Rank Group Q3 revenue uptick supported by 154% digital growth

Revenue in the three months to 31 March 2025 hit £195.6 million (€228.9 million/$251.3 million), Rank said in a trading update published today (10 April). This comfortably surpasses the £182.3 million posted by the group in Q3 of the previous year.

Rank’s Grosvenor UK land-based casinos remain its primary source of revenue. In total, these venues generated £90.4 million in Q3 revenue, an increase of 13%. Rank said this was helped by a 14.5% rise in table game revenue and 9.5% rise in electronic roulette revenue.

Also in the UK, revenue from Rank Group’s Mecca land-based bingo venues edged up 1.9% to £36.6 million. Customer visits dipped 1.8% but spend per visit increased by 3.8%.

Digital growth continues in Q3 despite Spain decline

Digital operations saw the most growth, with revenue in Q3 rising 154% to €58.4 million. Within this segment, digital revenue in the UK climbed 18.3%, driven by a 43.2% increase in online revenue across the Grosvenor product.

However, the digital business was slightly impacted by a decline in Spain, with revenue for the market down 2.9%. Rank said it expects to return to growth in Spain by the middle of 2025-26 following a series of improvements across its platform and customer proposition.

On the subject of Spain, Rank’s Enracha venues reported £10.2 million in revenue during Q3. This surpasses the previous year by 4.1%.

Year-to-date revenue tops £597.4 million

Looking at year-to-date performance, revenue for the nine months to 31 March amounted to £597.4 million. This is 12.2% ahead of where Rank was at in its last financial year.

Again, Grosvenor venues in the UK drew the most revenue at £283.2 million, up 14.4% year-on-year. Mecca venues revenue was also 4.8% higher for the period at £105.2 million.

As for the digital business, revenue increased 14.7% to £178.6 million. Finally, revenue from the Enracha venues in Spain climbed 5.9% to £30.4 million.

Rank CEO welcomes growth amid ongoing uncertainty

Commenting on the results, Rank CEO John O’Reilly said the group recorded growth despite operating in “uncertain” times. O’Reilly referenced both the current state of the economy and upcoming changes to rules for land-based gambling in the UK.

“Since announcing our interim results in January, we have continued to deliver strong growth and expect to deliver group like-for-like operating profit for the full year in line with expectations,” O’Reilly said. “This is notwithstanding the uncertain economic environment and significant cost and regulatory headwinds we face from the start of Q4.

“We expect the government to publish the statutory instruments for land-based casino reforms in the coming weeks. We anticipate the roll out of additional machines and sports betting to commence during the summer.”

Rank expects to publish its full-year results on 14 August.