The Rank Group
|Type||Public (LSE: RNK)|
|Headquarters||Maidenhead, Berkshire, UK|
|Number of locations||150 licensed outlets|
|Key people||Ian Burke Chairman & Group CEO|
|Revenue||£854.9 million (2012)1|
|Operating income||£95.0 million (2012)1|
|Net income||£164.1 million (2012)1|
The Rank Group plc is a European gambling and leisure business. Rank’s principal market and headquarters are in the United Kingdom, where it operates Grosvenor Casinos (35 casinos), Mecca Bingo (98 bingo clubs) and Rank Interactive (online gaming and betting). In addition, Rank operates in Spain as Top Rank España (11 bingo clubs) and in Belgium as Grosvenor Casinos (two casinos). It is also listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Until the start of the 21st century, the group still had a tremendous amount of leisure holdings; however, as the decade progressed they sold their interests in Pinewood Studios3 and the Odeon cinema chain.4 It also divested itself of its engineering companies such as its share in Rank Xerox, selling Rank Leisure Machine Services to Gametec plus all its Butlins, Warner and Haven Holidays holiday and recreation facilities, which were all sold to Bourne Leisure.5 They then sold off their nightclub division Rank Entertainment as well as their share of interest in Universal Studios Florida and disposed of their vast Rank film library to Carlton Communications with whom they had recently also sold their Rank Advertising Film Division.
In December 2005, as Rank sold Deluxe Film (formerly Rank Film Laboratories) for £400m, it effectively ended their sixty-year association with the film and cinema business.6 This meant Rank Leisure had become focussed on their gaming operations with their remaining business interests concentrating on Grosvenor and G Casinos, Top Rank and Mecca Clubs, and online gaming through Rank Interactive after the company acquired the Blue Square gaming business in 2003.7
Finally leaving all non-gaming leisure behind, in December 2006, Rank sold the Hard Rock business, excluding the London casino venue which was rebranded to a G casino, to the Seminole Tribe of Florida for US$965 million.8 In May 2012 Rank bought 23 casinos from Gala Coral, which, if approved by shareholders and the regulator will make it the biggest operator of casinos in the UK.9
Mecca is a UK-based social and bingo club leisure company, with sites located across the UK in most major towns and cities.10 The company also operates Meccabingo.com and Meccagames.com as an extension of the Mecca Bingo brand.
In 2001 and 2002 Blue Square opened a betting market on races involving snails, hamsters and alligators.11
Established in 2007, Grosvenor Casinos (formerly Soames Casino) is a UK-based chain of over thirty casinos located in major towns and cities across the UK with two sister casinos located in Belgium.14 In 2010 the group had an active membership of 1 million customers across their 35 UK clubs under the Grosvenor brand. 15
In March 2013 the Rank Group announced that it had conditionally agreed to purchase 19 Gala Casinos from the Gala Coral Group 16 in a £179 million deal. With the addition of the 19 casinos and a further three non-operating licenses The Rank Group will become the largest casino operator in Great Britain with 54 casinos.
enRacha is Rank’s Interactive Spanish gaming site launched on 2011. enRacha offers a wide range of Spanish card games, online slots, skill games and casino and poker games.17
- Preliminary Results 2012
- Rank Group: Chronology
- Rank sells UK's flagship Pinewood studios
- Rank sells Odeon Cinema Chain to Cinven for £280m
- Rank to sell Butlin resorts
- Final gong as Rank plans to sell film-making arm
- UK Rank buys Blue Square
- Seminole tribe in Hard Rock deal
- Meccabingo: Profile
- "Gators aid charity funds". BBC Sport. 6 May 2002. Accessed 7 July 2011.
- "Conference announces new sponsors". BBC Sport. 11 April 2011. Accessed 7 July 2011.
- Grosvenor Casinos: Profile
- The Rank Group
- Spanish Network Launches