📈 Rank Group Reports 69% Year-on-Year Net Gaming Revenue Increase in Q1 2021/22
🧾 Overview:
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Net Gaming Revenue (NGR):
£163.1 million ($223.7 million) for Q1 (three months to 30 September 2021)
– Up 69% YoY
– In line with company expectations
🏢 Land-Based Venues Rebound:
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Grosvenor Casinos:
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Revenue: £79.2 million
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Up 209% YoY
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Driven by full reopening from 19 July after COVID-19 restrictions lifted
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Mecca Bingo:
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Revenue: £34 million
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Up 41% YoY
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Gradual return of customers over the summer as restrictions eased
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Total Like-for-Like NGR from Venues:
Up 117% year-on-year
💻 Digital Business:
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Overall digital NGR: +5%
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UK-facing digital operations: +4% (£38.2 million)
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Grosvenor digital: +12%
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Mecca digital: +6%
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📅 Outlook for Full Year (2021/22):
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Expected full-year like-for-like revenue: £700m to £750m
🔙 Context – Previous Year Impact:
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FY 2020/21 NGR:
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Fell to £288.2 million due to pandemic-driven closures
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Venues were shut in England from March 2020 to August 2020, and again during winter lockdowns
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Only fully reopened from 17 May 2021
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✅ Key Takeaway:
Rank Group has shown strong recovery in Q1 2021/22, especially in its land-based operations, reflecting pent-up customer demand post-lockdowns. Digital growth remains modest, but stable. Cautious optimism is expressed for the full year amid continuing economic uncertainty.
