The Rank Group has reported a 5 percent uptick in like-for-like NGR for the quarter ended 31 March, thanks in part to a marked growth in land-based venue revenue, with Mecca and Grosvenor NGR both up 5 percent and “significant room for further improvement.”
Rank has predicted that full year underlying like-for-like operating profit will exceed £68m, after a promising third quarter which saw NGR rise 5 percent to £205.4m, thanks in part to a strong showing from the group’s UK land-based operations.
Like-for-like NGR at both Mecca and Grosvenor venues rose 5 percent during the three months to 31 March, with the company predicting “continued revenue growth in Q4” amid ongoing uncertainty regarding international travel.
“It was pleasing to see continued revenue growth across all businesses and strong profit conversion in Q3, despite a tough macroeconomic backdrop,” said interim CEO Richard Harris. “The results demonstrate the resilience of the business, the strength of the customer proposition and the growth initiatives we have in place.”
“Having implemented the actions required to mitigate much of the impact of higher RGD in our UK digital business, and with clear plans in place to drive sustainable revenue growth, the Group is well placed to deliver the medium-term objective of generating at least £100m operating profit.”
Year-to-date NGR was up 6 percent on the prior year period, with LFL NGR up 6 percent for the most recent quarter and digital NGR up 4 percent.
Commenting on Grosvenor’s performance, Rank added that “whilst it is likely that the Middle East conflict will create ongoing uncertainty around international travel, we expect to see continued revenue growth in Q4.”
And for bingo, finally, there was a continued rise on fortunes.“Mecca venues LFL NGR grew 5 percent in the period. The Mecca venues business is well on track to deliver double digit operating profit in 2026/27, accelerated by the abolition of Bingo Duty, effective from 1 April 2026.”
Originally published on Coinslot on April 19, 2026. Republished with permission.