Ep 086: UK ‘old boy’ Rank eyes its transformation and comeback

Publishing its full-year 2022/2023 Financial Results recently, Rank Group, the old-boy of UK Gambling scene, told of a ‘Very British Affair’ -  In which its Grosvenor and Mecca venues navigated a year of raising inflation, higher energy costs and the cost of living crisis impacting leisure and hospitality spend.

Yet despite booking £109 million in statutory losses, leadership of Rank is positive that it has overcome home impacts and that it will return to growth and profits in the new financial year for 2023/2024.

Speaking to SBC, written by Ted Orme-Claye, Rank’s CEO John O’Reilly expressed that the firm is a clear winner of upcoming White Paper changes, helping transform its land-based venues through some ‘modernising’ reforms.

So what are the real prospects for UK Gambling’s oldest boy entering a make-or-break 12-month trading period?

This is the question for the latest episode of the iGaming Daily podcast sponsored by SBC Summit Barcelona. Host, James Ross is joined once again by Edward Menmuir and Ted Orme-Claye.

To read more about the topics discussed in today's episode, click the following links:

-https://sbcnews.co.uk/featurednews/2023/08/18/john-oreilly-rank-interview/
-https://sbcnews.co.uk/featurednews/2023/08/17/rank-books-statutory-loss/

Host: James Ross
Guest: Edward Menmuir, Ted Orme-Claye
Producer: MC Killick-Calver, Anaya McDonald
Editor: James Ross

Make sure to like and follow the iGaming Daily LinkedIn page to be kept up-to-date with the latest episodes.

Join 15,000+ delegates at our biggest ever conference and exhibition this summer in beautiful Barcelona! Game-changing content, as well as 4,500 operators, 1,500 affiliates, 450 speakers and 350+ exhibitors, the biggest name keynote speakers anywhere in the industry, an almost 40,000 square metre exhibition floor and world-class networking events every single night. Get your tickets now at https://sbcevents.com/sbc-summit-barcelona/