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Rank Group News
U.K. Firms Oppose Blair's Gaming Bill
24 Jan 2005
International News Brief: U.K. gaming companies led by Rank Group Plc and Gala Group Ltd. are fighting Prime Minister Tony Blair's plan to open the industry to Las Vegas-style casinos, saying their businesses will be damaged by the competition.
UK Casinos Sign with TRM
16 Dec 2004
Reflecting its increased presence in the gaming industry, TRM Limited has entered into a three- year contract with leisure giant Rank Group Gaming Division, operator of Mecca Bingo, Grosvenor Casinos and Hard Rock Casinos.
Rank Expects to Meet Expectations
2 Dec 2004
International News Brief: British leisure group Rank says its year results will be ‘broadly in line’ with market expectations, and that plans to demerge its Deluxe film unit are progressing well.
Rank Plans Demerger
1 Nov 2004
International News Brief: Rank Group, the leisure operator that owns the Mecca Bingo and Hard Rock Café chains, has begun preparations for a demerger and stock market listing of its Deluxe film processing unit that would value the company at about £600 million.
UK Gambling Stocks Down
23 Sep 2004
International News Brief: UK gambling stocks took a spin on fears that the long-awaited reform to Britain's arcane gambling laws may not happen before the next General Election.
Rank Settles Mecca Dispute
14 Sep 2004
International News Brief: Rank Group says it is paying 18.9 million pounds to settle a dispute dating back to 1993 stemming from its takeover of Mecca Leisure two years earlier.
Rank, Stanley Leisure Targets Cut
15 Jun 2004
International News Brief: Investment bank UBS says it has cut its targets for Rank Group and Stanley Leisure but retains ‘neutral’ recommendations on both the stocks.
Rank Reports Mixed Results
27 Apr 2004
International News Brief: Rank Group says it has had a mixed start to the year, with improving sales at Hard Rock cafes offset by subdued trading at provincial gaming outlets.
Rank and Stanley Leisure Hit by Gambling Bill Doubts
6 Apr 2004
International News Brief: Rank Group and Stanley Leisure retreated ahead of tomorrow’s publication of the draft Gambling Bill on the view that their shares may drift if there is a delay in the proposal becoming law.
Rank Bets on Gaming
27 Feb 2004
International News Brief: Rank staked its future on the growth of gaming after blaming the Hard Rock restaurant and cafe unit for dragging 2003 profits lower.
Rank Uses Brand Name to Sidestep Rules
11 Dec 2003
International News Brief: Rank Interactive is hoping to get around the ban on bookmakers sponsoring sports events by using its HardRockCasino.com brand to back horse racing on the AtTheRaces TV channel.
Rank Group Aims to Refinance Debt
3 Dec 2003
nternational News Brief: Rank Group is aiming to raise £150 million to refinance existing debt and cut the group's interest rate.
Rank Blames Stagnant Results on London Casino Market
27 Nov 2003
International News Brief: Rank Group Plc, the U.K. owner of the Hard Rock Cafe chain, said operating profit has stagnated in the second half because London's casino market has yet to revive.
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