Mecca Bingo owner Rank Group has revealed it tumbled into the red with losses of more than £100 million in its first half, but said trading had been strong over Christmas and the new year.
The group reported pre-tax losses of £107.1 million for the six months to December 31, against profits of £101.5 million a year earlier, after being hit by soaring energy and wage costs, as well as the slow return of overseas visitors to London.
Its Grosvenor Casinos arm suffered a 5% drop in net gaming revenues over the first half, while Mecca Bingos saw growth of 4% and Enracha venues in Spain notched up a 25% hike.
