Rank takes baby steps to recovery

Fri, 02/29/2008 - 09:38 — Dan Coatsworth
11063_Mecca-Slots.jpg

Bingo trading has picked up but gaming group Rank is still negative on trading prospects for 2008. The faint glisten of hope could be the catalyst for takeover speculation to become a reality.

The Mecca bingo operation was the cause of several profit warnings over the past six months. Rank has struggled to survive in the post-smoking ban era.

In the first eight weeks of 2008, bingo like-for-like revenue fell at a slower rate than in September when new gambling rules came into force.

The Gambling Act forced Rank to reduce its fleet of £500 prize gaming machines from 900 to 400. It has been allowed to raise slot machine prizes to £35 from £25, but so far this hasn't fully compensated punters.

High taxes on casinos cost Rank's Grosvenor arm an extra £4.6 million in gaming duty during 2007. Earnings have fallen across its casino operations, but Rank intends to expand its portfolio after the government said earlier this week that it would proceed with the development of 16 'new generation' casinos.

Underlying profits for the group fell 7% to £68.3 million in 2007.

Rank's pension scheme has been sold, subject to the tax man's approval. Stockbroker Evolution said this makes Rank 'a cleaner target for potential bidders'. Analyst Ivor Jones added: 'On an ongoing basis it removes the uncertainty over the net asset or liability position from the valuation. The icing on the cake is that there will be a payment to Rank of at least £20m and that £31m of projected future payments into the fund will not have to be made.'

Around £15 million of new cost savings have been identified and trading continues to be strong at Blue Square, Rank's online sports betting service. These positives should mean Rank avoids the risk of breaking its banking covenants.

Rank axed its dividend last December in the tough trading conditions and the firm's share weakness has attracted interest from the likes of Malaysian gaming group and Stanley Casinos owner Genting, which has built up an 11% stake.

Buy-out firm Duke Street Capital is seen to be interested in Mecca.

Shares in Rank advanced 4% to 95p.

Other stories from :
<< Back

Comments

Sun, 04/20/2008 - 21:12 — james (not verified)

sweet site thx

sweet site thx http://www.freewebtown.com/up4ka/nude-beach-pictures.html nude beach pictures
http://www.freewebtown.com/up4ka/free-asian-porn.html free asian porn
http://www.freewebtown.com/up4ka/girls-pussy.html girls pussy
http://www.freewebtown.com/up4ka/fucking-sleeping-girls.html fucking sleeping girls
http://www.freewebtown.com/up4ka/indian-fucking.html indian fucking
http://www.freewebtown.com/up4ka/lesbian-porno.html lesbian porno
http://www.freewebtown.com/up4ka/blacksex.html blacksex
http://www.freewebtown.com/up4ka/arabic-sex.html arabic sex
http://www.freewebtown.com/up4ka/monstercocks.html monstercocks
http://www.freewebtown.com/up4ka/big-pussy-lips.html big pussy lips

Sun, 04/20/2008 - 22:47 — pinktube (not verified)

cool work 10x

cool work 10x http://groups.google.com/group/pinktube ">pinktube oral

Sun, 04/20/2008 - 22:48 — dudetube (not verified)

great post man thx

great post man thx http://groups.google.com/group/dudetube ">free dudetube

Mon, 04/21/2008 - 01:47 — gaytube (not verified)

my friends

my friends http://groups.google.com/group/gaytube ">free gaytube anal

Mon, 04/21/2008 - 01:47 — gaytube (not verified)

my friends

my friends http://groups.google.com/group/gaytube ">free gaytube anal

Mon, 04/21/2008 - 01:50 — porntube (not verified)

our partners links thx

our partners links thx http://groups.google.com/group/porntube ">suck porntube

Mon, 04/21/2008 - 07:38 — Nelaxelazer (not verified)

Online Pharmacy online buy

Online Pharmacy online buy USA,http://www.blackplanet.com/phenterminehere http://www.jamendo.com/en/user/customhrtphentermine37.5 http://uk.groups.yahoo.com/group/Buy_oxycontin http://www.stickam.com/buyadderall http://www.stickam.com/buyoxycontin http://www.stickam.com/buydiazepam http://www.stickam.com/buymethadone http://www.stickam.com/lipitor http://www.stickam.com/Metformin http://www.stickam.com/Lexapro http://www.stickam.com/Cymbalta http://www.stickam.com/Cephalexin http://www.stickam.com/buyxanax

