Rank hit by €7.1m fraud at Spanish gaming units

(Sharecast News) - UK gambling operator Rank Group said its Spanish businesses had been hit by a payment fraud costing it €7.1m. The Mecca bingo owner said it had reported the incident at the Enracha and Yo gaming operations to law enforcement agencies and was supporting investigations, as well as carrying out its own internal probe with the help of an external law firm.

"Given the exceptional nature of this incident, Rank Group expects to treat the financial impact as a separately disclosed item in relation to its 2025/26 performance," the company said in a short statement on Monday.

Reporting by Frank Prenesti for Sharecast.com