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Bingo spend boosts Rank
Published: 13 May, 2011
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The Rank Group’s Mecca Bingo and Interactive businesses performed strongly in the first 15 weeks of the year, though poorer results at Grosvenor Casinos meant the group as a whole grew overall revenue by only two percent compared with the same period in 2010.
Revenue from Mecca was up four percent, thanks to higher spend per visit from a static number of customers, especially on food and drink. Rank Interactive, meanwhile, hiked revenue by a whopping 23 percent, crediting its Bluesq.com and Meccabingo.com operations.
At Grosvenor Casinos, however, although total visits grew healthily, a low win margin in Rank’s London venues wiped out their effect, with the casino division contributing nothing to bottom-line growth.
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