Down in the rankings Grosvenor and Mecca see sharp decline in 2020-21 figures

The Rank Group has announced its preliminary results for the 12 months ended 30 June 2021

The Rank Group has announced its preliminary results for the 12 months ended 30 June 2021. Following a challenging year, with the comfort of lockdown restrictions now taking localize worldwide, the main focussing is surrounding stage business retrieval after the global pandemic.

Trading was 19% infra pre-pandemic levels in the to the highest degree recent 13 weeks of Grosvenor's trading period, with Mecca 21% to a lower place pre-pandemic levels. As the restrictions were eased on 19 July 2021, revenue increased further over this full stop with hebdomadal revenue increasing to a greater extent so, by a further 5% for Grosvenor and Mecca. Digital divisions of the business’ most recent trading are described as “in line of merchandise with expectations”, although this too saw a decrease of 6% inward digital underlining NGR, at £136.3m ($186.5m).

The operator's financial KPIs took a topple with its figures during the last year, with aggroup underlying nett gaming revenue (NGR) falling 50% to the economic value of £288.2m ($394.3m). Venues' underlining NGR saw a pertentage wane of 65% at £151.9m, with an underlying operating deprivation of £67m, £238% pile from shoemaker's last year's £48.4m.

In terms of its statutory performance, again, the company’s figures swayback next the closures and restrictions of cassino gaming, with reported NGR showing a £329.6m red ink of 48%. Group operating loss was a value of £92.9m, illustrating a 532% reducing alongside the company's sack debt figures showing at £256.7m, a 14% loss.

Edison Group Director, A.E. Pointon, said: "Looking forward, the next phase of the transmutation treat is well underway, which was generating improving results prior to Covid. In FY21 Grosvenor and Mecca land-based activities traded under normal conditions for zero in days, were to the full shut for 66% and 58% of days respectively, and the balance of the days had some spring of operating restrictions.

"From a financial perspective the group expects to gather all time to come liquidity and financial concordat tests."

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