Tag: Henry Birch

The Rank Group posts encouraging digital results in half-year report

betting business rank group Henry Birch
The latest half-year results have been announced by The Rank Group Plc, with strong showings across digital operations.   The British gambling company, The Rank Group Plc, has confirmed its latest half-year results with a focus on digital operations and strategic progress in 2017. Rank’s group revenue saw an overall rise of 2% during the period with digital revenue performing strongly with...

Rank and 888 withdraw from William Hill takeover

888 William Hill Rank
Rank Group and 888 have announced the withdrawal of their proposed takeover bid for London-based bookmaker William Hill on 19 August.   Rank and 888 said in a joint statement that they would abandon a possible deal after failing to ‘meaningfully engage with the board of William Hill’. On 14 August, William Hill received a revised £3.1bn (€3.6bn) bid from the consortium,...

William Hill embroiled in valuation row after rejecting second Rank-888 proposal

William Hill sales
A war of words has broken out between William Hill and its two suitors over the valuation of the company, with sources close to Rank and 888 accusing William Hill of “moving the goal-posts”.   William Hill has less than a week to reach an agreement over a potential three-way merger with Rank and 888 after rejecting a sweetened cash-and-stock bid...

Rank eyes a ten percent market share in online casino

Rank Henry Birch
Rank CEO Henry Birch has set his sights on cornering the market with the company’s online casino brand Grosvenor Digital, telling investors that he’d like to up its market share to ten percent after its latest platform launch.   The CEO of UK-based bingo and casino group Rank has set out an “extremely ambitious” plan to secure ten percent of the...