Rank Group has reported a 10% increase in net gaming revenue for the second half of 2019.<\/p>\n\n\n\n\n\n\n\n
UK.-\u00a0Rank Group<\/em><\/strong>\u00a0has released its financial report detailing operations for the second half of 2019. During the six-month period, Rank Group registered a 10% year-on-year increase in net gaming revenue to \u00a3377.5 million.<\/p>\n\n\n\n Digital net gaming revenue rose 14% to \u00a365.2 million, while Grosvenor Casino\u2019s net gaming revenue increased 15% to \u00a3198.1 million. On the other hand, Mecca Bingo experienced a 1% stack to \u00a389.6 million.<\/p>\n\n\n\n Underlying operating profit jumped 70% to \u00a355.1 million, and the forecast for the following six months is likely to be between \u00a3105 million to \u00a3115 million.<\/p>\n\n\n\n Rank Group CEO John O\u2019Reilly said: \u201cThe revenue growth in our digital business and across our Grosvenor and Enracha venues shows that we are moving in the right direction in key areas of our business. We remain on track and are confident in our ability to deliver operational and financial improvements underscored by a relentless commitment to delivering exciting, entertaining and safe gambling environments and experiences for our customers.<\/p>\n\n\n\n \u201cThe successful integration of Stride into our business will ensure that we benefit from strong synergies, proprietary technology and a first-class digital team, all of which will position us well for the second half of the year. These are a good set of numbers and are a testament to our committed and talented colleagues across the Group who have worked hard to deliver them.\u201d Rank Group has reported a 10% increase in net gaming revenue for the second half of 2019.<\/p>\n","protected":false},"author":2,"featured_media":2365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Rank Group reported a 10% increase in H2 2019 net gaming revenue to \u00a3377.5 million, driven by strong digital growth (+14%) and Grosvenor Casino performance (+15%). Underlying operating profit surged 70% to \u00a355.1 million, with a positive forecast for the subsequent six months. The CEO highlighted successful Stride integration and ongoing operational improvements as key drivers.","focusai_entities":"Rank Group, Grosvenor Casino, Mecca Bingo, Stride, Enracha, John O\u2019Reilly","focusai_location":"UK","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), compliance_legal (0.7), operator_casino (0.95), product_ux (0.7), tech_data (0.75), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Digital Growth Drivers","query":"What specific digital product enhancements or marketing strategies underpinned the 14% NGR growth in Rank Group's digital segment, and how sustainable are these drivers?"},{"label":"Stride Integration Synergies","query":"Beyond the 'strong synergies' mentioned, what are the quantifiable financial and operational benefits realized from the Stride integration, and how will its proprietary technology be leveraged across the Group's verticals?"}],"footnotes":""},"categories":[16331,2234,163],"tags":[3019],"class_list":["post-3109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-emea","category-finance-news","tag-uk"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3109"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3109\/revisions"}],"predecessor-version":[{"id":777008299,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3109\/revisions\/777008299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2365"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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