|Bid||223.00 x 202100|
|Ask||0.00 x 261800|
|Day's range||228.90 - 235.00|
|52-week range||180.80 - 243.50|
|PE ratio (TTM)||14.58|
|Forward Dividend & Yield||0.09 (3.21%)|
|1y target est||267.50|
(Reuters) - British casino operator Rank Group Plc (RNK.L) on Thursday said comparable group revenue for the 16 weeks to Oct. 15 rose 2 percent on strong online growth. The operator of Grosvenor casinos ...
British casino operator Rank Group Plc on Thursday said comparable group revenue for the 16 weeks to Oct. 15 rose 2 percent on strong online growth. The operator of Grosvenor casinos and Mecca bingo hall ...
The group, which operates 888 casino, poker, sport and bingo brands, reported a loss before tax of $17.3 million for the six months, reversing from a profit of $27.8 million last year. The company took an exceptional charge of $50.8 million, including a $45.3 million charge related to potential value added tax (VAT) on services in Germany prior to 2015. "Whilst the industry will continue to face regulatory headwinds in the second half of the year..., trading in Q3 has started well and in line with the board's expectations." Chief (Taiwan OTC: 3345.TWO - news) Executive Itai Frieberger said in a statement.
Rank was once one of Britain's biggest and best-known companies – a leisure and entertainment giant whose services were enjoyed by just about every family in the land every week. Founded by the legendary J Arthur Rank in 1937 as the Rank Organisation, it was one of the UK's biggest names in film, owning the Pinewood and Denham studios and, later, the Gaumont British and Lime Grove studios, as well as more than 600 cinemas across the country that eventually ended up trading under the Odeon banner. This was followed in 1990 by the acquisition of Mecca Leisure, the bingo and casinos operator once headed by Eric Morley, creator of the Miss World beauty competition.
William Hill Plc (Frankfurt: 633847 - news) named Ruth Prior as chief financial officer on Thursday as its new chief executive builds a team to try to lift the British bookmaker's fortunes after a run of weak results. Prior will join later this year from Worldpay, where she is now chief operating officer and previously held the post of deputy CFO, the gambling company said. The appointment comes weeks after William Hill named previous CFO Philip Bowcock as its new chief executive officer.
British bookmaker William Hill Plc said annual operating profit would fall to 260 million pounds ($316.7 million), the bottom of its forecast range, blaming "customer friendly" horse racing and soccer results in December. The decline in earnings is another blow to the gambling company as it searches for a new chief executive and after a number of rivals joined forces to increase competition in the sector. As recently as November 14 the company had forecast that operating profit would be at the higher end of the 260-280 million pound range.