18 May 2017
The Rank Group Plc (LSE: RNK) (Rank or the Group) announces the following trading update for the 46 weeks to 14 May 2017
Rank today announces total Group like-for-like revenue grew by 1% for the 46 weeks to 14 May 2017, with total revenue flat. On a channel basis, digital revenue grew by 13%, venues* like-for-like revenue was flat.
Grosvenor Casinos' venues like-for-like revenue declined by 1%, impacted by a lower gaming margin. Mecca's venues like-for-like revenue was down 2%, with lower customer visits partially offset by an increased spend per visit.
Grosvenor Casinos' digital channel continued to grow strongly, with revenues up 35% in the period. Mecca's digital revenue grew by 2% in the period.
Management's expectations for the full year remain unchanged.
*including Enracha's performance
Rank will announce its preliminary results on 17 August 2017.
Sarah Powell - investor relations Tel: +44 1628 504 303
FTI Consulting (PR adviser to Rank)
Edward Bridges Tel: +44 20 3727 1067
Alex Beagley Tel: +44 20 3727 1045
Notes to editors:
1. Figures are not adjusted for customer incentives.
2. Like-for-like excludes the effects of club openings, closures and relocations.
3. All comparisons are with the same 46-week period in 2015/16.