Rank Group Plc has reported a financial performance for the year ending 30 June 2026 that exceeded expectations, despite the inclusion of a regulatory settlement with the UK Gambling Commission in this period.
On Tuesday, the operator of Grosvenor Casinos, Mecca Bingo, Spain’s Enracha Casinos, and a UK-centric digital gaming segment revealed that it anticipates an underlying operating profit of at least £76 million for the full year. This figure surpasses previous market forecasts of £63.7 million made during their Q3 report.
Financial highlights for the period show a 6% rise in like-for-like net gaming revenue (NGR), totaling around £834.1 million. This growth continued into the fourth quarter, with like-for-like NGR reaching £208.9 million, which also marked a 6% increase compared to the previous year.
Breaking down the performance by division, Grosvenor Casinos reported a total NGR of £397.3 million for the full year, marking a 5% increase. In the fourth quarter, Grosvenor’s NGR rose 3% to £98.3 million. The digital segment saw the strongest growth, with annual NGR climbing 8% to £248.5 million, and a notable 12% increase in the fourth quarter to £63.9 million. Meanwhile, Mecca Bingo’s venues generated an NGR of £143.0 million for the year, a 4% increase, and maintained a 4% rise in fourth-quarter NGR, which reached £35.4 million.
In Spain, Enracha Casinos experienced a 7% growth in full-year NGR, amounting to £45.3 million, with a 6% increase in the fourth quarter to £11.3 million. This division had previously suffered due to a €7.1 million ($8.2 million) payment fraud incident in December of the previous year. Rank Group confirmed that it had reported the fraud to law enforcement and was cooperating with investigations, while also conducting its own internal review with assistance from an external law firm.
Rank indicated that performance at Mecca Bingo and Enracha Casinos met expectations and noted effective management of operating expenses across all sectors throughout the year.
In terms of regulatory developments, Rank plans to account for a £5 million provision in its 2025/26 financial statements related to a proposed settlement with the UK Gambling Commission. This follows interim findings from an ongoing review of Grosvenor Casinos Limited’s operating licence, focusing on compliance issues from November 2024 to May 2025. On 20 May, Rank submitted a proposal for settlement that includes a £5 million payment instead of a financial penalty. The amount was determined based on gross gambling yield and recent guidelines from the Gambling Commission, which will take effect in October 2025. Rank is currently waiting for a formal finalisation notice from the regulator, having already implemented substantial remedial actions and engaged in constructive discussions with the commission.
Further bolstering its growth, Grosvenor venues observed a significant uptick in gaming machine revenues, with a 12% increase in the fourth quarter, following a 10% rise in Q3. This growth coincided with the installation of around 850 new gaming terminals following a legislative change in July that allowed for more machines at casino locations. Rank has identified this expansion in gaming machines as a vital opportunity for their strategy.
Richard Harris, Rank’s newly appointed CEO, emphasized the importance of gaming machine revenue growth, noting it as a significant opportunity for the company’s future.
The digital segment, which is the second-largest revenue source after Grosvenor, also showed resilience, reporting a 12% increase in like-for-like NGR in the fourth quarter. This growth came even as the UK government raised the Remote Gaming Duty (RGD) from 21% to 40% starting on 1 April 2026, following the 2025 autumn budget. To manage the impact on margins, Rank has adjusted its performance marketing spend and customer incentives while reducing other marketing, supplier costs, and workforce size. Such measures have helped sustain both revenue and profit during the period.
Harris commented on the financial results, stating that the expected operating profit reflects Rank’s progress in executing its growth strategy despite encountering significant cost and taxation challenges over the year. The company maintains its medium-term objective of achieving at least £100 million in operating profit. Rank plans to release its preliminary financial results for 2025/26 later this summer.
