based casino reforms that are now underway.
Rank, which operates the Grosvenor and Mecca brands, saw an 11 per cent increase in revenue, which ws up to £795.3m, up 11 per cent year-on-year with all businesses showing growth.
The Grosvenor casino brand reported double-digit revenue growth in Grosvenor, up 14 per cent with digital up ten per cent. Average NGR per week in Grosvenor was £7.3m, up from £6.3m in the prior year. Continued improvements in product offering, customer risk management systems and further enhancements in the quality of the customer experience support the expectation that Grosvenor can deliver an underlying rate of £8m NGR per week excluding the benefits of the land-based casino reforms.
Transformative land-based casino reforms passed into law in July 2025 will see gaming machine numbers across our 50 Grosvenor venues increase by around 850 in 2025/26, beyond our existing estate of 1,367 B1 gaming machines. Sports betting will be introduced in 38 venues, allowing us to better meet customer expectations and broaden the appeal of casinos.
Digital LFL revenue growth of 10 per cent is in line with the expected eight to 12 per cent CAGR over the medium term. Operating margin has improved materially despite the regulatory headwinds from the Gambling Act Review. The continued benefits of Rank’s proprietary platforms have delivered new apps, products and content consistent with the commitment to offering seamless, cross-channel customer experiences.
Mecca venues grew NGR by five per cent on a LFL basis, supported by selected investments in gaming machine areas and external signage schemes, in an ever-improving estate of 50 venues with strong bingo liquidity. Enracha LFL revenues were up nine per cent with clear evidence that investment in the gaming machine offering is driving customer visits and increased spend in its venues.
John O’Reilly, Chief Executive of The Rank Group, said: “We have had another successful year, delivering revenue growth and profit ahead of our expectations. Both online and in our venues the customer reaction to the investments we are making in our businesses has been excellent. We are growing profitability and have a strong net cash position which will enable both continued investment and progressive dividend returns for our shareholders.
“With the long-awaited legislative reforms for casinos now delivered, the Group is at an exciting inflection point. The Grosvenor business will benefit from the higher gaming machine allocations and the introduction of sports betting which will better meet existing customer needs and increase the attractiveness of casinos to a broader base of consumers. Our bingo businesses continue to strengthen as we invest in the quality and value of the customer offering. Our online business is tracking to the expected 8-12 per cent revenue growth rate as we drive the benefits of our proprietary technology and develop seamless cross-channel experiences for our customers. We have a very strong roadmap of opportunity to build further success for the Rank Group over the coming years.”
“I would like to recognise the exceptional work of my colleagues across the Rank Group whose unwavering commitment to delivering outstanding customer service continues to be the cornerstone of our financial performance.”
The post Rank at ‘exciting inflection point’ with reforms to add 850 slots and sports betting to casino mix appeared first on G3 Newswire.
Strong returns on investment have driven a steep rise in revenue and profit growth for the UK’s Rank Group, who is set to benefit from land-based casino reforms that are now underway. Rank, which operates the Grosvenor and Mecca brands, saw an 11 per cent increase in revenue, which ws up to £795.3m, up 11…
The post Rank at ‘exciting inflection point’ with reforms to add 850 slots and sports betting to casino mix appeared first on G3 Newswire.