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Rank Group Slips to Loss in Pandemic

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Rank Group Slips to Loss in Pandemic
Rank Group Slips to Loss in PandemicReading Time: 2 minutes

 

The Rank Group has slipped to a £48.6 million pre-tax loss in the last six months of 2020 after a challenging first half of its financial year.

The group’s underlying net gaming revenue was down 58% from £371.2m to £156.9m although digital was up 1% to £66m.

Rank, which had made a £39.8m pre-tax profit in the last six months of 2019, had most of its venues shut for much of the six months. It saw a 10% growth in active customers in UK digital brands.

In light of the pandemic, the board has not proposed an interim dividend but is committed to restarting dividends when circumstances permit.

Chief executive John O’Reilly said: “There is no doubt that the impact of the Covid-19 pandemic has been far beyond anything we or any other leisure operator could have imagined or planned for. The ever-changing restrictions coupled with curfews, which in particular have a seismic impact on our Grosvenor venues, have resulted in an exceptionally challenging first half for the group.

“I have remained incredibly impressed with our teams who have displayed high levels of professionalism and adaptability under the continuously changing circumstances. Despite the difficulties we are facing, they have continued, through a range of initiatives, to help our local communities, front line workers and those who are vulnerable.

“We have taken a stringent approach in applying affordability restrictions, particularly on higher staking customers, which has impacted revenues in our UK facing digital business in the half. We have been making good progress in the development of our proprietary technology platform to prepare the digital business for its exciting future. Once we have successfully completed the migrations of Mecca and Grosvenor, our in-house technology and development capability will give us much greater agility and speed in delivering developments, providing the group with a platform for growth both in the UK and internationally.

“There continues to be uncertainty looking ahead, particularly as our venues remain closed and we have no firm guidance as to when we will be able to reopen.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Rank Group Slips to Loss in Pandemic

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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TaDa Gaming Helps Players Go for Gold with Money Pot

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TaDa Gaming is rounding up the year with pots of gold and a wealth of wins in Money Pot.

The feature loaded slot offers Scatters, Multipliers, Mystery Symbols, Jackpots and the Golden Lock & Respin feature, in a three reels, three rows, three fixed paylines release.

Traditional Yuanbao ingots bring multipliers from 0.5x to 10x depending on their colour. Mystery Symbols will spin and reveal Yuanbao, or the Mini, Minor and Major jackpots, which offer 15x, 25x and 50x the bet and can even trigger the bonus game which awards retriggerable Free Spins.

The Mystery Jackpot symbol can only reveal itself in the bonus game and nine identical symbols will trigger the Grand Jackpot for 3,000x the bet.

Caishen is both the Scatter, triggering the Golden Lock and Respin bonus game and a bonus collector. On a winning combination, he will collect and add all the Yuanbao symbols’ values to carry over to the bonus game. If there are no Yuanbao , multiplier symbols of 2x sequentially up to 20x the bet will take their place.

Money Pot also offers the TaDa Extra Bet feature. Players can choose either 1.5x bet to double the chance of triggering Golden Lock & Respin or 3x bet to quadruple the chances. Whatever they choose, the money pot is certainly on the table in this colourful and engaging release.

Sean Liu, Director of Product Management, TaDa Gaming, said: ‘As we approach Chinese New Year, we want our players to celebrate with immersive entertainment and multiple ways to win. Money Pot delivers on all fronts and, with 3,000x max win potential, it’s a great way to start the new year.’

The post TaDa Gaming Helps Players Go for Gold with Money Pot appeared first on European Gaming Industry News.

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ALT Sports Data Signs On as Latest Contributor to FeedConstruct’s Odds Aggregation Platform

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FeedConstruct, a multi-award-winning provider of data feed solutions, has partnered with ALT Sports Data to integrate its specialized offerings into FeedConstruct’s innovative Odds Aggregator. This collaboration will grant operators access to a dynamic range of premier emerging and alternative sports content tailored for the evolving demands of modern bettors.

