Rank Group to get £77.5m refund from HMRC
22nd Nov 2021 10:02
(Sharecast News) - Casino operator Rank Group said on Monday that it will get a £77.5m refund after reaching an agreement with HMRC on its claim for a refund of VAT paid on slot machine income between April 2006 and January 2013.
Read moreRank Q1 revenues rise as punters return to venues
14th Oct 2021 08:04
(Sharecast News) - Bingo hall and casino operator Rank on Thursday reported higher first-quarter revenue as punters returned to its venues after the lifting of Covid-19 restrictions.
Read moreRank Group set for windfall as HMRC backs down on VAT case
25th Aug 2021 07:45
(Sharecast News) - Bingo hall and casino operator Rank Group said UK tax authorities have decided not to appeal against a tribunal ruling over value added tax on slot machines.
Read moreRank swings to annual loss as Covid lockdowns hit venues
19th Aug 2021 07:01
(Sharecast News) - Gambling operator Rank Group reported a £93m operating loss on Thursday as Covid restrictions closed its venues.
Read moreRank Group secures two-year £25.0m RCF agreement with Lloyds Bank
7th Jul 2021 08:05
(Sharecast News) - Gambling outfit Rank Group has signed a new two-year £25.0m revolving credit facility agreement with Lloyds Bank.
Read moreRank Group trades in line with expectations in first six weeks since reopening
1st Jul 2021 08:10
(Sharecast News) - Gambling outfit Rank Group said on Thursday that trading in the first six weeks following the reopening of its venues had been in line with expectations.
Read moreRank Group maintains good liquidity ahead of UK reopening
22nd Apr 2021 08:38
(Sharecast News) - Gambling company the Rank Group ended its third quarter with total cash and available facilities of £89.8m, it announced on Thursday, comfortably achieving its minimum liquidity covenant of £50m.
Read moreUK gambling firms told to slow down slot machines in new crackdown
2nd Feb 2021 08:37
(Sharecast News) - UK gambling firms have been told to slow down spin speeds on online games as part of a package of strict safety measures by the Gambling Commission.
Read moreRank Group raises £70m in placing to strengthen balance sheet
6th Nov 2020 08:21
(Sharecast News) - Mecca Bingo and Grosvenor Casinos owner Rank Group said on Friday that it has raised £70m in an equity placing to strengthen its balance sheet.
Read moreRank Group in talks over potential equity raise
5th Nov 2020 07:53
(Sharecast News) - Mecca Bingo owner Rank Group confirmed on Thursday that it is in talks over a potential equity raise.
Read moreProfit at casino operator Rank dented by Covid
10th Sep 2020 08:19
(Sharecast News) - Casino operator Rank Group said on Thursday that full-year profit fell as the Covid-19 crisis dented revenues.
Read moreRank Group cash outflows to narrow with Mecca reopening
3rd Jul 2020 07:35
(Sharecast News) - Gambling operator the Rank Group announced on Friday that it was expecting a reduction in its monthly cash outflow, to £7m from £10m, as it prepares to reopen its Mecca Bingo venues.
Read moreGVC to receive £200m rebate after historic VAT ruling
21st May 2020 08:36
(Sharecast News) - Ladbrokes-owner GVC Holdings is on course to receive a £200m windfall after the government decided not to appeal a key ruling over historic tax payments.
Read moreWednesday broker round-up
29th Apr 2020 13:29
(Sharecast News) - Cairn Energy: Berenberg downgrades to hold with a target price of 130p.
Read moreRank scraps dividend as it furloughs 7,000 workers
20th Apr 2020 07:03
(Sharecast News) - Rank warned it would not pay its next dividend as the casino operator said 7,000 of its UK workers had been furloughed under the government's Covid-19 job retention programme.
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