Full year profit up 38% Dividend hiked 206% Land-based reforms now live Casino and bingo operator Rank Group (RNK) reported a 38% increase in underlying like-for-like operating profit for the year to 30 June, in line with previously upgraded guidance, and raised its dividend three-fold. Better-than-expected trading and excitement around new land-based reforms coming into effect in July have...

Full year exceeds expectations New gambling rules from 22 July Inflection point reached The UK's leading casino and bingo operator Rank (RNK) spun 4% higher to new 52 week high after giving a positive unscheduled trading update for the year to 30 June. The shares have doubled over the last year driven by positive trading momentum and excitement over the growth opportunity created by new...

Shares in Grosvenor casino and Mecca Bingo operator Rank Group (RNK) are up 60% year to date compared with a 5% advance in the FTSE 250 index. The stock has been buoyed by strong trading through the first nine months of the firm's financial year to the end of June, and the highly-anticipated land-based reforms coming into effect in the summer. A third-quarter trading update (10 April) revealed...

Stapleton exits after mixed stint Henry Birch hops into the hot seat Strong finish to year to March 2025 Shares in Halfords (HFD) rallied 10% to 136.5p in early dealings after the car parts-to-bicycles seller delivered its second profit upgrade in four months following a 'strong finish' to its financial year. But the news that really fueled the share price jump was chief executive Graham...

Strong momentum continued into Q3 Full year guidance maintained Land-based reforms expected in the summer Casino and bingo operator Rank Group (RNK) said strong momentum continued into the third quarter through March with like-for-like net gaming revenue up 10.9% to £195.6 million. Chief executive John O'Reilly commented: 'Since announcing our interim results in January, we have continued to...

First-half revenue up 13%Operating profit up 55%Full year to be ahead of expectationsCasino and bingo operator Rank Group (RNK) said it expects full-year operating profit to be slightly ahead of market expectations after delivering continued strong momentum in revenue and profit growth in the first half to 31 December 2024.The shares responded positively to the update, rising almost 3% to...

Investors have been braced for changes to online gambling regulations aimed at leveling the playing field between land-based operators and online, but very few were expecting the UK Treasury to raid the whole sector to help the government fund its budget deficit.Share prices fell across the board on Monday (14 Oct) following a report by The Guardian that Rachel Reeves was considering proposals...

Treasury could raise up to £3 billion888-owner Evoke most exposedMagnitude of tax hike uncertainGambling shares were sent reeling after a media report said the government was considering doubling taxes from the sector to raise between £900 million and £3 billion of extra funding.Shares in 888-owner Evoke (EVOK) led the fallers, dropping by 14%, closely followed by Ladbrokes owner Entain...

Full-year operating profit doublesLike-for-like net gaming revenue upCompany returns to dividend listShares in Rank (RNK) gained more than 7% to 75p in morning trading as the casino and bingo operator said it would re-start dividend payments after underlying operating profit for the year to June reached £46.5 million, ahead of analysts' forecasts and more than double prior year's £20.1...

Investors in London were not deterred by continuing concerns of higher for longer US interest rates, as stocks were up heading into the afternoon.The FTSE 100 index was 14.38 points higher, 0.2%, at 7,862.37. The FTSE 250 was up 63.75 points, 0.3%, at 19,403.89. The AIM All-Share was up 0.59 of a point, 0.1%, at 743.71.The Cboe UK 100 was a touch higher at 785.28, the Cboe UK 250 was up 0.1%...

Third quarter revenue up 6%Strong showing in Mecca BingoFull year outlook affirmedCasino and bingo operator Rank (RNK) said like-for-like net gaming revenue for the third quarter to 31 March increased by 6% to £182.3 million, with trading continuing to improve in April.Shares in the Grosvenor Casinos and Mecca Bingo operator increased 2.6% to 72.9p and sit around 4% lower than the start of...

Strong rebound in first half like-for-like revenuesAdjusted operating profit surgesGroup poised to benefit from gambling reformsCasino and bingo operator Rank (RNK) demonstrated continued recovery with 9% like-for-like net gaming revenue growth in the first half to £362.6 million and a big improvement in operating profit to £21.7 million.Investors welcomed the positive update with the shares...

Operating profit at top end of previous guidanceLike-for-like revenue up 16% in first six weeksDividends to restart 'as soon as circumstances permit'Casino and bingo operator Rank (RNK) delivered in-line results for the year to 30 June 2023, with operating profit at the top end of its previously-guided £15 million to £20 million range implying a stronger second-half performance.The Mecca...

Casino and bingo operator Rank (RNK) is trading 72% below pre-pandemic levels, and Shares believes the downside now looks limited while the upside from continued normalisation and the benefits from regulatory change could be significant.Big changes are on the cards for the UK gambling sector following publication of the Government's white paper in April which seeks to deter problem gambling...

Shares in Paddy Power, Betfair and FanDuel owner Flutter Entertainment (FLTR) have gained around 80% over the last year, handsomely outperforming the FTSE 100 and UK gambling peers which have registered losses.Rival Entain (ENT) which operates the Ladbrokes and Foxy Bingo brands has seen its shares lose around 15%, while 888 Holdings (888) shares are down around 70% and bingo and casino...

- 2023 profit expected to halve- Slower than expected recovery at casinos- Recent weakness seen at Mecca BingoCasino and bingo operator Rank Group (RNK) issued a profit warning on Friday sending the shares skidding 9% lower to 73.1p and taking the year's losses to more than 50%.Weaker than expected trading at its Grosvenor casinos flagged in October has continued into the year-end driven by...

- Entain reiterates guidance, sees US EBITDA positive in 2023- World Cup and easier comps going into Q4-Rank disappoints as inflationary pressures riseGlobal sports betting and gaming company Entain (ENT) delivered third quarter net gaming revenues to 30 September in line with expectations.Full year guidance was reiterated, and the company highlighted continued momentum going into the final...

- Gambling Review measures less onerous than feared- Rank directly benefits from increased gambling machines- White paper expected in coming weeksThe long-awaited Gambling Review white paper was leaked to The Times newspaper this week and if proven accurate should provide a lift for a gambling sector that had been expecting more stringent measures.Casino and bingo operator Rank (RNK) and...

- Full-year profit expectations slashed by 22%- Fewer high-spending international visitors to London- Lower footfall across estate Casino and bingo operator Rank Group (RNK) slashed its full-year operating profit forecast by around 22% after weaker than expected trading in the third quarter through March continued into the final few months of its financial year ending 30 June.Rank said it had...

Three key factors look set to dominate the UK gambling sector in the coming years: big global dealmaking; a continued shift towards online gaming and an increased regulatory burden.In this feature we take a closer look at the individual stocks in this space and highlight potential winners and losers.We will focus in particular on Flutter Entertainment (FLTR), Entain (ENT), 888 Holdings (888)...