ALT Sports Data, renowned for its expertise in non-traditional and fast-growing bet-able sports, brings a fresh dimension to FeedConstruct’s platform. This partnership will enable betting operators to offer markets on some of the most engaging and content-rich properties across:

  • Motorsports
  • Combat Sports
  • Action / Adrenaline Sports

With this collaboration, FeedConstruct expands its Odds Aggregation Platform, allowing operators to tap into the rising popularity and large passionate fan bases of some of the world’s largest and engaging sports properties. Bettors in their turn will benefit from rich data and insights, reliable odds and global reach.

For ALT Sports Data, this partnership offers the opportunity to distribute its high-quality alternative sports content to a larger global audience, significantly enhancing its visibility and market reach. With access to FeedConstruct’s extensive operator network, ALT Sports Data can now expand its presence in the betting ecosystem, providing operators with a broader selection of sports data to meet the growing demands of modern bettors.

Narek Harutyunyan, CEO of FeedConstruct, comments: “This partnership with Alt Sports Data represents a bold step forward in expanding our Odds Aggregation Platform. Alternative sports hold immense potential, and ALT Sports Data’s expertise allows us to deliver unique and engaging betting options to our partners. Together, we aim to redefine the boundaries of what’s possible in sports betting.”

This collaboration is set to revolutionize the sports betting industry, combining cutting-edge technology with fresh content to meet the ever-changing preferences of bettors worldwide.

Joe Dunnigan, Founder and CEO of ALT Sports Data, added: “Our partnership with FeedConstruct expands our footprint within the sportsbook ecosystem, enabling seamless access to our unique data for more operators. Together, we’re redefining fan engagement by delivering real-time insights and innovative betting opportunities for the sports they’re passionate about.”

The post ALT Sports Data Signs On as Latest Contributor to FeedConstruct’s Odds Aggregation Platform appeared first on European Gaming Industry News.

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Unleash your wild side with Potion of Madness

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Play’n GO taps into the dark allure of duality with Potion of Madness, a bold, comic-book-inspired slot based on the timeless tale of Dr Jekyll and Mr Hyde.

Potion of Madness plunges players into a laboratory of chaos, where brilliant scientist Dr Jekyll and his monstrous alter ego, Mr Hyde, battle for control. This 5-reel video slot transforms with every Scatter, bringing Sticky Wilds, Re-Spins, and Free Spins into play. With its expanding reels and electrifying visuals, this slot delivers dynamic gameplay that keeps players captivated as they explore the fine line between hero and villain.

Potion of Madness builds suspense and excitement through its transformative mechanics. Dr Jekyll’s experiments unleash Wilds with every Scatter, while two Scatters trigger Re-Spins with Sticky Wilds. Three or more Scatters expand the reels to 5×6 during Free Spins, increasing paylines to 40 and boosting potential rewards with vertically expanding Wilds. Each feature ties seamlessly to the narrative, immersing players in a world of dramatic shifts and thrilling possibilities.

Fans of bold storytelling will appreciate Potion of Madness’s sharp visuals and compelling duality theme. Drawing inspiration from literary classics like Robert Louis Stevenson’s “Strange Case of Dr Jekyll and Mr Hyde,” this game mirrors the high-stakes drama of transformations. Players who enjoyed titles with evolving gameplay mechanics, such as Reactoonz, will find themselves drawn to the unpredictable and rewarding nature of this slot.

Head of Game Retention at Play’n GO, George Olekszy, said: “Potion of Madness captures the essence of thrilling unpredictability. With its dynamic features and evolving reels, players will find themselves immersed in a narrative-driven slot that offers both innovation and monstrous rewards.”

Potion of Madness promises to captivate players with its bold design and feature-rich gameplay – a must-play for those who relish narrative depth and the thrill of transformation.

The post Unleash your wild side with Potion of Madness appeared first on European Gaming Industry News.

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