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Trading statements

Rank Group makes good start to financial year

15 October 2015 07:44

The Rank Group has had a good start to the financial year and is enjoying a continued strong performance from its Grosvenor Casinos brand, particularly in its digital channel and London casinos, as well as an improving admissions trend in its Mecca venues combined with good growth in Mecca's digital business.

Total group revenue was up 7% in the 15 weeks to Oct. 11, and up 8% on a like-for-like basis. Grosvenor Casinos total revenue was up 12% in the 15 weeks to Oct. 11, and up 12% on a like-for-like basis. Mecca total revenue added 1% over the same period, and was up 3% on a like-for-like basis.

CEO Henry Birch said:

"We continue to work on our five strategic priorities, particularly the development of our new digital platform which is on track to be launched in calendar Q1 2016 and we will provide a more detailed update at our forthcoming interim results in January 2016."

Story provided by StockMarketWire.com

Related Company: RNK

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