Rank Group Revenue Climbs Six Per Cent to £834.1m on Machine Rollouts and Operational Leverage
TL;DR — Rank Group lifted revenue six per cent to £834.1m and underlying operating profit 21 per cent to £78.6m for the year to June 30. Machine rollouts across 37 casinos and digital efficiencies offset a Remote Gaming Duty rise to 40 per cent. CEO Richard Harris warned proposed tax hikes risk forcing UK venue closures and reducing total tax receipts.
SCCG Take — Machine optimisation supplies clear Grosvenor runway toward the £100m profit target, yet further tax rises on marginal UK clubs could accelerate closures and erode the regulated sector’s fiscal contribution.
The Rank Group reported revenue of £834.1m for the year to June 30, a six per cent increase on the prior period. All businesses posted growth for the fifth consecutive year. Underlying operating profit rose 21 per cent to £78.6m, lifting the margin to 9.4 per cent from 8.1 per cent.
Grosvenor Casinos generated revenue of £397.3m, up five per cent, with profit increasing 11 per cent to £35.5m. Gaming machine revenue climbed 11 per cent to produce average weekly revenue of £7.6m, also up five per cent. Attendance and spend per visit both rose.
Machine Rollouts and Venue Investment Drive Core Growth
The rollout of 850 machines across 37 casinos in 2025/26, combined with performance optimisation, delivered the gains. Table gaming revenue faced pressure from the conflict in the Middle East in the latter part of the year. Mecca bingo revenues rose four per cent to £143m despite nine venue closures, while underlying operating profit more than doubled to £8.9m. Targeted spending on gaming machine areas and external signage supported results.
Digital revenue increased eight per cent. In response to the Remote Gaming Duty rising to 40 per cent from 21 per cent effective 1 April 2026, the group cut above-the-line marketing and captured other efficiencies while maintaining free bets, incentives and modest performance marketing investment. Enracha revenues in Spain grew seven per cent, led by live bingo and gaming machines. Group employee engagement scored 8.2, consistent with the prior year.
Tax Proposals Pose Viability Risks for UK Venues
Richard Harris, Chief Executive of The Rank Group, said: “We have once again successfully delivered good revenue growth and strong underlying profit growth, during a year of significant change. Customer feedback continues to guide the propositional improvements that we are making across the business. They continue to respond well to our targeted investments, product improvements, and our approach to delivering high-quality experiences.”
Harris noted decisive cost actions in response to higher taxation of UK digital gaming and expressed confidence in delivering at least £100m operating profit in the medium term, with material runway in Grosvenor machine optimisation. The group paid over £225m in taxes and duties last year. Harris warned that tax proposals from anti-gambling campaigners “continue to cast clouds over a regulated industry” and that increases on supervised, tight-margin clubs “will swiftly lead to lower tax receipts as much-loved bingo halls and casinos will be forced to close.”
According to G3 Newswire, these outcomes reflect sustained capital returns amid evolving fiscal pressures.
Reporting: G3 Newswire
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
Machine optimisation is working, but UK tax policy is pushing marginal venues toward closure and shrinking the regulated tax base.
We track how operators balance growth levers against regulatory headwinds. Rank's machine rollout — 850 units across 37 casinos — shows brick-and-mortar still has legs when you optimise the floor. But the Remote Gaming Duty jump to 40% and looming venue tax increases prove policy can kill what it claims to protect.
- Revenue £834.1m (+6%), operating profit £78.6m (+21%), margin to 9.4%
- 850 gaming machines rolled out across 37 Grosvenor casinos; digital cut marketing to absorb 40% RGD
- CEO warns proposed UK tax hikes risk venue closures and lower total tax receipts
SCCG angle: SCCG works with suppliers deploying next-gen machines and content into UK and European casinos, and we counsel digital operators on cost structure and market selection when tax regimes turn hostile. If you're re-allocating capital away from over-taxed markets or into land-based, we connect you to the right partners and jurisdictions fast.
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