Friday, September 25, 2020

Tag: Rank Group

Bingo players are getting younger as Covid fears keep 70-year olds at home, states Rank boss

Rank CEO John O'Reilly Bingo
According to John O’Reilly, chief executive of Rank Group, the number of Mecca Bingo customers aged 70 has dropped by 60 percent with older players opting to stay at home during the pandemic amid continued health concerns and anxiety as the virus disproportionately impacted older members of society.

HMRC outlines procedures for repayment of VAT monies

HMRC repayment of VAT monies
HMRC has issued its guidance notes to businesses in the gaming, gambling and leisure industries looking to reclaim VAT following the Upper Tribunal’s decision to find in favour of Rank and Done Bros last month. Coinslot includes an extract of the Revenue and Customs Brief which was published on the website on 26 May.

Will Hill eyes £150m FOBT rebate, GVC pushes for £200m

William Hill FOBT VAT rebate
They’re queueing up at the doors of HMRC for that VAT rebate due following the Upper Tribunal’s decision to find in favour of operators over the taxman in..

HMRC expected to drop appeal against decision to return £1bn+ in unfairly taken taxes

HMRC vat not going to appeal
Revenue & Customs are currently finalising their next Business Brief in which they are expected to confirm that they will not be appealing against the Upper Tribunal’s decision in favour of Rank and Done Bros.

Harris undermines her credibility with ill-advised comments on VAT appeal ruling

Carolyn Harris
With small gambling businesses on the brink of bankruptcy throughout the country, mean-spirited APPG head Carolyn Harris MP has bemoaned a court ruling which could see them reclaim more than a billion pounds in VAT - monies that should never have been taken in the first place. Is this latest example of an ill-informed Harris..

Rank steadies the ship with government aid and Linneweber victory funds

Rank Group Mecca Bingo HMRC VAT
A new statement from the Rank Group has praised “tremendous” government relief efforts, which the company says have proved invaluable in shoring up the company through tough times.

Rank Group H1 figures boosted by Stride bingo acquisition

Rank Group figures
Mecca and Grosvenor owner the Rank Group has reported a 14 percent increase in NGR for the last six months of 2019, with the October acquisition of Stride Gaming adding an £18m boost to its half year figures.

Rank sees 10 percent rise in like-for-like gaming revenue

Mecca signage Rank Group
The Rank Group - owners of the Mecca Bingo and Grosvenor Casino brands - has posted a 10 percent increase in like-for-like gaming revenue in the quarter ending 30 September 2019. In the quarter ending 30 September 2019 Rank Group saw its like-for-like gaming revenue increase by 10 percent, with total net gaming revenues up by nine percent. The Group's Mecca...

Rank Group triumph at Women in Gaming awards

Mecca Bingo Rank Group Women
A global judging panel of 23 gambling industry experts have presented Rank Group employee, Kerry Dawes, Inspiration of the Year at the 10th anniversary of Women in Gaming Diversity Awards. The award category was open to all women working...

Rank Group revenue enjoys quarterly rise

Rank Group saw a one percent revenue increase for the three months up to 31 March. Rank Group, owners of the Mecca Bingo and Grosvenor Casino brands, announced the rise as it updated investors on performances during the third fiscal quarter. Whilst Rank Group saw an increase in overall revenue like-for-like revenue for the period remained flat. At the group's Mecca Bingo...

Ian Burke to step down at Rank Group

The Rank Group has announced that Ian Burke is to step down from his role as chairman later this year. The company stated that Ian Burke will not stand for re-election as corporate chairman during an investor update. He has held the role for eight years and will step down as of the Rank AGM on 17 October. Senior independent director...

The Rank Group Plc appoints David Williams as Director of Public Affairs

Rank Group David Williams
Rank is pleased to announce the appointment of David Williams as its Director of Public Affairs. David will take up the newly-created role on 3 December 2018, reporting into Rank’s Chief Executive, John O’Reilly, as the Group continues to bolster its senior leadership team as part of the wider business transformational programme. David joins Rank from the racecourse pool-betting operation, Britbet,...

Acknowledging the need for change in Rank

John O'Reilly
As the Rank Group posts disappointing financials for the past twelve months, its new helmsman John O’Reilly lays out how he plans to right the ship for the years ahead. You have now been in the business for four months, what have been your first impressions? JO: Since joining I have been made to feel very welcome and I have met...

