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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.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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