Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Friday 29th June 2007

Rank Group Announces Strong First Half Results

The UK�s second largest casino group, Rank, has announced that it is back in pole position after an increase in online gaming sales provided the basis for �strong growth� in its first half operating profit.

Rank shares soared by as much as 4.6 percent and the company�s online gambling division, Blue Square, saw an impressive 37 percent growth in revenue.

�The statement is more upbeat than we had anticipated,� analyst Matthew Gerard at Investec Securities in London stated in a research note. Gerard also added that the company�s promising first half result: �highlights continued strong trading at Blue Square and some promising news from bingo.�

Although some of Rank�s 115 bingo clubs have seen losses as the result of the Scottish smoking ban, with a 1 percent dip in sales for Scottish clubs in the 12 weeks since the end of March, the company is still keen to expand its business and has sold film and media businesses and its Hard Rock restaurant, hotel and casino chain to focus on the booming gaming market in Britain.

Source: OnlineCasinoNews

View Similar Stories
Online Casino Group Moves up the Revenue Ranks
ukbetting Announces Interim Results
Online Casino Group Announces Interim Results
Paddy Power Announces Record Profits in First Half Results

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: WSOP Fantasy Draft 2012
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Friday 25^th May, 2012: One way poker Swapsies
Friday 25^th May, 2012: New Bap - Day 3
Friday 25^th May, 2012: Sharkscope

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.