Rank reports £216.1m quarterly revenue as CEO warns against tax increases
By SectorWire desk · · Updated
Summary
Rank Group RNK · GBp 75.80 2026-10-16 Data’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.
Why it matters
Investors face Rank’s warning that further machine-duty increases could affect venue viability, employment and investment.