The Rank Group started its 2025/26 financial year on a strong note, with a 9% rise in like-for-like Net Gaming Revenue (NGR) to £210.2 million for the first quarter, from July to September 2025. The growth came mainly from its digital business and steady recovery in venues, despite rising costs.

Rank’s digital division led the way, recording a 13% increase in NGR. Grosvenor’s online platform grew strongly by 31%, while Mecca’s online business rose 9%. Overall digital revenue reached £61.6 million, with the UK market up 15%.

In Spain, digital revenue fell slightly by 1% due to technical issues, but Rank expects improvement in the next quarter once a new bingo platform is launched. The company said the strong digital results show the benefits of its continued investment in online services and the growing number of customers who use both its digital and in-person gaming options.

Venues Strengthen After Refurbishment and Upgrades

Grosvenor venues earned £102.7 million in the first quarter, up 8% from last year. Customer visits rose 5%, and spending per visit grew 3%. Venues outside London led with 10% growth, while London gained 4%, boosted by the £15 million Victoria Casino upgrade.

Gaming machines rose 12%, electronic tables 11%, and regular tables 3%. Rank has added 471 new machines across 18 casinos and aims for 850 by midyear.

Mecca bingo and Enracha in Spain each grew 5%, showing the impact of Rank’s venue upgrades and new machines.

Strong Start Despite Cost Pressures

Chief Executive John O’Reilly said the group’s first-quarter performance was strong and in line with expectations, even as it faces higher operating costs. These include increased employer national insurance payments, a higher national living wage, and a new statutory levy on gambling businesses.

O’Reilly also mentioned that speculation over possible tax changes in the upcoming UK Budget continues to create uncertainty for the industry. Rank is in discussions with the Treasury about how potential changes could affect its venues, workforce, and future investment.

Confident Outlook for the Year Ahead

Rank will host a Capital Markets Event on 22 October 2025 at the refurbished Victoria Casino to showcase progress in its Grosvenor business. Interim results are due on 29 January 2026.

The group remains confident about the year ahead, supported by continued digital growth, the impact of UK casino reforms, and steady investment in its venues. The reforms, which allow more gaming machines per table and sports betting in 38 venues, are expected to boost future performance.

Rank said its combination of online innovation and modernized venues puts the company in a strong position to maintain growth despite cost challenges and changing regulations.