The owner of the UK’s Grosvenor Casino brand, Rank Group, has publicised an interim management report, indicating that like-for-like revenue from its casino business grew by four per cent in the 19 weeks to May 8.
Combined with income derived from its Mecca Bingo division, overall revenue at the company grew by three per cent.
Cashflow from the Grosvenor side was given a major boost in the form of a new digital platform – which helped the brand’s digital arm once again completely eclipse bricks-and-mortar growth, with a 35 per cent surge in income. With digital revenue taken out of the equation, Grosvenor’s business throughout the period grew by two per cent on the PCP.
Rank Group CEO Henry Birch remarked: “I am pleased with the group’s performance during this period. We have seen continued likefor- like revenue growth across all of our brands and the performance in our Grosvenor digital business has been particularly encouraging.”
He added: “During the period we launched our new digital platform which was delivered both on time and on budget. This is an important development for the group and we look forward to the benefits the increased functionality will bring.”
A forward-looking statement on behalf of Rank’s board of directors said that the company expected a full-year performance in line with its earlier expectations, which foresaw ongoing likefor- like gains as a result of its “strong financial position.”