Mon, 04/21/2008 - 11:15 — arni (not verified)

good post man thx

good post man thx http://www.freewebtown.com/up4ka/sexstories.html sexstories
http://www.freewebtown.com/up4ka/russian-porn.html russian porn
http://www.freewebtown.com/up4ka/nudewomen.html nudewomen
http://www.freewebtown.com/up4ka/porn-pic-galleries.html porn pic galleries
http://www.freewebtown.com/up4ka/wwwsex.html wwwsex
http://www.freewebtown.com/up4ka/youngporn.html youngporn
http://www.freewebtown.com/up4ka/young-sluts.html young sluts
http://www.freewebtown.com/up4ka/pinkpornstars.html pinkpornstars
http://www.freewebtown.com/up4ka/xnxx.html xnxx
http://www.freewebtown.com/up4ka/xxxmovies.html xxxmovies

Mon, 04/21/2008 - 12:01 — Garry (not verified)

i'm fine good work

i'm fine good work http://groups.google.be/group/x-replicawatches/web/replica-watches-uk ">replica watches uk 164561 http://groups.google.be/group/x-replicawatches/web/replica-watches-repor... ">replica watches drytf http://groups.google.be/group/x-replicawatches/web/replica-watches-revie... ">swiss replica watches
dczxxf http://groups.google.be/group/x-replicawatches/web/replica-watches-forum ">replica watches forum zpmx http://groups.google.be/group/x-replicawatches/web/replica-watches ">swiss replica watches
%-P http://groups.google.be/group/x-replicawatches/web/replica-watch ">replica watch 52700 http://groups.google.be/group/x-replicawatches/web/replica-tiffany-watch... ">replica watches 131 http://groups.google.be/group/x-replicawatches/web/replica-watches-store ">replica watches store 1380 http://groups.google.be/group/x-replicawatches/web/replica-watches-guide ">replica watches 8-DDD http://groups.google.be/group/x-replicawatches/web/replica-wrist-watches ">replica wrist watches 036

Mon, 04/21/2008 - 12:27 — Xanax (not verified)

Nise site., Buy Alprazolam,

Nise site., Buy Alprazolam, :-D, Alprazolam, myvt, Cheap viagra, esa, Tramadol Online, 25958, Buy Alprazolam, >:-),

Mon, 04/21/2008 - 13:23 — encargar viagra (not verified)

Your Site Is Great!, Cialis

Your Site Is Great!, Cialis Online, 8PP, Buy Xanax, uip, Cialis
, bmjt, Phentermine, %), Buy Xanax, 41989,

Mon, 04/21/2008 - 14:20 — Generic Viagra (not verified)

Thank You!, commander

Thank You!, commander viagra, 8-PP, ordinare viagra, 8490, viagra barato, 084, Cheapest Cialis, 642, Xanax
, ifo,

Mon, 04/21/2008 - 15:16 — Xanax (not verified)

Thank You!, Phentermine ,

Thank You!, Phentermine
, mzzzhz, viagra kaufen, 820, Phentermine online, =-], Buy Xanax, %-)), Cialis Online, 66190,

Mon, 04/21/2008 - 15:19 — john (not verified)

replica watches

replica watches http://groups.google.be/group/x-replicawatches/web/replica-tiffany-watch... replica tiffany watches
http://groups.google.be/group/x-replicawatches/web/replica-watch replica watch
http://groups.google.be/group/x-replicawatches/web/replica-watches replica watches
http://groups.google.be/group/x-replicawatches/web/replica-watches-forum replica watches forum
http://groups.google.be/group/x-replicawatches/web/replica-watches-guide replica watches guide
http://groups.google.be/group/x-replicawatches/web/replica-watches-repor... replica watches report
http://groups.google.be/group/x-replicawatches/web/replica-watches-revie... replica watches review
http://groups.google.be/group/x-replicawatches/web/replica-watches-store replica watches store
http://groups.google.be/group/x-replicawatches/web/replica-watches-uk replica watches uk
http://groups.google.be/group/x-replicawatches/web/replica-wrist-watches replica wrist watches
http://groups.google.be/group/x-replicawatches/web/replicas-of-krieger-w... Replicas Of Krieger Watches
http://groups.google.be/group/x-replicawatches/web/rolex-daytona-replica Rolex daytona replica
http://groups.google.be/group/x-replicawatches/web/rolex-daytona-replica... Rolex daytona replica watch
http://groups.google.be/group/x-replicawatches/web/rolex-daytona-replica... rolex daytona replica watches
http://groups.google.be/group/x-replicawatches/web/rolex-replica rolex replica
http://groups.google.be/group/x-replicawatches/web/rolex-replica-compute... rolex replica computer face dial
http://groups.google.be/group/x-replicawatches/web/rolex-replica-fake-wa... rolex replica fake watches
http://groups.google.be/group/x-replicawatches/web/rolex-replica-review Rolex replica review
http://groups.google.be/group/x-replicawatches/web/rolex-replicas rolex replicas
http://groups.google.be/group/x-replicawatches/web/rolex-watch-replicas rolex watch replicas
http://groups.google.be/group/x-replicawatches/web/rolex-watches-replica rolex watches replica

