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Rank Group Shows Increase in Financials


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Leading UK gambling corporation, the Rank Group, has posted its interim
financial for 2011, which showed close to a four per cent increase in its
revenues to £589.9 million and a 6.5 percent increase in it adjusted profits
before tax to £58.8 million, year-on-year.

The gaming giant also disclosed an operating profit of £64.1 million for 2011 –
before exceptional items, which was a £2.1 million increase from 2010.

Rank Owns Land Casinos, Bingo Halls and Internet Sites

Rank Group, which owns and operates a string of land casinos including the
Grosvenor Casinos chain and leading online gaming sites – including online bingo
casino MeccaBingo.com and online sportsbook BlueSq.com – showed earnings for the
year before EBITDA of £100.9 million, which marked a 9.3 percent increase
year-on-year.

Said Rank Chairman Ian Burke, ‘During 2011 we have continued to deliver growth
in earnings per share while strengthening our financial position and delivering
a high quality value for money gaming experience to our customers.

‘Our UK brands, whose reputation has been built across a portfolio of high
quality venues, are increasingly being complemented by improving websites and
mobile applications.’

In order to increase its market share in the lucrative UK land casino market,
Rank has been is reportedly in late-stage negotiations with UK competitor the
Gala Coral Group to acquire its land casino operations for the sum of £250
million.

Rank, which is headquartered in Maidenhead, disclosed that its operating
profits, revenues and customer base for the six and twelve months ending
December 3, had dramatically increased, with its Grosvenor G Casinos delivering
a particularly robust performance.

Ranks Customer Satisfaction Scores Rose 6%

The company’s customer satisfaction scores rose by a notable six points to 51
percent across its entertainment gaming-focused brands, while its balance sheet
shows net cash of £25 million and a total debt of £123.4 million.

‘While we
remain cautious on the consumer environment, the strength of the Group’s
financial position along with a portfolio of well-regarded brands presents a
strong platform to build on,’ said Burke.

Rank Group’s four main business centres are Mecca Bingo (over 100 bingo clubs
throughout the UK), Grosvenor Casinos (Grosvenor Casinos and G Casinos), Top
Rank España (11 bingo clubs across Spain) and Rank Interactive (Bluesq.com and
meccabingo.com).

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