Between Hard Rock and a gaming place

Article Abstract:

Interim results of the leisure operator, The Rank Group were released for the half-year till 30th June, which showed a strong performance from its gaming division being outweighed by the difficult conditions at the Hard Rock Cafe chain. Rank is planning to build five-combined casino and bingo clubs in the UK under Rank's Mecca brand but the sites of the location is yet to be finalized.

Sales, profits & dividends, AMUSEMENT & RECREATION SERVICES, Company sales and earnings, Entertainment industry, Company earnings/profit, Rank Group Ltd.

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Rank break up on the cards?

Article Abstract:

Leisure operator Rank is planning a demerger and a stock market listing of the company considering the drop in profits from its Deluxe film processing unit in the last year. At the same time as a positive step, the company's Grosvenor Casino division is granted with a license to open a casino in Scotland.

Acquisitions & mergers, Amusement and recreation, not elsewhere classified, Mergers, acquisitions and divestments, Company acquisition/merger, Gambling industry, Rank

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