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Rank Group Half Year 2016 financial report
Saturday, January 30, 2016 : RANK GROUP PLEASED WITH HALF YEAR RESULTS
Digital shows strong growth ahead of first quarter overhaul.
In its Half Year 2016 financial report, London-listed Rank Group said it was pleased with the company’s progress over the six month period ending December 31, 2015, highlighting strong growth in digital revenues which were up 14 percent.
Other key highlights included 5 percent growth in group revenue to GBP374.2 million and an increase of 11 percent in group profit of GBP 46.1 million, which excludes remote gaming duties (RGD).
Ranks Grosvenor Casinos business delivered a 7 percent increase as Mecca’s retail bingo business reported a 2 percent growth in revenue on a like-for-like basis.
"I am very pleased to announce a good set of results with like-for-like revenue growth across all brands and channels,” Henry Birch, chief executive of The Rank Group Plc said. “Even with the impact of RGD we have delivered growth in both adjusted EPS, up 4%, and dividend, up 13%."
"2016 will see us deliver significant new platforms, new functionality and new products - including a new digital platform, a new retail casino management system, new poker and sports betting products and a new retail bingo format - all of which will drive improvements across our company.
“It is extremely encouraging that ahead of these changes, we are continuing to grow all parts of our business. In particular, it is very pleasing to have grown Mecca's retail bingo business, on a like-for-like basis, both at the top and bottom line, giving us renewed confidence in its future."
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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