Thursday, November 30, 2023

Tag: Rank Group

UK taxman’s VAT appeal on FOBTs dismissed

Lorien Pilling GBGC HMRC VAT tribunal comment
The Upper Tribunal has dismissed HMRC’s appeal relating to the VAT treatment of fixed odds betting terminals (FOBTs) - write GBGC’s Lorien Pilling - which could lead to VAT refunds for the UK’s bookmakers.

Rank boosts digital revenue with transformation plan

Rank Group, digital revenue, transformation, financials
Rank Group has reported its revenue for the second six months of 2018 fell 2.5 per- cent to $480.7m, following “venue declines” across its UK Grosvenor sites where takings fell by 3.9 percent. However, the company...

Rank Group acquires Spanish online bingo operator QSB Gaming

Online bingo
Rank Group PLC has acquired Spanish online bingo operator for EUR52 million in cash, as part of the company's expansion plans. "The acquisition of the YoBingo Group expands Rank's digital footprint in Spain,” said Rank Chief Executive John O'Reilly.

Mecca Bingo extends Playtech partnership

Betting Business Mecca Bingo BOB
Rank Group agrees multi-year Playtech Bingo renewal.   Mecca Bingo has agreed terms to renew its bingo and games contract with Playtech, further extending its longstanding relationship with the world’s leading Omni-channel gaming software, systems and services supplier. The multi-year agreement strengthens  a decade-long partnership between the Rank Group and Playtech. Playtech Bingo will retain its position as the exclusive provider of bingo...

Cybercrime tops the ICE VOX agenda for Rank Group’s Director

Betting Business Richard Wade Cybercrime Security
The Director of Compliance and Responsible Gambling at Rank Group, Richard Wade, has been confirmed as the chair of the Cybercrime Security and Regulatory Compliance in Gaming session at ICE VOX.   Richard Wade, one of the industry leaders appearing at February's ICE VOX learning programme, has acknowledged the challenge facing the gaming industry if it is to keep one step...

NYX Gaming’s OGS goes live with The Rank Group

Betting Business NYX Gaming Group Rank
The NYX Gaming Group has confirmed the launch of its titles across The Rank Group brands including Grosvenor Casinos and Mecca Bingo.   NYX Gaming Group has announced the go-live of casino content to The Rank Group Plc. Rank brands Grosvenor Casinos & Mecca Bingo have licensed NextGen Gaming content via NYX’s Open Gaming System (OGS) with the first games already...

Global online gambling wagers to approach $1tn by 2021

Betting Business Juniper Research online gambling
The value of online gambling wagers will soar from just over $550bn (E490bn) this year to nearly $950bn (E850bn) by 2021, according to new data from UK-based Juniper Research. Juniper’s latest research found that gambling activities were increasingly migrating to the online environment, with the majority of net growth attributable to users of mobile channels. It also argued that new...

888 Holdings and the Rank Group may team up for William Hill bid

Consortium William Hill Rank Group 888 Holdings
The two gaming groups have formed a consortium for a potential takeover of the bookies, but confirm that no formal approach has been made.   888 and Rank have confirmed that they have formed a consortium for a potential £3bn (E3.6bn) joint buyout of William Hill, after the departure of the firm’s CEO James Henderson last week, amid allegations he failed...

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...