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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.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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