Rank Group reported revenue of £205.4 million for the three months ended 31 March, up 5% year on year. The company said nine-month revenue reached £625.2 million, while strong third-quarter profit conversion is expected to support full-year underlying like-for-like operating profit of at least £68 million.
Rank’s revenue growth and expected operating profit provide investors and suppliers an update on business performance.
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Rank Group chief executive Richard Harris said the company is seeking to bring its UK venues and online operations closer together as higher taxes weigh on digital gambling profitability. He cited the MyMecca app as an early step and said it had led to a strong increase in digital sign-ups; Rank is also applying a more disciplined approach to investment.
Rank chief executive Richard Harris criticised campaigners lobbying for higher gambling taxes. He said additional duty increases would affect the company's commercial viability.
Rank Group said it closed nine Mecca Bingo venues during FY 2025/26, including eight in June and the Scarborough club in November 2025. The nine sites generated £12.6m in revenue before closing; chief executive Richard Harris said they were loss-making or commercially unviable. Rank had 41 Mecca clubs remaining, while a consultation continued over the future of its Grosvenor casino in Reading.
Rank Group reported like-for-like net gaming revenue of £834.1 million for the year ended 30 June 2026, up 6% year on year, and said underlying operating profit would be at least £76 million. The company also proposed paying £5 million in lieu of a financial penalty following a Gambling Commission investigation into operations from November 2024 to May 2025; the settlement remains proposed.
Rank Group confirmed Richard Harris as its permanent chief executive on 13 July 2026, after he served as interim CEO from 30 January. The company said its board selected him unanimously following a recruitment process; Rank expects full-year like-for-like operating profit of £68m for 2025/26 and has a medium-term target of at least £100m.