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Rank Q1 2025 results show steady growth, supported by digital momentum and stronger retail performance across the UK.
Rank Group posted a 9% year-on-year rise in net gaming revenue (NGR) for the first quarter of 2025–26, totalling £210.2 million (€280.9 million).
The figures mark consistent recovery across both digital and retail divisions, reflecting the early benefits of the UK’s recent land-based gaming reforms.
Earlier this year, Rank Group delivered strong FY2025 growth, setting the foundation for continued performance into the first quarter.
Digital growth drives Rank Q1 2025 results
Online operations continued to lead performance, offsetting a slower quarter in Spain.
Digital revenue rose 13% year-on-year to £61.6 million, marking the strongest improvement across Rank’s four main divisions. Grosvenor digital revenue surged 31%, while Mecca online grew 9%, supported by product updates and player engagement initiatives.
In Spain, Rank’s online operations dipped 1% due to capacity issues, though a new bingo platform launching in Q2 is expected to restore growth.
The update follows Rank’s broader international expansion strategy after enhancing its collaboration with Spinomenal to grow in Spain.
Grosvenor venues anchor Rank Group revenue
Land-based gaming remained Rank’s largest segment, boosted by higher visitation and new reforms.
The Grosvenor venues business generated £102.7 million in revenue for the quarter, up 8% year-on-year. Customer visits increased 5%, while spend per visit rose 3%, driven by steady recovery in consumer activity. Outside London, growth reached 10%, compared with 4% in the capital, helped by the refurbishment of the Victoria Casino, completed in July.
Breaking down performance further:
- electronic table games revenue grew 11%
- traditional tables rose 3%
- gaming machines jumped 12%, reflecting returns on terminal upgrades
UK land-based reforms lift Rank Q1 2025 results
New rules introduced in August gave operators more flexibility and investment opportunities.
Rank attributed part of its machine revenue growth to the UK’s revised land-based gaming framework, which now allows casinos to add more gaming machines and offer in-house sports betting.
The operator confirmed plans to expand betting options across its venues as part of its longer-term diversification strategy.
Mecca and Enracha sustain steady retail gains
Bingo and Spanish venues continued to deliver consistent results amid shifting habits.
At Mecca venues, revenue increased 5%, balancing a 1% drop in visits with a 6% rise in spend per customer.
Meanwhile, Enracha venues in Spain recorded a 5% revenue lift, showing continued stability across Rank’s European footprint.
Rank Q1 2025 results show strong start to the year
Leadership remains confident despite cost pressures and regulatory uncertainty.
Chief Executive John O’Reilly said Rank remains on track to deliver full-year operating profit in line with expectations despite higher costs from national living wage increases, statutory levies, and employer contributions.
O’Reilly said:
“We have started the year strongly. We’re confident of delivering group like-for-like operating profit in line with expectations, notwithstanding the significant cost increases we have incurred in employer national insurance contributions, the national living wage and the new statutory levy.”
He added that the group is on schedule to install 850 new gaming machines across Grosvenor venues by the end of H1 2025–26.
Rank Group addresses UK gambling tax discussions
The company remains in talks with government officials ahead of the November budget.
O’Reilly also commented on speculation about upcoming UK gambling tax changes, which could see a unified rate for remote gambling. He said Rank is engaging with the Treasury to assess the potential impact on its venues, workforce, and long-term investments.
O’Reilly said:
“Speculation regarding tax changes in the upcoming budget is, inevitably, hanging over the business. We are engaged with the treasury on the implications of tax changes on the viability of our venues, employment levels, future investment and the customer.”
In the previous financial year, Rank reported £44.6 million in profit after tax and contributed £188.0 million in taxes to HMRC and local authorities.
Will Rank Group’s strong start to 2025 be enough to sustain momentum through the rest of the year?
Source: iGaming Business
