Rank Group announce latest results with London star performer
The Rank Group which operates Grosvenor Casinos and Mecca bingo along with also having an online presence have announced their 15 week results for the year ending 11th October, the gambling firm said that total revenues grew by 7%.
With 12% of the revenue growth coming from their casino division Grosvenor and 1% from Mecca their bingo brand. Like-for-like revenue for the group in the period was up 8.0%, with 12.0% growth from Grosvenor and a 3.0% rise at Mecca.
Online revenues rose by 56% for the period but the main performer was the companies London casino division that saw revenues rise by 19% compared to that of its regional casinos of 6%. Mecca venue revenue fell 2.0% in the period, while digital revenue was up 10%.
“The group has had a good start to the financial year. We are seeing a continued strong performance from our Grosvenor Casinos brand, particularly in its digital channel and London casinos, as well as an improving admissions trend in our Mecca venues combined with good growth in Mecca’s digital business,” said Henry Birch, Rank’s chief executive.