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Department for Culture

  • Rank Group: Grosvenor casino owner posts strong profit as UK gambling reforms boost outlook

    Markets

    Grosvenor casino owner Rank Group has posted a sharp jump in profit on the back of double-digit growth across its venues and online arm, with fresh government gambling reforms set to boost future earnings. For the year to 30th June 2025, like-for-like net gaming revenue climbed 11 per cent to £795.3m, while underlying operating profit [...]

    Gambling software firm Playtech's full-year earnings came in ahead of market expectations as a string of prior deals with US casinos helped drive growth.
  • Rank: Grosvenor casino owner hits jackpot as laws relaxed

    Markets

    Rank Group – the owner of UK-based chain Grosvenor casinos – is set to ramp up the number of gaming machines in its casinos after the government said it would relax gambling laws. Shares in the group soared nearly eight per cent on Wednesday morning. The firm said the government’s review of the 2005 Gambling [...]

    Grosvenor casino owner Rank shares soared on Wednesday.
  • Independent Football Regulator hires head of legal from CMA

    Sport Business

    The incoming football regulator has appointed a head of legal as it steps up plans to begin its work in earnest in 2025. David Riley this week left his role as legal director of the Competition and Markets Authority to take up a role with the football body, where he will head up the legal [...]

    The incoming football regulator has appointed a head of legal as it steps up plans to begin its work in earnest in 2025.
  • Will it work? Cuts to university arts funding

    April 11, 2024

    Sam Fowles takes policies on their own terms and asks if they solve the problem they’re supposed to. Today, cuts to university arts funding.

  • Was it worth it? Birmingham 2022 Commonwealth Games generated £1.2bn for UK economy

    April 8, 2024

    Approximately £1.2bn was contributed to the UK economy by the Birmingham 2022 Commonwealth Games, according to the new Government figures.

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