Rank Group Plc (RNK.L), a London-based gaming service provider, on Wednesday reported a 9 percent improved like-for-like Net Gaming Revenue or NGR in its first quarter, mainly driven by digital channel revenue growth.
Looking ahead, the firm said that it is confident of delivering Group like-for-like operating profit in line with expectations.
In the first quarter, the group like-for-like NGR amounted to 210.2 million pounds.
On a channel basis, digital like-for-like NGR improved 13 percent year-over-year to 61.6 million pounds in the quarter, driven by a 15 percent growth in the UK business. Venues like-for-like NGR was up 7 percent.
Grosvenor venues like-for-like NGR grew 8 percent totalling 102.7 million pounds, while Mecca venues like for like NGR improved 5 percent to 35.5 million pounds.
Enracha venues like for like NGR increased 5 percent from last year to 10.4 million pounds.
Regarding the outlook, John O'Reilly, Chief Executive, said, "We have started the year strongly and are confident of delivering Group like-for-like operating profit in line with expectations, notwithstanding the significant cost increases we have incurred in employer national insurance contributions, the national living wage and the new statutory levy."
Rank Group added that it is on track with their installation programme and now expects a total of 850 incremental machines to be added to the firm's estate before the end of first half of fiscal 2026.
The firm noted that speculation regarding tax changes in the upcoming Budget is hanging over its business. The company plans to host a Capital Markets Event focused on the Grosvenor business on October 22 at the Victoria Casino.
Rank Group will announce its first-half results on January 29, 2026.
On the London Stock Exchange, the shares were trading 1.23 percent lower at 128 pence.
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