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MORE CUSTOMER VISITS BUT LESS SPEND AT RANK PLC
14th April, 2011 at 12:43:44
But Brit gambling group reports good performance from its internet operations
The UK internet and land gambling company Rank Group plc has issued a trading update on the first 15 weeks of 2011, reporting that revenues grew 2 percent, with Rank Interactive and Mecca Bingo
both achieving strong growth in revenues.
Rank Interactive did particularly well, with internet revenues up 23% and both Meccabingo.com and Bluesquare.com performing beyond expectations. Bluesquare increased its sportsbetting revenues by an impressive 40 percent, whilst Meccabingo.com boosted revenues through a successfully launched iPhone app in February.
Mecca Bingo revenue improved by 4% in the 15-week period as a result of a 4% growth in spend per visit.
However, the land casino operations in the Grosvenor Casino
division produced disappointing results with an unusually low win margin, and Top Rank Espana was negatively impacted by the introduction of a full smoking ban in Spain at the beginning of the year.
At Grosvenor, there was a 12% rise in customer visits, but an 11% fall in average customer-spend.
Related News Tags: Grosvenor, Mecca Bingo
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