IN BRIEF: Rank hails higher gaming revenue amid regulatory headwinds

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Rank Group PLC - Maidenhead, England-based casino operator - Posts like-for-like net gaming revenue growth of 11% to around £795 million in the financial year that ended June 30. Rank expects underlying like-for-like operating profit of at least £63 million, a jump of 35% from £46.5 million in financial 2024. Chief Executive Officer John O’ Reilly says the momentum experienced in the first three quarters has continued, despite ‘significant’ cost and regulatory headwinds. He adds: ‘We are at an exciting inflection point for the group with the land-based casino reforms now law and coming into force from 22 July. At that point, we will begin the process of securing licence variations from local authorities in England and Wales ahead of the rollout of additional gaming machines across the Grosvenor estate to better meet customer demand.’ The company will publish annual results on August 14.

Current stock price: 140.00 pence each, up 1.7% on Thursday morning in London

12-month change: up 98%

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