Friday, January 28, 2022

Tag: rank

HMRC ‘carefully considering’ Tribunal decision on VAT refunds as days to appeal count down

HMRC VAT offices tribunal appeal
By Thursday, HMRC will be past the half-way point of the allocated time-frame of 56 days to appeal the First Tier Tribunal decision in the Rank versus HMRC case. Last week, though, the tax office updated Coinslot of its position regarding an appeal, stating: “We are carefully considering the FtT decisions before deciding on next steps.”

Rank Group quarterly revenue drops 72 percent

Rank records worst quarter revenues
Rank recorded one of its worst quarters as land-based operations saw revenues drop 98 percent for the opening three months of the year. And the gaming giant had no doubts how this happened, citing “illogical” goverment responses to Covid. “Clumsily and inadvertently caught up in misdirected measures”, CEO John O’Reilly has moved on from the blame game. Focus is now fixed firmly on May 17.

One billion plus at stake: Latest VAT ruling opens the door for closure on tax position on gaming machines

oyal Courts of Justice HMRC VAT
The dust will never settle long on the battle between HMRC and the gaming industry over VAT due on S16/21 and S31/34 machines from twenty years ago.

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...

Orders behind borders: Rank plans No Deal menu at venues

Rank has announced preparations for a “Brexit menu” at its Mecca Bingo and Grosvenor Casino venues, relying solely on UK and non-continental ingredient

Never mind the rhetoric: Underage statistics are headed the right way, say Rank executive

hospitality jobs
Taking the stand at last month’s parliamentary talks on kids and gambling, the Rank Group’s David Williams laid out core stats which drew a very different picture to that of the familiar “depressing” and myopic media narrative. Last month the Rank group took the opportunity in addressing legislators to set the record straight on core issues regarding the characteristics of...

Rank appoints new CFO

Rank appoints CFO
Mecca Bingo and Grosvenor Casino operator the Rank Group has appointed a new chief financial officer in the form of former Experian executive Bill Floydd. Floydd will step into the shoes of Clive Jennings - who left the company this August after 18 years of service. The language surrounding Jennings’ departure followed the polite “pursuing other opportunities” template, but Rank’s...

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,...

Mecca Bingo staff help charity hit £1.8m

Staff at Mecca Bingo clubs across Britain have enjoyed a well-deserved celebration after making their contribution to a national campaign that has raised £1.8m for the Carers Charity. Mecca Bingo employees across the country have been celebrating after raising £1.8m for the charity Carers Trust. The Rank Group, which owns Mecca and Grosvenor Casinos, began its partnership with Carers Trust...

Mecca Bingo confirms £145m winnings payout to customers

Coinslot Mecca Bingo rank
Mecca Bingo has paid out £145m in prize money to customers playing in its clubs over the last 12 months - an average of £390,000 per day.   And the company, not surprisingly, are proud of their achievement. “To pay out more than £145 million in prize money to our customers in just one year is fantastic,” said Caroline Webb, spokesperson...