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Rank Group lowers full year profit forecast due to weak UK economy

16th December 2022 10:07 am GMT
Rank Group

Shares in Rank Group fell by more than 9 per cent in London Friday after the bingo and casino operator said that its trading performance for the five-month period ended 30 November had been tougher than expected across its UK venues businesses.

Like-for-like net gaming revenue (NGR) increased by 1 per cent compared to the same period last year, with growth in Mecca venues, Enracha venues and Digital offset by a decline in Grosvenor venues.

Rank noted [...]

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