The Rank Group has reported like-for-like NGR for the year to 30 June rose 11 percent to £795.3m, with LFL operating profit increasing 38 percent to £63.7m, thanks to growth across all segments of the business, including both Mecca and Grosvenor. A great British revival indeed: from rank bottom to top Rank – the father of UK gaming and gambling has a new lease of life.
The Rank Group has reported like-for-like NGR for the 2024/25 year increased 11 percent to £795.3m, with all business segments showing growth, including land-based bingo.
Like-for-like operating profit was up 38 percent to £63.7m, while statutory group operating profit more than doubled from £29.4m to £67m thanks to a programme of venue investment.
“We have had another successful year, delivering revenue growth and profit ahead of our expectations,” said CEO John O’Reilly. “Both online and in our venues the customer reaction to the investments we are making in our businesses has been excellent.
“We are growing profitability and have a strong net cash position which will enable both continued investment and progressive dividend returns for our shareholders.”
Mecca venues grew NGR by 5 percent on a LFL basis, supported by “selected investments in gaming machine areas and external signage schemes” across the group’s “ever-improving estate of 50 venues with strong bingo liquidity.”
“Our bingo businesses continue to strengthen as we invest in the quality and value of the customer offering,” added O’Reilly.
Revenue from Rank’s Grosvenor casino business also rose 14 percent, with average NGR per week reaching £7.3m for the period, up from £6.3m in the prior year.
The group added a prediction that Grosvenor can deliver “an underlying rate of £8m NGR per week,” thanks to continued improvements in product offering, customer risk management systems and further enhancements in the quality of the customer experience.
“With the long-awaited legislative reforms for casinos now delivered, the Group is at an exciting inflection point.”
Full house
John O’Reilly said… “Our bingo businesses continue to strengthen as we invest in the quality and value of the customer offering…
