$ £

Rank PLC to invest £50m in new land casino venues

British gaming firm Rank plc plans to spend £50 million to expand its casino operations by a third, a company spokesman revealed over the weekend. The company aims to build at least five casinos in northern and central England over the next two years at a cost of £23 million, with another five to be rolled out later, the spokesman said, confirming a Mail on Sunday newspaper report.

Rank, owner of the Mecca bingo hall and Grosvenor land and internet casino chains, last week said revenues grew across all its businesses in the first half as customer numbers rose and as average customer spending per visit also gained.

The company currently operates 35 casinos and 103 bingo halls, along with a large Internet stable of online gambling websites.

Ian Burke, Rank's chief executive, said the group would bid for a new casino in Newham - the first under the Government's 2005 plans for eight new large and eight new small casinos.

The gaming boss also called for regulations for the new casinos to be extended to the existing ones, pointing out that Rank's Victoria casino on the Edgware Road is only allowed 20 slot machines - whereas it would be allowed 150 under the new rules.

Rank added that revenues were up at clubs it has refitted to target younger players with a "noisier area" and a new menu.

Source: InfoPowa News

Share this