There’ll be some happy people in the Rank Group HQ today. In fact they may even be having a little party to celebrate their victory in the High Court, where they found out they could keep the £62million VAT repayment they received last year. Reading the comments left here when the repayment was made, I’m […]
Tag: RankGroup
Rank Execs Buying Shares
It was interesting to see a number of large share purchases by execs at the Rank Group. According to ShareCast, last week the chief executive Ian Burke doubled his shareholdings in the company and this week finance director Paddy Gallagher has also bought a large number of shares. A couple of things could be going […]
Round Up – Mecca Profits And Halls And Government Rejection
There’s been a few stories the last week of interest to Playing Bingo readers out there, and I’ll give you a quick round-up and overview of the stories involved. First up is news from The Rank Group about their end of year trading figures. They’ve seen a slip in profits, but have managed to beat […]
Small improvements for Mecca Bingo
Following on from Gala’s recent news of slight improvements in its Bingo business, there’s more cautiously good news from their biggest rival, Mecca Bingo. The Times reports that trading has been up slightly for Mecca, who’ve seen a rise in their like-for-like sales of 1%. It appears that maybe the bottom of the barrel has […]
Rank Take It To The Bank
Well, following their case of unfair taxation under EU laws on fiscal neutrality, The Rank Group announced it has today received £59.1 million from the UK Government. Initially reports mentioned they expected to get £36 million back from the HMRC, so I’m wondering if the amount they received is for a number of years worth […]
Improved Sales At Mecca Whilst Gucco Increase Their Stake
Some good news in these times of credit crisis and financial turmoil for Rank. They’ve seen an improvement in sales, with a rise in spending per person of 8%, and better overall sales of 2%. I won’t go into the financials here too much, you can get all the figures and background over at the […]
Bingo News Roundup
Well, as Autumn is almost upon us, and the little ones are back at school, I’ve been caught up launching a site in time for Halloween and catching up with work from over the summer holidays. I’ve got some great new content lined up for the site the next couple of weeks, but more about […]
Rank Profits Down, Guoco And Genting Shareholdings Up
You’ll have to forgive the lateness of this post, I’ve been away the last week, and I’m just clearing out my email backlog when I spotted this story about Rank at the bottom of the stack. It’s over a week old, but of if you haven’t already seen it, then it’s worth noting. There’s a […]
Rank Confirms HMRC To Appeal VAT Ruling
Here’s on appeal case we’ll all be hoping gets thrown out for the good of the industry. In a statement the Rank Group has said the HMRC will appeal against the VAT and Duties Tribunal ruling that would give the company a £36 million VAT rebate. It’s not expected the appeal will be held until […]
Rank Sees Improved Revenues And No More Closures
An interim trading report from Rank has some good news for the company’s future. It’s showing improved trading figures. According to the report, trading was down on the same period as last year (prior to the introduction of the smoking ban) as was expected. On like-for-like sales there was a drop of 14%, admissions down […]
