Company Announcements

Trading Statement

Source: RNS
RNS Number : 3851P
Rank Group PLC
20 June 2022

20 June 2022

The Rank Group Plc

Trading update

Rank provides an update on its profit expectations for the year ending 30 June 2022

As noted in the trading update of 21 April 2022, the Group had witnessed softer performance in our UK venues throughout Q3 and had entered Q4 with visit numbers down across our Grosvenor casinos.  We have seen some improvement in Grosvenor's performance post April, but it has been considerably weaker than expected, principally due to a slower than expected return of higher spending overseas customers to our London casinos, continued softness in visitor numbers across the UK and a lower-than-average casino win margin in the quarter to date. 

The performance of our other business segments has been broadly in line with management's expectations.

As a result of the recent performance in Grosvenor venues and continued inflationary cost pressures across the Group, subject to normal casino win margins between now and the year end, we expect like-for-like underlying operating profit to be approximately £40m for the year ending 30 June 2022, lower than the previously guided range of £47m - £55m.

Forthcoming announcements

Rank will announce its preliminary results for the 12 months ending 30 June 2022 on 18 August 2022.





Sarah Powell - investor relations

Tel: +44 1628 504 303

David Williams - public affairs    

Tel: +44 1628 504 295

Media Enquiries:

FTI Consulting LLP (PR adviser to Rank)

Edward Bridges                

Tel: +44 20 3727 1067

Alex Beagley

Tel: +44 20 3727 1045


Information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.