Rank Group has posted revenue growth across all areas of its business for the financial year ending June 30, 2025 (FY2025) with like-for-like net gaming revenue reaching £795.3 million, a year-on-year increase of 11%.
The land-based and online casino giant has delivered revenue growth and profit above expectation despite regulatory changes to the online market which the group estimates has reduced digital profitability by around £1 million.
In Rank’s results, reports and presentations for FY2025, it has revealed an overall 38% increase in like-for-like operating profit, which rose to £63.7 million.
The Group’s operating margin was 8%, up from 6.5%, and profit after tax shot up from £12 million to £44 million.
All four of Rank’s core segments reported increases in net gaming revenue, with Grosvenor casinos leading the way with 14%.
Digital also recorded a double-digit increase with 10%, while Mecca bingo achieved 5% and the Spanish Enracha venues, which include bingo, sports betting and gaming machines, returned 9%.
Pre-tax profit generated was £53.9 million, an increase of 248%.
After paying £9.3 million in tax, Rank ended FY2025 with a net profit of £44.6 million, a hefty 248% increase over last year.
Digital Robust Despite New Legislation
Digital’s 10% increase generated £235.7 million net revenue, with the average revenue per customer rising by 18%.
That figure was higher looking at the UK business alone, net revenue rising 12% to £208.8 million.
But Rank highlighted that legislative changes introduced in April 2025 had an adverse effect on its final figures.
A statutory levy on gambling operators replaced a system of voluntary contributions to a fund allocated for research, prevention and treatment of problem gambling.
For Rank’s online operation this meant a rise from 0.1% of gross gambling yield to 1.1%.
Another measure affecting their online casinos was the introduction of a maximum gaming limit for slots play of £5, which is reduced to £2 for players under the age of 25.
Rank’s report noted: “The impact on digital profitability in the final quarter of the year has been circa £1 million and we therefore expect the annualised impact to be in the region of circa £4 million going forwards.”
Land-based Casinos Set For Machine Expansion
Rank’s Grosvenor venues saw the highest percentage of growth, up 14% to generate £378.4 million revenue.
London venues brought in £117.5 million revenue, an increase of 9%, while the rest of the UK recorded a jump of 17% to £260.9 million.
Mecca bingo venues in the UK reported a rise o 5% to £140.3 million and Rank noted: “Gaming machine revenues were up 9% and now account for 41% of Mecca’s net gaming revenue.”
Reforms introduced in July will allow land-based casinos in England and Wales to host five machines per gaming table, rising from two, although the 80-machine venue cap is retained.
Rank intends to add 850 machines across 50 venues within the next financial year, and sports betting will be introduced to 38 locations.
In his summary, chief executive John O’Reilly said: “With the long-awaited legislative reforms for casinos now delivered, the Group is at an exciting inflection point.
“The Grosvenor business will benefit from the higher gaming machine allocations and the introduction of sports betting which will better meet existing customer needs and increase the attractiveness of casinos to a broader base of consumers.
“Our bingo businesses continue to strengthen as we invest in the quality and value of the customer offering.
“Our online business is tracking to the expected 8-12% revenue growth rate as we drive the benefits of our proprietary technology and develop seamless cross-channel experiences for our customers.
“We have a very strong roadmap of opportunity to build further success for the Rank Group over the coming years.”
Jim Munro is a betting industry and gambling expert who has been a national newspaper journalist for over 30 years, predominantly at The Sunday Times and The Sun, where he wrote a weekly soccer betting column. Jim also worked on the launch of Virgin Bet with Gamesys and was subsequently head of editorial at LiveScore, the sports media and betting group.
