Rank Group, listed on the London Stock Exchange, has reported a notable 12% increase in its UK casino and digital gambling revenue, indicating a robust recovery.

• The company’s Grosvenor venues and digital platforms, including Grosvenor and Mecca, showcased double-digit growth, further solidifying Rank Group’s market position.
• The digital sector led the charge with an impressive 15% rise, while the venue net gaming revenue followed with a 10% increase, illustrating strong consumer engagement.
• These results came amidst Rank Group’s broader strategy to strengthen and sustain its business operations, buoyed by customer satisfaction with recent improvements.
• Anticipation is high for the upcoming legislative reforms in 2025, which CEO John O’Reilly believes will further enhance the company’s prospects.

Rank Group, a prominent name in the UK gambling sector, has successfully navigated through challenging market conditions to report a 12% increase in its overall net gaming revenue (NGR), reaching £197.4 million. This financial outcome reflects the strategic initiatives undertaken by the group to bolster its position following the reopening of its physical venues.

The Grosvenor casinos and the Mecca digital platform have become significant contributors to this growth, with the former experiencing a 21% surge and the latter achieving a 23% increase in NGR. This underlines the effectiveness of Rank Group’s dual focus on enhancing its land-based offerings and expanding its digital presence.

According to CEO John O’Reilly, all of the company’s business units have demonstrated commendable performance. He stated, “With all business units performing well, the double-digit growth in our Grosvenor venues and UK digital business is particularly encouraging, with customers clearly enjoying the improvements we are making across our land-based estate and to our digital offering.”

Rank Group, headquartered in Maidenhead, manages 152 sites across the UK, primarily through its well-known brands Mecca Bingo and Grosvenor casinos. The group announced a return to profitability in August, surpassing previous forecasts with a 9% year-on-year growth in net gaming revenue, which reached £734.4 million by the end of June 2024.

The firm’s strategic outlook is bolstered by the legislative reforms anticipated for 2025, which are expected to further strengthen land-based operations. This optimism is shared by CEO O’Reilly, who sees these reforms as pivotal in enhancing the group’s competitive edge within the industry.

Rank Group’s substantial growth in the casino and digital gambling sectors underscores its strategic resilience and positions it well for future legislative changes.