Reflecting on Rank Group’s H1 2023-24 results, CEO John O’Reilly said the company is “well positioned” to benefit from the land-based reforms outlined in the Gambling Act review white paper over the next few months.
The Gambling Act review white paper outlined a number of measures for land-based venues. In its H1 report, Rank outlined how it expects to benefit from these new measures, subject to the ongoing consultation process.
Rank expects the process to double the number of gaming machines in the Grosvenor Casino estate, and allow electronic payments in casinos and bingo venues.
In addition, the white paper proposed removing the current 80:20 ratio of category B and C/D gaming machines, replacing this with a 50:50 model.