Mon, 04/21/2008 - 15:50 — kate (not verified)

hi nice site thx

hi nice site thx http://www.freewebtown.com/up4ka/fuck-stories.html fuck stories
http://www.freewebtown.com/up4ka/boobtube.html boobtube
http://www.freewebtown.com/up4ka/blow-job.html blow job
http://www.freewebtown.com/up4ka/fat-pussy-lips.html fat pussy lips
http://www.freewebtown.com/up4ka/disney-porn.html disney porn
http://www.freewebtown.com/up4ka/cartoonporn.html cartoonporn
http://www.freewebtown.com/up4ka/bigpussy.html bigpussy
http://www.freewebtown.com/up4ka/ebonyocean.html ebonyocean
http://www.freewebtown.com/up4ka/freepussy.html freepussy
http://www.freewebtown.com/up4ka/free-xxx-movies.html free xxx movies

Mon, 04/21/2008 - 15:58 — tube8 (not verified)

nice video thanks

nice video thanks http://groups.google.com/group/tube8x ">suck tube8

Mon, 04/21/2008 - 16:12 — Xanax (not verified)

I like your work!,

I like your work!, Tramadol
, 943, viagra bon marche, 9788, Cheap Tramadol, irhvzo, Cheap viagra, 3152, Cialis, 675,

Mon, 04/21/2008 - 17:08 — Buy Cialis Online (not verified)

Your Site Is Great!, Cheap

Your Site Is Great!, Cheap Tramadol, 00756, ordinare Cialis, 34002, Tramadol
, 58025, Buy Cialis Online, 395054, Buy Xanax, >:PPP,

Mon, 04/21/2008 - 18:04 — Xanax (not verified)

Nise site., Buy Tramadol

Nise site., Buy Tramadol online, 47944, Acquisto Viagra, =PP, Cheap Phentermine, xtji, comprar Cialis, 959095, Buy Tramadol, :-[,

Mon, 04/21/2008 - 18:21 — Joneerdred (not verified)

http://www.asianave.com/oxyco

http://www.asianave.com/oxycontin buy oxycontin official online 98623147 http://www.asianave.com/viagra buy viagra official online http://www.asianave.com/phentermine buy phentermine official online http://www.asianave.com/tramadol buy tramadol official online www.indeed.com/forum/profile/herzog phentermine official online http://www.indeed.com/forum/profile/stringfellow buy cialis online http://us.cyworld.com/viagrabuy http://www.stickam.com/phentermineonline buy phentermine 37.5 online custom 0125498

Mon, 04/21/2008 - 19:01 — Phentermine (not verified)

Your Site Is Great!,

Your Site Is Great!, Phentermine, =OOO, Viagra, 978796, Cialis barato, ydiy, Ultram online, %-(, ordinare viagra, >:DD,

Mon, 04/21/2008 - 19:03 — uporn (not verified)

interesting site thx

interesting site thx http://groups.google.com/group/uporn ">blowjob uporn

Mon, 04/21/2008 - 19:14 — liza (not verified)

bookmark you thx

bookmark you thx http://www.freewebtown.com/up4ka/nudegirls.html nudegirls
http://www.freewebtown.com/up4ka/gaytube.html gaytube
http://www.freewebtown.com/up4ka/non-nude-teen-models.html non nude teen models
http://www.freewebtown.com/up4ka/maturesex.html maturesex
http://www.freewebtown.com/up4ka/jessica-alba-porn.html jessica alba porn
http://www.freewebtown.com/up4ka/milking-tits.html milking tits
http://www.freewebtown.com/up4ka/granny-fucking-boys.html granny fucking boys
http://www.freewebtown.com/up4ka/melissa-midwest-hardcore-videos.html melissa midwest hardcore videos
http://www.freewebtown.com/up4ka/latin-pussy.html latin pussy
http://www.freewebtown.com/up4ka/momsonsex.html momsonsex

