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ORE CUSTOMER VISITS BUT LESS SPEND AT RANK PLC
Written On 4/14/11 By Recentpoker.com staff writer Jennifer Jearu :
But Brit gambling group reports good performance from its internet operations
The UK internet and land gambling company Rank Group plc has issued a trading update on the first 15 weeks of 2011, reporting that revenues grew 2 percent, with Rank Interactive and Mecca Bingo both achieving strong growth in revenues.
Rank Interactive did particularly well, with internet revenues up 23 percent and both Meccabingo.com and Bluesquare.com performing beyond expectations. Bluesquare increased its sportsbetting revenues by an impressive 40 percent, whilst Meccabingo.com boosted revenues through a successfully launched iPhone app in February.
Mecca Bingo revenue improved by 4 percent in the 15-week period as a result of a 4 percent growth in spend per visit.
However, the land casino operations in the Grosvenor Casino division produced disappointing results with an unusually low win margin, and Top Rank Espana was negatively impacted by the introduction of a full smoking ban in Spain at the beginning of the year.
At Grosvenor, there was a 12 percent rise in customer visits, but an 11 percent fall in average customer-spend.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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