British gambling company The Rank Group announced that it will likely underachieve and fail to reach its operating profit forecasts for the 2021-22 fiscal year. This is caused by the operator’s underperformance in its home market, especially in the latter two quarters of the year. Rank Group’s Business Underperformed Rank Group’s earlier predictions expected it […]
Land-based casino operator in the UK Rank Group announced a new partnership with GamCare that would see safer gambling and social responsibility training delivered to over 1,400 team members. ‘Safer Gambling is a Strategic Pillar’ The agreement of Rank Group, operator of Grosvenor Casinos and Mecca Bingo venues in the UK, with the country’s leading […]
Land-based casino and bingo operator in the UK Rank Group announced a new addition to its executive team after Richard Harris agreed to become the new group chief financial officer. Extensive Financial Sector Experience Rank Group is appointing the current CFO of estate agency Foxtons Group Harris as its new CFO effective May 1, 2022. […]
The UK Gambling Commission has imposed an $8m (£5.8m) fine on Kittybingo and Regalwins operator Daub Alderney over social responsibility and anti-money laundering incompliance related to its online offering. Daub Alderney to Pay $8.06m Fine Daub Alderney will pay a $8.06m (£5.85m) fine for breaching the UK Gambling Commission’s rules aimed at preventing money laundering and protecting vulnerable customers. Apart from the financial penalty, Daub Alderney, which runs digital brands […]
Rank Group is looking forward to receiving a windfall from an unlikely source. The UK’s tax authority, HM Revenue & Customs (HMRC), was accused of improperly assessing tax rates on some gaming activity, which a court acknowledged. Now that the HMRC has apparently decided not to appeal the ruling, it will have to pay back […]
A leading land-based casino operator in the UK urged authorities to overhaul existing legislation to eliminate fragmentation of casino rules which impacted the company’s performance. ‘New Baseline of Gambling Regulations’ Rank Group, the operator of Grosvenor Casinos and Mecca Bingo venues in the UK, disclosed as part of its financial year 2020/2021 report that its […]
Rank Group, operator of Grosvenor Casinos and Mecca Bingo venues in the UK, as well as Enracha bingo clubs in Spain, announced today a new addition to its Board of Directors with the appointment of Katie McAlister as a non-executive director. Appointment with Immediate Effect Appointed with immediate effect, non-executive director Katie McAlister will also […]
UK-based Rank Group Plc has announced that Chew Seong Aun will succeed Tang Hong as non-executive director. Aun Succeeds Company Veteran Cheong UK-based gambling market leader and LSE-listed Rank Group Plc announced on Thursday that CFO Chew Seong Aun will succeed Tang Hong Cheong as the company’s non-executive director. Mr. Aun is an expert in […]
