Rank reported a 3% fall in visits to its Mecca bingo halls. Its Spanish subsidiary recorded a 7% like-for-like rise in net revenue for the quarter; the text does not identify which quarter.
The figures indicate differing trading trends across Rank’s bingo venues and Spanish subsidiary.
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Rank Group chief executive Richard Harris warned that higher gambling taxes could threaten bingo halls and casinos in Britain. The company reported gaming revenue of £835 million for the year to June 2026, up 5%, while profit after tax fell 23% to £29.9 million. Rank said any increase in Machine Games Duty could reduce venue viability and tax receipts within 12 months.
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.
Sportradar and Flutter both cut guidance in the week of 3 to 7 August, a period that saw declines across European gambling stocks. Rank's shares continued to recover over the same week, the outlet reported.
Reportedly, Sportradar shares fell 6.93% to $14.38 in the week to 17 July 2026, as litigation notices kept the securities case in view. Entain rose 1.45% and Rank gained 1.38%, while Playtech and Flutter also declined.
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.