Rank sees return to sales growth in last 6 weeks

17 Oct 2008

LONDON, England -- As reported by Reuters: "Rank Group said on Friday it had seen a return to sales growth over the past six weeks as it passed the anniversary of legislation banning certain lucrative gaming machines from its bingo halls.

"The bingo, casino, and online gaming firm, said that, in the six weeks to Oct 12, like-for-like revenue rose by 5 percent, reflecting the passing of the anniversary of the introduction of the Gambling Act in September 2007 and actions taken to address its negative effects.

"However, in the 41 weeks to Oct 12, like-for-like sales had declined by 8 percent.

"Rank was hit hard last year by both the Gambling Act and a smoking ban. Those factors, along with the economic downturn, led to a sharp decline in attendances..."

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	Rank sees return to sales growth in last 6 weeks 17 Oct 2008 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LONDON, England -- As reported by Reuters: "Rank Group said on Friday it had seen a return to sales growth over the past six weeks as it passed the anniversary of legislation banning certain lucrative gaming machines from its bingo halls. "The bingo, casino, and online gaming firm, said that, in the six weeks to Oct 12, like-for-like revenue rose by 5 percent, reflecting the passing of the anniversary of the introduction of the Gambling Act in September 2007 and actions taken to address its negative effects. "However, in the 41 weeks to Oct 12, like-for-like sales had declined by 8 percent. "Rank was hit hard last year by both the Gambling Act and a smoking ban. Those factors, along with the economic downturn, led to a sharp decline in attendances..."