12th May 2016 07:06
LONDON (Alliance News) - Casinos and bingo halls operator Rank Group PLC on Thursday said like-for-like revenue grew in the 19 weeks to May 8 and it anticipates meeting its expectations for the full year.
Rank, which runs the Grosvenor Casinos and Mecca Bingo brands, said like-for-like revenue for the period grew 3.0%, with 4.0% growth from Grosvenor and 1.0% growth at Mecca.
Total revenue for the period rose 2.0% year-on-year, up 3.0% at Grosvenor and down 1.0% at Mecca. Digital revenue for the period rose 6.0%.
"I am pleased with the group's performance during this 19-week period. We have seen continued like-for-like revenue growth across all of our brands and the performance in our Grosvenor digital business has been particularly encouraging," said Chief Executive Henry Birch.
"During the period we launched our new digital platform which was delivered both on time and on budget. This is an important development for the group and we look forward to the benefits the increased functionality will bring," he added.
Shares in Rank were up 2.4% at 243.00 pence Thursday morning, shortly after market open.
By Sam Unsted; [email protected]; @SamUAtAlliance
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