Rank Group sees significant growth across company brands

The bingo club and casino operator Rank Group has set its sights on further growth as it announced strong set of results and profit growth across all brands in the year to June 30.

Henry Birch, Chief Executive of the Rank Group, announced a full year group revenue amounted to £738.3m ($1.2b), up 4% from the £707.7m posted during the previous 12 months.

The company enjoyed 21% surge in digital revenue, while operating profits in its digital division climbed 14% to £3.1m despite the UK’s 15% point of consumption tax on online gambling that has cost the group £6.6m since its introduction in December.

Rank’s brick and mortar businesses Grosvenor casinos and Mecca bingo clubs also saw growth in revenue, up by 8% to £423.4m and 2% to £289.6 respectively.