{"id":10298,"date":"2026-01-30T03:20:08","date_gmt":"2026-01-30T03:20:08","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2026\/01\/30\/rank-group-revenue-rises-as-profit-falls-in-h1\/"},"modified":"2026-01-30T03:20:08","modified_gmt":"2026-01-30T03:20:08","slug":"rank-group-revenue-rises-as-profit-falls-in-h1","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2026\/01\/30\/rank-group-revenue-rises-as-profit-falls-in-h1\/","title":{"rendered":"Rank Group Revenue Rises as Profit Falls in H1"},"content":{"rendered":"<div>\n<p>Rank Group delivered higher revenue across every business line during the first half of its financial year, yet rising tax pressure in the UK pulled profits lower and set the stage for tougher cost conditions ahead.<\/p>\n<hr>\n<p><strong><em>Good to Know<\/em><\/strong><\/p>\n<ul>\n<li><strong><em>Rank Group H1 net gaming revenue reached \u00a3420 million<\/em><\/strong><\/li>\n<li><strong><em>Group net profit fell to \u00a318.5 million due to higher costs<\/em><\/strong><\/li>\n<li><strong><em>UK gambling tax changes will weigh on digital operations from 2026<\/em><\/strong><\/li>\n<\/ul>\n<hr>\n<h2>Rank Revenue Grows as Profit Tightens<\/h2>\n<p>Rank Group reported higher revenue across all operating segments during the six months ended 31 December 2025. Net gaming revenue rose 5 percent year on year to \u00a3420 million, or about $579.8 million, reflecting steady customer demand across venues and digital channels.<\/p>\n<p>Profit moved in the opposite direction. Group net profit fell 26 percent to \u00a318.5 million after higher operating costs and increased tax expenses weighed on results. Operating profit reached \u00a331.3 million, down 11.1 percent compared with the prior year period.<\/p>\n<p>Outgoing chief executive John O\u2019Reilly acknowledged the mixed picture while pointing to further pressure ahead as new UK tax rules take effect.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Tax Changes Shape the Outlook<\/h2>\n<p>UK gambling tax policy remains the central challenge facing Rank as it looks toward 2026 and beyond. In November, the government confirmed that remote gaming duty will rise from 21 percent to 40 percent in April. A new general betting duty tied to remote betting profit will follow in April 2027 at 25 percent, up from 15 percent.<\/p>\n<p>Those changes sit alongside the statutory levy introduced last April. O\u2019Reilly previously described the remote duty increase as a <em>\u201csignificant blow\u201d<\/em> to the UK market, though he noted that the removal of bingo duty should support employment and capital investment in land based venues.<\/p>\n<p><em>\u201cThe second half of the year will bring further cost headwinds, principally in our UK digital business, which will be impacted by the UK government\u2019s huge increase in tax rates,\u201d<\/em> said O\u2019Reilly following the results. <em>\u201cWe have already executed measures to mitigate some of this impact, while continuing to prioritise customer experience, and the group will respond with agility as a heavily disrupted landscape takes shape in the UK.\u201d<\/em><\/p>\n<h2>Venues Deliver Solid Performance<\/h2>\n<p>Grosvenor venues, which had its flagship London location <a href=\"https:\/\/igaming.org\/casino-news\/rank-group-pours-15-million-into-revamping-grosvenors-flagship-london-casino\/\">revamped<\/a> in 2025, again led the group on revenue, generating \u00a3204 million during the half year, an increase of 6 percent. Performance benefited from the addition of 850 gaming machines across the estate.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Those installations followed land based casino reforms introduced last July, which expanded machine allowances based on venue floor space. Properties measuring 280 square metres can now operate up to 25 machines, while venues exceeding 500 square metres can host up to 80.<\/p>\n<p>Mecca bingo venues posted revenue of \u00a367 million, up 4 percent year on year. Customer visits slipped 1 percent, and one venue in Scarborough closed during the period.<\/p>\n<p>Enracha venues in Spain also delivered growth, with revenue rising 6 percent to \u00a321 million. Customer volumes stayed flat, while spend per visit increased 6 percent, supporting improved liquidity and prize board strength.<\/p>\n<h2>Digital Growth Continues<\/h2>\n<p>Digital operations recorded the fastest growth across the group. Revenue climbed 8 percent to \u00a3114.8 million, while average revenue per customer increased 18 percent year on year.<\/p>\n<p>UK digital revenue rose 9 percent, driven by a 17 percent increase at Grosvenor digital and 5 percent growth at Mecca digital. In Spain, YoBingo, YoCasino, and YoSports lifted digital revenue by 1 percent through incremental gains across all brands.<\/p>\n<h2>Costs Offset Gains<\/h2>\n<p>Cost of sales increased 3.5 percent to \u00a3236.7 million, while other operating costs rose 4.1 percent to \u00a3153.3 million. Finance costs of \u00a37.4 million reduced pre tax profit to \u00a323.9 million, down 18.7 percent year on year.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>After tax charges of \u00a35.4 million, net profit for the half year settled at \u00a318.5 million, a 25.7 percent decline from the previous year.<\/p>\n<p><em>\u201cWe continue to deliver improving results which demonstrate the resilience of the group and our ability to take advantage of the opportunities available to us, both online and in our venues,\u201d<\/em> O\u2019Reilly said.<\/p>\n<p><em>\u201cCustomers recognise the investment and improvements we have been making and are responding enthusiastically. Both the underlying metrics and medium-term outlook for the business remain encouraging, and we have the building blocks in place to capitalise on the opportunities ahead of us.\u201d<\/em><\/p>\n<h2>Leadership Transition Underway<\/h2>\n<p>January 29 marked the final day of O\u2019Reilly tenure as chief executive. Rank confirmed earlier in the month that Chief Financial Officer Richard Harris would step in as interim CEO.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\"><\/div>\n<\/div>\n<p>O\u2019Reilly joined Rank as CEO in May 2018 after serving as a non executive director at William Hill. His prior roles included managing director of Coral Interactive within the Gala Coral Group under GVC ownership. O\u2019Reilly said:<\/p>\n<p><em>\u201cAs I retire as CEO, I would like to pay tribute to my highly talented colleagues across the group for their enduring commitment to our customers which has again delivered another strong set of results. I am delighted that, as interim CEO, Richard Harris will now take Rank to the next stage of what I am sure is a very bright future.\u201d<\/em><\/p>\n<p>Rank also recently confirmed that John Ott, formerly a senior advisory partner at Bain &#038; Company, has assumed the role of chairman.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/rank-group-revenue-rises-as-profit-falls-in-h1\/\">Rank Group Revenue Rises as Profit Falls in H1<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rank Group delivered higher revenue across every business line during the first half of its financial year, yet rising tax pressure in the UK pulled profits lower and set the stage for tougher cost conditions ahead. Good to Know Rank Group H1 net gaming revenue reached \u00a3420 million Group net profit fell to \u00a318.5 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-10298","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/10298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=10298"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/10298\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=10298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=10298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=10298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}