Digital Performs Well For Rank's Grosvenor Casinos

DIGITAL PERFORMS WELL FOR RANK'S GROSVENOR CASINOS

15th May, 2014 at 04:16:00
Source: http://www.azonlinecasinos.com

Latest IMS shows a 54% increase in revenues.

The Rank Group plc's interim management statement for the 19 and 45 weeks to 11 May 2014 shows major improvements in digital performance in the Grosvenor Casinos division, with revenues up 54% and 42% respectively in the 19- and 45-week periods.

Digital performance in the bingo environment at Mecca did not achieve similar success, declining 8% in the 19-week period and 5% year to date.

On a group basis, Rank management announced that for the 19 weeks to 11 May 2014 revenues grew by 19 percent, with like-for-like revenues down 1 percent. For the 45-week period total revenues increased 17 percent, but like-for-like revenues were down 4% "....as a result of the challenging and highly competitive trading environment."

Henry Birch, chief executive of The Rank Group Plc, commented:

"I am pleased to report that since H1 the group's performance has shown an improvement in both total and like-for-like revenues. The investment in our Grosvenor Casinos venues and our continuing focus on providing value for money in our Mecca venues are helping deliver this improvement."

The board anticipates operating profit for the full year to 30 June 2014 to be line with management's expectations.

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