IN BRIEF: Rank hails higher gaming revenue amid regulatory headwinds
Rank Group PLC - Maidenhead, England-based casino operator - Posts like-for-like net gaming revenue growth of 11% to around GBP795 million in the financial year ended June 30. Rank expects underlying like-for-like operating profit of at least GBP63 million, a jump of 35% from GBP46.5 million in financial 2024. Chief Executive John O' Reilly says momentum from the first three quarters has continued. He adds: "We are at an exciting inflection point for the group with the land-based casino reforms now law and coming into force from July 22. At that point, we will begin the process of securing licence variations from local authorities in England and Wales ahead of the rollout of additional gaming machines across the Grosvenor estate to better meet customer demand." The company will publish annual results on August 14. Read More