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Strong Growth For Gambling Group Rank Plc
Friday, October 21,2011 : Strong Growth For Gambling Group Rank Plc
The Rank Group plc (Rank) announced its interim results for the 16 week period to October 16, 2011, posting strong growth in its online and mobile gaming divisions.
Key online performance indicators include:
- Rank Interactive revenue growth of 21 percent attributable to strong performance from Mecca Bingo.com.
- Rank achieved strong growth in mobile gaming with revenues nearly trebling compared with the same period last year. Mobile gaming now accounts for 6 percent of Rank Interactive’s revenue.
The company overall posted flat revenue growth for the period which was attributed to lower attendance at its Mecca Bingo halls, lucky punters at its Grosvenor Casinos and its Spanish operation Top Rank España continuing its struggle, 19 percent down from the same period last year.
A statement from Ranks board said: “The Board is encouraged by the increasing popularity of the Group’s UK brands, with operational improvements driving growth in customers across Grosvenor Casinos and Mecca Bingo. While the outlook for the UK consumer in 2012 seems likely to be more challenging, Rank is in a strong financial position, possesses market-leading brands with multi-channel distribution and has a clear strategy for sustained long-term growth.
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Gambling News :
Betsoft Gaming In Deal With SuprNation -
Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.
Ladbrokes New SPonsor of The Hennessy Gold Cup -
The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.
Ladbrokes Appoints Annemarie Durbin -
Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.
Olympus Slot Pays $210k Jackpot to USA Player -
“I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”
Divine Fortune SLot Launches -
NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.
2 Huge Wins at Bovada Casino -
Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.
China Internet Clean Up Campaigns -
The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:
AOPA to campaign for poker to be left alone -
The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.
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