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Rank Group plc Fiscal 2015 Report
Thursday October 15,2015 : RANK REPORTS GOOD START TO FISCAL 2015
Digital division delivers strong performance, with mobile channel now contributing 50 percent of digital revenues.
Online and land gambling firm Rank Group plc and posted its interim management statement for the 15 weeks to 11 October 2015, with CEO Henry Birch commenting:
"The Group has had a good start to the financial year. We are seeing a continued strong performance from our Grosvenor Casinos brand, particularly in its digital channel and London casinos, as well as an improving admissions trend in our Mecca venues combined with good growth in Mecca's digital business."
Birch says that the company continues to work on five strategic priorities, with the development of a new digital platform on track for launch in Q1 2016 at the top of the list.
"Venues revenue growth has been driven by a combination of increased admissions, staking levels and an improved win margin," Birch revealed, noting that London has seen strong growth in revenue, up 19 percent compared to 6 percent in the provinces.
"VIP activity in London has helped drive a strong win margin in the period, up by over two percentage points on last year's equivalent win margin. We are pleased to see good growth in our provincial clubs, with increased staking levels and good slots growth driving a 6 percent increase in revenue," Birch reported.
"Grosvenor digital revenues increased 56 percent in the period driven by improvements in VIP management, continued growth in our customer base following cross-sell from our venues and strong growth from our mobile products.
"Venues like-for-like revenue grew by 2 percent with an increase in spend per visit offset by a reduction in customer visits, although the rate of decline in admissions has continued to slow (1 percent versus the 3 percent seen for the whole of 2014/15). Total revenues fell by 2 percent following the closure of a number of clubs in the last 12 months.
Birch reports that Digital revenues in the 15-week period rose by 10 percent, with mobile accounting for over 50 percent of revenue in recent months.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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