Rank’s profits suffer amidst new regulatory landscape

Business Meeting
The Rank Group’s first raft of financials under the leadership of John O’Reilly see the company’s management facing an uphill battle, as the real impact of the Gambling Commission’s new due-diligence measures on the UK’s landed casino sector starts to be felt Chief executive of the Rank Group and industry stalwart John O’Reilly has insisted that the company is “undervalued”...

William Hill director appointed chief executive of Rank Group

John O’Reilly
Rank Group has appointed William Hill director John O'Reilly as its new chief executive, to succeed Henry Birch next month. O’Reilly brings over 25 years of experience in the betting and gaming industry. O'Reilly previously led Ladbrokes' digital operations, where he was an executive on the board and subsequently launched the Coral brand online. More recently, he was chairman of digital...

Rank issues profit warning ahead of full year results

Mecca Bingo
Rank Group has issued a profit warning ahead of its full-year results as land based operations continued to underperform in a difficult trading environment. In what is always a volatile market, it was casinos that fielded the hit, whilst bingo slipped just two per cent. In a financial statement Rank Group has warned that poor performances from its land based...

Rank Group profits dip after cautious consumer spending

rank group
The Rank Group has warned that lower consumer spending has impacted the number of gamblers visiting its casinos and bingo halls, with the drop in patrons leading to the company forecasting a lower full-year profit and dropping its shares to a more than three-year low.   The group said on Thursday that revenue at Rank's Grosvenor casinos and Mecca bingo venues...

Carers Trust celebrates thanks to Mecca Bingo and Grosvenor Casino

carers trust
Bolton’s Grosvenor Casino and Mecca Bingo reached a fundraising milestone of £1.8m for the Carers Trust.   The Rank Group, which owns both companies, partnered with the Carers Trust in February, 2014. Since then, employees in Bolton have worked to raise money through fundraisers and charity events. Mike Cleary, Mecca Bingo area manager for the North West said: “We’re incredibly proud...

Rank steadies ship in turbulent market conditions

Coinslot Mecca Bingo rank
The Rank Group, which incorporates the Mecca and Grosvenor brands, has posted its half- year results for 2017/18, highlighting overall profit positivity amongst a turbulent land based market.   Rank Group’s financial results for the second half of the 2017 calendar year have shown that an increase in land based efficiency amongst a difficult high street environment and continued growth of...

Digital driving Rank amid a retail reorganisation

The Rank Group, resignation, Alan Morgan, business, people
Rank is proving a resilient feature on both the high street and in the city. But digital is the force that seems to be turning the wheels now.   The Rank Group has released its trading update for the 16 weeks up to 15 October in which it has seen a two percent increase in like-for-like revenue. This was categorised by a...

Luda brand to expand to two new premises

Luda cabinets
Rank, the owner of both Grosvenor Casinos and Mecca Bingo clubs, has confirmed it will be expanding with the launch of two new Luda venues in Weston-super-Mare and Leeds.   Following the initial new brand launch in Walsall Luda premises, which the company says “refreshes the bingo experience and showcases the future of convenience gaming”, Rank will now roll out to...

Mecca Bingo target elusive student market

Leading bingo operator Rank is looking to students and younger people in a bid to boost footfall at its Mecca Bingo sites.
Leading Bingo operator Rank Group is looking to the student and younger people audience sector in a bid to boost footfall at its Mecca Bingo sites. The firm has announced that it is trialing three different event formats aimed at different age groups: students, millennials and 25-45 year olds. “The challenge will be how repeatable the business to these nights is,...

Get the industry in order, or we don’t deserve to flourish says Rank

Coinslot Rank Henry Birch
Rank CEO Henry Birch talks up the prospects for UK gaming, but warns that this success is dependent on society’s favourable view of the industry. The head of Rank Group offered staunch words to UK gaming this week, warning that if gambling addiction is not taken seriously the industry could “go the same way as tobacco.” Speaking to the Cardiff Business...

Rank reveals plans for ‘convenience’ bingo chain

Coinslot Mecca Bingo Rank birkenhead
A new breed of bingo hall may be making its way to Britain’s high streets in the not-too-distant future, as the Rank Group announces plans to unleash ‘convenience bingo’ on the market. Just days after throwing in the towel on its £3.4bn bid for William Hill, the Rank Group has unveiled plans to put its money on the bingo industry,...