No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Bookmaker Rank said on Thursday that it had delivered "ongoing growth and momentum" across all business units in Q3, with like-for-like revenues up double digits.
Rank said group like-for-like net gaming revenues grew 10.9% to £195.6m in Q3, with year-to-date NGR up 12.2% year-on-year. On a channel basis, digital like-for-like NGR was up 15.4% in Q3 and venue like-for-like NGR was up 9.1%.
Grosvenor venues revenue was up 14.4% year-to-date, while Mecca and Enracha venues saw a 4.8% and 5.9% increase in NGR, respectively.
Chief executive John O'Reilly said: "Since announcing our interim results in January, we have continued to deliver strong growth and expect to deliver Group like-for-like operating profit for the full year in line with expectations. This is notwithstanding the uncertain economic environment and the significant cost and regulatory headwinds that we face from the start of Q4 (1 April 2025)."
As of 1000 BST, Rank shares were up 3.08% at 80.40p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.
