Rank shares surge as underlying earnings rise 21%.

Source: Sharecast

The casino and bingo hall owner said underlying operating profit increased 21 to £78.6m in the year to June 30.

Grosvenor casinos delivered a 5% rise in average weekly net gaming revenue to £7.6m, helped by higher customer visits and spend per visit. The rollout of 850 gaming machines across 37 casinos and ongoing optimisation work supported growth, though table gaming was softer late in the year due to the conflict in the Middle East.

Digital like‑for‑like revenue rose 8%. The group cut marketing and other costs to offset the jump in Remote Gaming Duty to 40% from 21% in April, while protecting the customer offer by maintaining free bets and incentives.

Here are short add‑on pars summarising the current trading and outlook section from the RNK results in your active tab :

Group NGR rose 8% in the first six weeks of the new financial year, with digital revenues up 10% and Grosvenor gaming machine income ahead 15%. Rank reiterated its medium‑term ambition to deliver at least £100m of underlying operating profit, though it cautioned that digital profitability will fall in 2026/27 as the full‑year impact of remote gaming duty at 40% feeds through.

Reporting by Frank Prenesti for Sharecast.com