Rank Group Reports 5% Q1 Revenue Growth Amid UK Tax Warning

Key Facts

1Rank Group reported 5% growth in like-for-like net gaming revenue to £216.1 million in its first-quarter trading update.

2The company warned that higher gaming duties in the UK could lead to job losses and venue closures.

Rank Group reported 5% growth in like-for-like net gaming revenue to £216.1 million in its first-quarter trading update. Proactive Investors reported that the performance was driven by a 6% rise in Grosvenor venue revenue and 6% growth in the digital division for the period ending September 30, 2026.

Chief executive Richard Harris warned that higher gaming duties in the UK could lead to job losses and venue closures due to rising costs. While the group closed three Grosvenor venues during the quarter citing economic viability concerns, it remains confident that full-year operating profit will meet market expectations under the current tax regime.