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RankPlc Stock Soaring

4/23/10 - The once seemingly almost moribund UK online and land gambling group Rank plc has staged a remarkable comeback this year, seeing its stock soar 40 percent year to date, outperforming the FTSE All Share Index by 30 percent.
 
The share price at close Wednesday reached almost 118 pence a share, valuing the company at GBP 454 million as the latest results were released. 
 
Management said that strong sales at the Grosvenor Casinos and Rank Interactive subsidiaries underpinned an "encouraging" start to 2010, and that it was confident on full-year prospects.
 
The Mecca Bingo chain has recovered from the effects of cold weather in January, and Top Rank Espana had shown modest growth in spite of the weak economic environment in Spain.
 
Group revenue for the 16 weeks to April 18 was up 4 percent, on a 10 percent rise in total group revenue.
 
"The Group has made a positive start to the year with revenue growth in each of its four businesses and remains confident in the full-year prospects for the Group and in its longer term growth strategy," Rank said in a statement.
 
Management revealed that a new VAT reclaim of around GBP 42 million relating to amusement machines and main stage bingo, and an existing GBP 59.1 million reclaim for interval bingo would now be received later in the year, rather than in the first quarter, as previously expected.
 
Rank plc has 34 land casinos and 103 bingo clubs in Britain, and in February reinstated its dividend after posting a forecast-beating rise in full-year pretax profit, according to the Reuters news service.



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Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

NBA Odds: Wizards-Celtics at the Garden - The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.

A Night With Cleo Pays $180K Progressive Jackpot - We’d like to give a shout out to Juan S. from Texas for joining Bovada on a high note on Thursday May 4.

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