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Grosvenor Casinos, Grosvenor Casinos (GC), Gaming Group, Grosvenor, Mecca, Genting UK
Business and regulatory reporting. Dates show when reports were published; they do not establish when a change took effect or whether a relationship continues.
Rank Group’s first-quarter net gaming revenue rose 5% to £216.1m. Grosvenor casinos and digital operations each grew 6%, while three Grosvenor sites closed because Rank considered them economically unviable. Chief executive Richard Harris warned further Machine Games Duty increases could cause additional closures and job losses; half-year results are scheduled for 28 January 2027.
Rank Group’s first-quarter net gaming revenue rose 5% to £216.1m. Grosvenor casinos and digital operations each grew 6%, while three Grosvenor sites closed because Rank considered them economically unviable. Chief executive Richard Harris warned further Machine Games Duty increases could cause additional closures and job losses; half-year results are scheduled for 28 January 2027.
The report said that Rank Group’s underlying profit reached £78.6m. The group raised its total dividend by 35%, although statutory profit fell and separately disclosed items reached £22.9m.
The report said that Rank Group’s underlying like-for-like net gaming revenue rose 6% to £834.1m in FY2025/26. Underlying profit increased 21% as the business managed the initial effect of tax rises.
Genting UK and Rank executives warned that Machine Games Duty uncertainty threatened investment. Genting UK chief executive Paul Willcock said he might reconsider the £40m Trocadero project if deciding now; Rank chief executive Richard Harris said higher duty would make venues unviable. Rank had closed three venues in Q3 2026, saying they lacked medium-term viability.
Also in this report: Genting UK · UK
The report said that Rank chief executive Richard Harris opposed further gambling duty increases. He said additional rises would materially affect commercial viability.
Three Rank Group casino operators agreed a £5,012,261 payment instead of a fine over money-laundering and player-protection failures, citing the UKGC’s 7 October 2026 announcement. They must also contribute to investigation costs and complete an independent audit within six months of the licence review’s conclusion. The regulator recognised their cooperation and prompt corrective work.
Also in this report: Grosvenor Casinos · Grosvenor Casinos (GC) · Gaming Group · UK
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The settlement adds audit and investigation-cost obligations alongside the payment, while recognising the operators’ cooperation and remedial work.
Investors face Rank’s warning that further machine-duty increases could affect venue viability, employment and investment.
Casino executives warn a possible duty increase would weaken venue viability and future investment.
The results combine higher shareholder distributions with lower statutory profit.
Rank’s results show revenue and underlying profit growth despite the initial tax impact.
The statement identifies commercial viability as Rank’s concern over further tax increases.
Rank Group · LSE: RNK. Share price end-of-day, delayed; not investment advice.
| Financial year | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|
| Revenue | GBP 681.9m | GBP 734.7m | GBP 795.4m | GBP 835.0m |
| EBITDA | −GBP 42.7m | GBP 80.8m | GBP 117.8m | GBP 115.2m |
| Operating income | −GBP 110.4m | GBP 38.7m | GBP 58.2m | GBP 77.6m |
| Net income | −GBP 96.2m | GBP 12.5m | GBP 38.6m | GBP 29.9m |
| Diluted EPS | -0.20 | 0.03 | 0.08 | 0.06 |
| Cash & equivalents | GBP 49.1m | GBP 66.1m | GBP 75.4m | GBP 86.8m |
Figures as reported in each company’s currency; Q4 values for US filers may be derived as full year minus nine months. EBITDA is a company-defined or data-provider measure where shown.
End-of-day, delayed; not investment advice. Data and methodology · All gaming stocks
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