Thursday, November 30, 2023

Tag: Rank

Rank Group looks online after profits slashed by 40 percent

Revenues at Rank’s UK venues continued to tumble in the year to June while online sales are still nowhere near making up for the decline. Despite digital revenues lifting 9.9 percent in the period, higher employment costs and taxes (partly due to a change in the…

Stairway to Heaven Ranks highly for Live 5

BBi - Stairway to Heaven Rank Live 5
The UK-based digital gaming content designers, Live 5 Gaming, has been signed by the Rank Group PLC to take its Stairway to Heaven game live.   Following positive feedback of Live 5’s Stairway to Heaven, the Rank Group PLC has stepped forward to order the game to go live in September. “We are obviously delighted that a company of the calibre of...

Rank Group appoints Grosvenor & Mecca MDs

Betting Business, Rank, appointments,directors
Rank group has appointed two new managing directors to its Grosvenor Casino and Mecca Bingo brands.   FTSE-listed gambling operator Rank Group has announced two leadership appointments for its core assets, Grosvenor Casino and Mecca Bingo. Updating the market, Rank governance announced that Martin Pugh has been appointed managing director of its Grosvenor Casino division, having served as leader of Mecca Bingo from...

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...

William Hill shoots down ‘risky’ Rank-888 bid

Betting Business, William Hill
William Hill swiftly moved to reject the £3.3 bn takeover bid proposed by the strategic consortium of Rank Group and 888 Holdings, after the pair formally confirmed their proposal to acquire the bookmaker yesterday afternoon.   The board of the betting operator said that the offer “substantially undervalued” its corporate enterprise, branding the move “highly opportunistic.” Adding that it saw no...