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Gambling operator, the Rank Group reported full-year like-for-like underlying operating profit of £20.3m in its preliminary results on Thursday - in line with its revised guidance from April, but down significantly from the prior year's £42.5m.
Rank Group is emerging with 'optimism' after a 'challenging couple of years', as the Mecca Bingo owner enjoyed a bump in demand and easing cost inflation in the first half.
Rich Middle Eastern gamblers are being put off spending in the UK by Rishi Sunak’s tourist tax, the chief executive of one of Britain’s biggest casino chains has said.
End of VAT-free shopping blamed for falling trade as rich shoppers shun Britain
So how do you get to be 125? You just keep going as usual; that’s how.