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 [...]
Landsec buys Liverpool One shopping centre for £490m Property Property giant Landsec has bought a controlling stake of 92 per cent in Liverpool’s biggest shopping destination, Liverpool One, as it looks to build its retail portfolio. It bought the stakes of the Abu Dhabi Investment Authority (Adia), which owned 69 per cent, and Grosvenor, which owned 23 per cent, for £490m. The deal has [...]
Mecca Bingo owner Rank Group wins again with double-digit growth Mecca Bingo owner Rank Group has reported double-digit growth as UK patrons flock back to casinos and digital gambling channels. In an update to markets this morning, the London-listed gambling firm said group like-for-like Net Gaming Revenue (NGR) jumped 12 per cent to £197.4m, building on the momentum of a return to casinos. Venues NGR [...]