{"id":1587,"date":"2021-10-15T11:41:10","date_gmt":"2021-10-15T18:41:10","guid":{"rendered":"https:\/\/wagers.com\/staging\/4285\/?p=1587"},"modified":"2021-11-01T11:47:36","modified_gmt":"2021-11-01T18:47:36","slug":"rank-trading-update","status":"publish","type":"post","link":"https:\/\/wagers.com\/staging\/4285\/news\/rank-trading-update\/","title":{"rendered":"Rank trading Update"},"content":{"rendered":"<h3>Rank trading update<\/h3>\n<h4>The top line<\/h4>\n<ul>\n<li>Group GGR was up 69% YoY to \u00a3163.1m with Grosvenor venues up 209% YoY to \u00a379.2m, Mecca venues up 41% to \u00a334m and the Spanish Enracha business up 20% to \u00a36.5m.<\/li>\n<li>UK digital returned to growth, up 4% to \u00a338.2m while international digital was up 11% to \u00a35.2m.<\/li>\n<li>FY22 group LFL NGR expected to be in the range \u00a3700m-\u00a3750m and EBIT between \u00a350m-\u00a375m.<\/li>\n<\/ul>\n<p><strong>Zimmer Zimmer, chicken dinner:<\/strong> The Grosvenor casinos Q1 result was still 20% below the comparative period in 2019 with Rank blaming a lack of tourists in the capital. Outside of London, the regional casinos were now \u201crunning at close to pre-pandemic levels\u201d. Mecca venues were also sluggish compared to Q119, down 22% with the company suggesting that older customers had been slower to return than other cohorts.<\/p>\n<p><strong>Going blank again:<\/strong> Grosvenor digital was up 12% helped by the broader return of omni-channel customers and Mecca online was up 6%. The bingo business was dragged down overall, however, by the other bingo brands (presumably the Stride brands) culminating in a 6% NGR decline. Rank hopes to launch its bingo operations on the RIDE platform in Jan22.<\/p>\n<h3>Additional hot topics at Earnings + More:<\/h3>\n<ul>\n<li><a href=\"https:\/\/wagersearningsmore.substack.com\/p\/15-oct-weekend-edition-no18\" target=\"_blank\" rel=\"noopener\">Esports Entertainment Q4<\/a><\/li>\n<li><a href=\"https:\/\/wagersearningsmore.substack.com\/p\/15-oct-weekend-edition-no18\" target=\"_blank\" rel=\"noopener\">Startup funding watch<\/a><\/li>\n<li><a href=\"https:\/\/wagersearningsmore.substack.com\/p\/15-oct-weekend-edition-no18\" target=\"_blank\" rel=\"noopener\">Sportradar market cap confusion<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rank trading update The top line Group GGR was up 69% YoY to \u00a3163.1m with Grosvenor venues up 209% YoY to \u00a379.2m, Mecca venues up 41% to \u00a334m and the Spanish Enracha business up 20% to \u00a36.5m. UK digital returned to growth, up 4% to \u00a338.2m while international digital was up 11% to \u00a35.2m. FY22 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[324],"tags":[624,623,622,8],"class_list":["post-1587","post","type-post","status-publish","format-standard","hentry","category-news","tag-esports-entertainment","tag-groscenor","tag-rank","tag-sportradar"],"_links":{"self":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/1587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/comments?post=1587"}],"version-history":[{"count":2,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/1587\/revisions"}],"predecessor-version":[{"id":1590,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/1587\/revisions\/1590"}],"wp:attachment":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/media?parent=1587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/categories?post=1587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/tags?post=1587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}