Rank Group hits jackpot with digital offer
The FTSE 250-company keeps focusing on digital, following the acquisition of Stride Gaming PLC completed earlier this month
Company
Rank Group PLC
LON:RNK
Rank is a leading European gaming business, based in the UK and listed on the London Stock Exchange. The Group's principal activities are the operation of bingo clubs and casinos in the UK with complementary on-line gaming and bookmaking services.
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Off the menu - Stride Gaming (LON:STR) - has delisted due to being acquired by Rank Group at 151p per share.
Rank Group returns to growth thanks to digital acceleration
After declining in the first half, underlying operating profit jumped 20% in the second half to produce a total of £72.5mln, a decline of 6% year on year
ShoreCap upgrades Rank to 'buy' as Stride takes digital earnings higher
Casino operator Rank announced agreed 151p per share offer for online bingo specialist Stride last week
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Rank boss John O'Reilly said: “The joining of our businesses will accelerate delivery of Rank's Transformation Plan and create one of the UK's leading online gaming businesses"
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Immotion partners up with casino operator Rank Group
The virtual reality group is putting its new racing simulator in Rank’s Grosvenor casino in Manchester, before rolling out to some of the 53 other UK sites
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Rank Group fined £500K for failing to protect problem gambler who lost £1mln in a day
The customer lost the money at a Grosvenor Casino owned by Rank
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UK digital was one of the few bright spots in the year just ended. Meanwhile, the recent heatwave in Britain has done the group no favours
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