Finance

Five things we learned from Rank’s financial results

John O’Reilly was in a bullish mood despite Rank Group registering a 55% drop in revenue in H2 2020 as its venues remain closed for the foreseeable future, but is there light at the end of the tunnel for this UK gambling stalwart?

Rank Group announced a 55% year-on-year drop in net gaming revenue for the second half of 2020, due in part to the extended closure of its venues-based business, which accounts for 78% of the operator’s total revenue, as part of coronavirus lockdown measures. Speaking about the impact of the pandemic on the business, Rank Group…

Finance | Grosvenor Casinos | H2 2020 | John O'Reilly | Mecca | Rank Group | Stride Gaming | United Kingdom

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