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Gambing : RankPlc : Revenue up profits down
Marketing investment cuts into operating profits
Despite a 10 percent rise in half-year 2010 revenues to GBP27.4 million, UK land and gambling group Rank plc reported a 23 percent decline in operating profit to GBP2.3 million this week.
Management attributed the decline to marketing investment and product development, together with Italian and Spanish market start-up costs of GBP300 000.
Strong performers in the half year to end June were Mecca Bingo and the relaunched Gcasino brand, which continued to show encouraging growth.
Mecca Bingo recorded revenues up 20.7 percent to GBP19.8 million, thanks to bigger marketing investment that included a deal with Britain's Got Talent, a GBP700 000 television advertising campaign and improved cross-selling to customers from Mecca Bingo clubs.
Casino revenue rose 25 percent to GBP3 million, albeit from a low base, mainly as a result of cross-selling the online offering to customers of Rank’s land-based G Casino and Grosvenor Casinos.
Blue Square sportsbook revenues declined 18 percent to GBP3.6 million despite the football World Cup during the latter half of June, reflecting a diversion of marketing spend to MeccaBingo and GCasino.com.
Poker operations again produced a lacklustre performance, with revenues down 41 percent to GBP1 million, again a consequence of marketing being diverted, although sector-wide declines in the genre were also a factor.
Gambling News :
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.
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.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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