The Rank Group has shared its interim results for the six-month period ending December 31, 2024, (H1) with a new gaming revenue of £401.8m
Total group operating profit grew 148 per cent from the previous year’s H! period, from £16.2m to £40.2m, with a profit after tax of £28.9m, up from £8.8m.
"We are pleased to deliver another good set of results as we continue to take advantage of the growth opportunities available to us and maintain a strong momentum across all of our businesses,” said John O'Reilly, chief executive of The Rank Group.
“Customers are responding positively to the investment we are making and to the experiences we are delivering both online and in our venues.
“The second half will see inflationary employment cost headwinds and the negative financial impact of some of the measures in the Gambling Act, but we are confident that our ability to both grow revenues and secure further cost efficiencies will help us to sustain our positive profit trajectory.
“We are readying ourselves to take full advantage of the benefits of the land-based legislative reforms which we expect to see implemented from summer 2025. A programme of venue and product improvements is well advanced as we prepare to better meet the needs of our customers when the time comes.
“The benefit of our digital proprietary platforms is increasingly evident in our performance, as we continue to focus on product innovation and investment in our technology. Our vision to optimise a seamless and tailored cross channel offering for our customers continues to be our priority with some key initiatives landing in H2.
“Thanks to my colleagues across the Rank Group whose commitment to delivering experiences that excite and entertain our customers has delivered this strong set of results."