Mon, 04/21/2008 - 19:57 — Phentermine (not verified)

Nise site., viagra

Nise site., viagra bestellen, mmm, Buy Phentermine, >:-DDD, Acheter viagra, ouub, Buy Xanax, 8P, viagra a basso prezzo, 82342,

Mon, 04/21/2008 - 20:54 — viagra barato (not verified)

I like your work!, Generic

I like your work!, Generic Phentermine, bvi, Order Tramadol, ciztpp, Phentermine
, 4712, cheap generic Xanax, 17715, viagra bon marche, 30349,

Mon, 04/21/2008 - 21:51 — cheap generic Xanax (not verified)

Best Wishes!, Generic

Best Wishes!, Generic Phentermine, %OO, Cheap Phentermine, 834176, Viagra, 39356, Order Tramadol, vsrak, Order Tramadol, 348015,

Mon, 04/21/2008 - 22:37 — bob (not verified)

bookmark you thx

bookmark you thx http://www.freewebtown.com/up4ka/preteen-lolitas.html preteen lolitas
http://www.freewebtown.com/up4ka/preteen-models.html preteen models
http://www.freewebtown.com/up4ka/preteen-sex-pics.html preteen sex pics
http://www.freewebtown.com/up4ka/sexywomen.html sexywomen
http://www.freewebtown.com/up4ka/sex-machines.html sex machines
http://www.freewebtown.com/up4ka/son-mother-fucking.html son mother fucking
http://www.freewebtown.com/up4ka/preteen-bbs.html preteen bbs
http://www.freewebtown.com/up4ka/porneskimo.html porneskimo
http://www.freewebtown.com/up4ka/preteen-nudes.html preteen nudes
http://www.freewebtown.com/up4ka/pokemonxxx.html pokemonxxx

Mon, 04/21/2008 - 22:47 — Buy Alprazolam (not verified)

Thank You!, Tramadol ,

Thank You!, Tramadol
, hadb, Phentermine 37.5mg, 40618, cheap generic Xanax, %-DD, Xanax
, 929, Buy Cialis Online, 0641,

Mon, 04/21/2008 - 23:43 — Tramadol (not verified)

Nise site., Ultram online,

Nise site., Ultram online, 79744, Buy Xanax, xddks, Buy Xanax, 29943, Buy Xanax, ytg, comprare Cialis, %-))),

Tue, 04/22/2008 - 00:40 — Phentermine (not verified)

Nise site., Viagra, :-P,

Nise site., Viagra, :-P, Phentermine
, 1608, Xanax, fzl, Cialis
, gsouof, Tramadol Online, eulkbk,

Tue, 04/22/2008 - 01:36 — Generic Phentermine (not verified)

Your Site Is Great!, Acheter

Your Site Is Great!, Acheter viagra, :)), Order Xanax, 525, Order Cialis, 9911, Cialis, 85447, Generic Cialis, >:-),

Tue, 04/22/2008 - 02:34 — Generic Cialis (not verified)

Best Wishes!, Phentermine

Best Wishes!, Phentermine online, =-))), Cheap Tramadol, 441082, Order Xanax, cahp, Cialis Online, 572875, Cheap Tramadol, tlnh,

Tue, 04/22/2008 - 03:30 — Phentermine (not verified)

Nise site., Phentermine

Nise site., Phentermine 37.5mg, 2076, cheap generic Xanax, wktr, Order Xanax, jmajy, Buy Tramadol, 188061, Viagra, 290279,

Tue, 04/22/2008 - 04:27 — Buy Tramadol (not verified)

Good job., Buy Phentermine,

Good job., Buy Phentermine, ktx, Cheap viagra, hpxfw, viagra kaufen, odbzi, Cheap Ultram, 08899, Cheap Ultram, 7670,

Tue, 04/22/2008 - 05:25 — Buy Alprazolam (not verified)

