Business
January 26, 2023
Rank Group Publishes Interim H1 Results, Warns of High Costs Pressure
In December 2022, UK’s leading gambling company released a trading update that presented a performance overview of the five months that ended on November 30. The update also spoke about the company’s recovery which had been slowed down in the context of the shrinking UK market. Now, the company has published its interim results for […]
Business
December 16, 2022
Rank Group Recovery Slows Down as UK Market Shrinks
The company acknowledged the impact of the increase in the cost of living, which was evident in its UK-facing operations. Releasing its latest report, Rank Group acknowledged that in the five months ended November 30 this year, net gaming revenue (NGR) was up by only 1%, when compared to the same period in 2021. Rank […]
Business
November 24, 2022
Rank Group Names Charles-Jones as Head of Remuneration Committee
Rank Group, a gambling company based in the United Kingdom, has reinforced its team with a new head of its remuneration committee. The one joining the company is Lucinda Charles-Jones who will replace the current committee head, Steven Esom. The new appointee has also been named as the designated non-executive director for workforce engagement. Rank […]
Casino
September 5, 2022
Workers at London’s Grosvenor Casinos to Go on 72-Hour Strike
Grosvenor Casinos across London may remain closed for the Sept 9-12 weekend after workers at the casinos voted in favor of a strike action proposal in demand of better pay. Demanding a ‘Wage They Can Live On’ Commencing at 18:00 GMT on September 9 and running throughout 6:00 on September 12, the strike is set […]
Industry
August 18, 2022
Rank Group: Revenues Rebounded but Challenges Await
Rank Group, a UK-based gambling company, announced that its revenues have returned to 90% of their pre-pandemic levels. However, it is still early to celebrate as the company believes the next few months will be very challenging. Rank Group Expects Tough Times Rank Group, which operates the Grosvenor Casino and Mecca Bingo chains, might have […]
Business
July 28, 2022
Rank Interactive Appoints New Head of HR
Rank Interactive, the online division of UK-based gambling giant The Rank Group, hired Heather Kemp as the company’s new head of HR. Kemp will work for the company’s digital content-focused Gibraltar office. The New Hire Is an Experienced and Versatile Professional Rank Interactive’s new Head of HR is not a novice in the gambling business. […]
Business
June 20, 2022
Rank Group Predicts Weak FY 2021/22 Results
British gambling company The Rank Group announced that it will likely underachieve and fail to reach its operating profit forecasts for the 2021-22 fiscal year. This is caused by the operator’s underperformance in its home market, especially in the latter two quarters of the year. Rank Group’s Business Underperformed Rank Group’s earlier predictions expected it […]
Casino
May 17, 2022
Rank Group Hires GamCare to Deliver Safer Gambling Training
Land-based casino operator in the UK Rank Group announced a new partnership with GamCare that would see safer gambling and social responsibility training delivered to over 1,400 team members. ‘Safer Gambling is a Strategic Pillar’ The agreement of Rank Group, operator of Grosvenor Casinos and Mecca Bingo venues in the UK, with the country’s leading […]
Industry
December 21, 2021
Rank to Appoint Finance Veteran Richard Harris as Group CFO
Land-based casino and bingo operator in the UK Rank Group announced a new addition to its executive team after Richard Harris agreed to become the new group chief financial officer. Extensive Financial Sector Experience Rank Group is appointing the current CFO of estate agency Foxtons Group Harris as its new CFO effective May 1, 2022. […]
Legal
September 1, 2021
UKGC Fines Daub Alderney with $8m, Rank to Appeal
The UK Gambling Commission has imposed an $8m (£5.8m) fine on Kittybingo and Regalwins operator Daub Alderney over social responsibility and anti-money laundering incompliance related to its online offering. Daub Alderney to Pay $8.06m Fine Daub Alderney will pay a $8.06m (£5.85m) fine for breaching the UK Gambling Commission’s rules aimed at preventing money laundering and protecting vulnerable customers. Apart from the financial penalty, Daub Alderney, which runs digital brands […]