The Rank Group saw its overall net gaming revenue rise by 10 per cent for Q1 2019-20, boosted by strong performance in digital gaming and within its Grosvenor venues.
Rank, which completed its acquisition of Stride Gaming earlier this month, saw its total net gaming revenue move up by nine per cent for the quarter ending September 30, 2019. Digital NGR grew by 16 per cent and venues like-for-like NGR by nine per cent.
With strong win margins across all products, Grosvenor delivered 15 per cent NGR growth, international venues performed in line with expectations and Mecca venues’ like-for-like NGR was flat for the quarter.
John O'Reilly, CEO of Rank, said: "We are pleased with the growth achieved across our businesses in this key part of our financial year, as well as with the ongoing progress we are making with our transformation programme.
“The acquisition of Stride marks a pivotal moment in the development of our digital offering and having completed on October 4, 2019, we are now starting the execution of all our plans for integration and delivery of synergy benefits."
