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Rank warns UK tax rises could threaten bingo halls and casinos

Deals & M&A

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 warns higher gambling taxes could threaten venue viability and reduce tax receipts within 12 months.

End-of-day close Rank Group (RNK), GBp, to 1 October 2026
Story date3 July 20261 October 2026

Latest reported results

Rank Group LSE: RNK

Financial year ended 30 June 2026

Revenue
GBP 835.0m
Operating income
GBP 77.6m

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