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Rank Group H1 revenue falls 55% as operator posts £48.6m loss 28th January 2021 | By Conor Mulheir The Rank Group saw revenue fall 55% in the first half of its 2020-21 fiscal year, with land-based closures resulting from novel coronavirus (Covid-19) exacerbated by the impact of new social responsibility measures on digital revenue. Underlying like-for-like net gaming revenue in the six months to 31 December 2020 came to £156.9m, down 58% year-on-year. This does not factor in the acquisition and integration of Stride Gaming, new venues and permanent venue closures. Of this total, £66m came ...

28 January 2021 | 09:04am StockMarketWire.com - Casino operator Rank has reported a half year operating loss of £52.9 million pounds, owing to Covid-19 restrictions. The group's half year results reveal net revenue minus prize payments was £177.6 million, a 55% drop from the comparative period of 2019/2020. 'The ever-changing restrictions, coupled with curfews, which in particular have a seismic impact on our Grosvenor venues, have resulted in an exceptionally challenging first half for the group,' Rank Group CEO, John O'Reilly, said. 'There continues to be uncertainty looking ahead, par...

Rank slumps to loss and warns trading will not fully recover until mid-2022 January 28 2021, 10.57am Mecca Bingo and casino owner Rank Group has warned trading at its venues is not likely to recover until the middle of next year as the pandemic sent it swinging to a half-year loss. Mecca Bingo and casino owner Rank Group has warned trading at its venues is not likely to recover until the middle of next year as the pandemic sent it swinging to a half-year loss. The group slumped to a £59.4 million pre-tax loss for the six months to December 31 against profits of £48.2 million a year ago as...

Top UK Stocks to Watch: US consumers remain thirsty for Diageo drinks Joshua Warner January 28, 2021 9:52 AM Diageo proves resilient as pubs and restaurants remain closed while Britvic sells where it can, airlines easyJet and Wizz Air continue to struggle, and Tate & Lyle is set to post a rise in profit. Share: Top News: Diageo ups dividend as pandemic weighs on results Diageo said sales and earnings took a hit in the first half of its financial year a...

This period of enforced togetherness has broken some couples and turbocharged others