Thank You!, Alprazolam,

Thank You!, Alprazolam, gxva, Ultram online, sbgxmc, Tramadol
, 299, Cialis Online, 45411, Cialis, >:DDD,

Tue, 04/22/2008 - 06:21 — Buy Tramadol online (not verified)

Good job., Phentermine,

Good job., Phentermine, 766, Buy Tramadol, wpgjny, Acquisto Cialis, aom, Cheapest Cialis, chu, Buy Cialis, yzqegt,

Tue, 04/22/2008 - 07:19 — comprare viagra (not verified)

Your Site Is Great!,

Your Site Is Great!, encargar viagra, :D, Phentermine
, dul, Generic Phentermine, >:-), Buy Phentermine, =(, cheap generic Xanax, ivpvkp,

Tue, 04/22/2008 - 08:16 — Cheap Tramadol (not verified)

Your Site Is Great!,

Your Site Is Great!, Acquisto Viagra, 98292, viagra bestellen, zkgsw, Cialis, 4420, Buy Tramadol, 662465, ordinare Cialis, 8O,

Tue, 04/22/2008 - 09:14 — Cheap Ultram (not verified)

Your Site Is Great!, Cheap

Your Site Is Great!, Cheap Tramadol, %], Xanax online, %-], Cheapest Cialis, sjxwlw, Buy Xanax, mdvc, Phentermine
, ufr,

Tue, 04/22/2008 - 10:11 — Buy Phentermine (not verified)

Good job., Phentermine

Good job., Phentermine Without Prescription, uujcq, ordinare viagra, 35786, Cialis bon marche, zfjj, Viagra
, 559, Cheapest Cialis, ietsc,

Tue, 04/22/2008 - 10:13 — xxxtube (not verified)

cool idea thx

cool idea thx http://groups.google.com/group/xxtube ">suck xxxtube

Tue, 04/22/2008 - 10:13 — redtube (not verified)

awesome links

awesome links http://groups.google.com/group/redtubex ">pussy redtube

Tue, 04/22/2008 - 11:08 — Buy Alprazolam (not verified)

I like your work!,

I like your work!, Phentermine 37.5mg, 8-((, Cialis kaufen, 003474, Ultram online, 4463, Generic Phentermine, :OO, buy Xanax without prescription, %-DDD,

Tue, 04/22/2008 - 12:07 — viagra bestellen (not verified)

Best Wishes!, Online

Best Wishes!, Online Tramadol, 201501, encargar Cialis, 275914, Phentermine Without Prescription, 8(, Generic Phentermine, 40138, Ultram, uebnii,

Tue, 04/22/2008 - 13:05 — cheap generic Xanax (not verified)

Best Wishes!, Tramadol ,

Best Wishes!, Tramadol
, zgizv, Buy Tramadol online, mjyx, Ultram online, lfdtcp, Phentermine
, kiecb, ordinare viagra, zorebi,

Tue, 04/22/2008 - 13:17 — pornotv (not verified)

hi it's jessica thx ;)

hi it's jessica thx ;) http://groups.google.com/group/pornotvx ">pornotv pussy

Tue, 04/22/2008 - 14:02 — Order Tramadol (not verified)

I like your work!, Viagra,

I like your work!, Viagra, :-[, comprar Cialis, :-PP, Acquisto Cialis, nha, Cheap Phentermine, 491, billig Cialis, =)),

Tue, 04/22/2008 - 15:00 — Cheap viagra (not verified)

Thank You!, Buy Ultram,

Thank You!, Buy Ultram, 10929, Phentermine 37.5mg, mvg, comprare viagra, 16888, Xanax online, qpaee, Buy Alprazolam, %],

Tue, 04/22/2008 - 15:58 — Cheap Ultram (not verified)

Your Site Is Great!, cheap

Your Site Is Great!, cheap generic Xanax, >:PP, Phentermine online, 835441, buy Xanax without prescription, 8480, Ultram online, onr, Alprazolam, sjwbnd,

Tue, 04/22/2008 - 16:56 — Cialis bestellen (not verified)

Your Site Is Great!,

Your Site Is Great!, Tramadol
, 883836, Cheap Tramadol, cmstis, Buy Tramadol, =-(, Acquisto Cialis, ydz, Buy Phentermine, 2898,

123456789…next ›last »

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options