By SectorWire desk ·
The report said that Rank chief executive Richard Harris opposed further gambling duty increases. He said additional rises would materially affect commercial viability.
The statement identifies commercial viability as Rank’s concern over further tax increases.
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Casino executives warn a possible duty increase would weaken venue viability and future investment.
Investors face Rank’s warning that further machine-duty increases could affect venue viability, employment and investment.
The settlement adds audit and investigation-cost obligations alongside the payment, while recognising the operators’ cooperation and remedial work.
The results combine higher shareholder distributions with lower statutory profit.
Rank’s results show revenue and underlying profit growth despite the initial tax impact.