The Rank Group, responsible for brands such as Mecca and Grosvenor Casinos, posted solid results in the 12 months ending June 2014.
Rank’s revenue, which increased by 13 per cent to £708m, has been driven by the acquisition of casinos.
Group operating profit before exceptional items was £72m, a four per cent increase on the £70m generated last year and EBITDA was £116m, an increase of seven per cent on the £109m posted in the previous year.
Mobile revenue has grown by 43 per cent to and now comprises 26 per cent of digital revenue.
Across the group, however, adjusted profit before tax fell four per cent to £63m, while net debt increased from £104m the previous year to £137m.
Henry Birch, chief executive of The Rank Group, said: “Performance improved in the second half of the year following a challenging first six months.
“The group is well positioned for future growth with the cut in bingo duty, major capital investment programmes planned at Nottingham, Bournemouth and Luton casinos and full year benefits from the £8.9m investment into new product in the acquired casinos.
“In the short term the introduction of a digital point of consumption tax will impact performance but our strong brands and market leading positions ensure that the group is well placed and provides long-term opportunities.”
