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Mecca owner Rank slashes guidance after weak March

Mecca bingo’s parent company has cut its earnings targets after it saw customer numbers weaken across its venues last month. Rank Group saw shares drop after bosses said this weaker performance continued into the start of April. John O’Reilly, chief ...

21 Apr 2022 at 14:25

City

Mecca Bingo owner Rank warns over sliding profits

Bingo and casino firm Rank Group has warned over profits after the World Cup and colder weather kept customers away from its venues. The Mecca Bingo operator saw shares slide in early trading on Friday after it told investors that profits are set ...

16 Dec 2022 at 09:02

City

Mecca Bingo owner Rank slumps to loss as costs surge, but cheers festive rebound

Mecca Bingo owner Rank Group has revealed it tumbled into the red with losses of more than £100 million in its first half, but said trading had been strong over Christmas and the new year. The group reported pre-tax losses of £107.1 million for ...

26 Jan 2023 at 10:25

City

Mecca Bingo firm Rank faces £34m energy bill hit amid ‘challenging’ backdrop

Bingo hall and casino firm Rank Group has reported a surge in energy costs and weaker customer spending at its casinos. Shares in the company fell in early trading as bosses said they expect “challenging” conditions to continue “in the months ...

13 Oct 2022 at 09:56

City

Mecca bingo firm Rank prepared for ‘tougher autumn’ amid cost crunch

The boss of Rank Group has said the casino and bingo hall company is braced for a “tougher autumn” as rocketing household bills threaten to hit spending. The Mecca Bingo owner saw shares dip on Thursday morning after it warned that inflation ...

18 Aug 2022 at 13:17

City

Older customers cautious over return to bingo halls says Mecca owner

The boss of Mecca Bingo’s parent company has said it must be “patient” over the recovery of its venues amid continued caution among its older clientele despite the easing of coronavirus restrictions. John O’Reilly, chief executive of The ...

27 Jan 2022 at 11:55

City

Ladbrokes owner improves guidance after Euro 2024 and NFL boost

Betting giant Entain has improved its guidance after stronger-than-expected trading in the latest quarter, boosted by the Euro 2024 football tournament and NFL matches. The Ladbrokes and Coral owner said it was boosted by a recovery in ...

17 Oct 2024 at 12:48

City

Mecca Bingo owner returns to profit as it targets under-35s with club nights

The owner of Mecca Bingo and Grosvenor Casinos has returned to profit as it enjoyed more tourists and targeted under-35s with club nights and cheaper drinks. Rank Group said it was doing much better after a difficult few years ...

15 Aug 2024 at 12:35

City

Slow casino recovery sees Mecca bingo owner Rank slash earnings outlook

Mecca bingo owner Rank has seen shares plummet after it warned over profits for the second time in three months due to soaring costs and a slower-than-expected recovery in its casino arm. Shares tumbled by nearly a fifth on ...

20 Jun 2022 at 09:43

City

Mecca Bingo owner shakes off post-Covid slump as players spend more

The owner of Mecca Bingo has said more people have visited its bingo clubs and spent more money as it shakes off its post-pandemic woes and enjoys a boost in online players. Rank Group, which also owns casino chain ...

18 Apr 2024 at 11:04

City

Gambling firms see shares hit on Budget tax raid fears

Gambling firms have seen their shares tumble amid fears the Government is planning to double some of the taxes paid by online casinos and bookies in the forthcoming Budget. Ladbrokes and Coral owner Entain led ...

14 Oct 2024 at 11:43

City

Mecca Bingo owner boosted by wetter summer weather

The owner of Mecca Bingo has said that it benefited from wetter weather this summer, which pushed people into its centres. Rank Group said that net gaming revenue at Mecca had increased by 17% since the start ...

17 Aug 2023 at 08:03

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