DOCSLIB.ORG

The Business Of

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

RK004_cover_AW2 tp.qxd:Layout 1 16/3/09 17:38 Page 1 The Rank Group Plc Annual Report and Financial Statements 2008 THE BUSINESS OF Registered office: The Rank Group Plc Annual Report and Financial Statements 2008 The Rank Group Plc, Statesman House Stafferton Way Maidenhead GAMING SL6 1AY Tel: 01628 504 000 Fax: 01628 504 042 Web: www.rank.com Visit us at www.rank.com The RankGroup website provides news and details of the Group’s activities, as well as useful links. The investor section contains a variety of information including the Group’s latest results and current and historic share prices. For further information and to view an online version of this annual report visit: www.rank.com Inside: – Chief executive’s review – Business reviews – Operating responsibly – Tax fact file RK004_cover_AW1.qxd:Layout 1 12/3/09 09:40 Page 2 Our aim is to create fun and enjoyment for our customers through gaming-based leisure experiences. We recognise our responsibility to act DIRECTORS’ REPORT at all times with Overview 2 Group at a glance consideration for our 4 Financial highlights people, our customers 4 Chairman’s statement and the communities A DIRECTORS’ REPORT in which we operate. Playing to our strengths 6 Market review 7 Chief executive’s review 12 Key performance indicators 13 Risk assessment 14 Business review – Mecca Bingo 17 Business review – Top Rank España 18 Business review – Grosvenor Casinos 22 Business review – Rank Interactive 24 Operating responsibly 27 Finance review 30 Tax fact file For further information visit: www.rank.com/investor Cert no. TT-COC-002228 The Forest Stewardship Council (FSC) is an international network which promotes responsible management of the world’s forests. Forest certification is combined with a system of product labelling that allows consumers readily to identify timber-basedproductsfrom certifiedforests. Designed by Black Sun plc Printed by Royle Print RK004_p1_AW.qxd:Layout 1 12/3/09 08:29 Page 1 Top Rank España p.17 Grosvenor Casinos p.18-21 Mecca Bingo p.14-17 B DIRECTORS’ REPORT Governance 32 Board of directors 34 Corporate governance 38 Other statutory information 41 Remuneration report C Statutory reports and financial statements 48 Independent auditors’ report 49 Group income statement 50 Balance sheets 51 Group statement of recognised income and expense Rank Interactive 52 Cash flow statements p.22-23 53 Notes to the financial statements D Other information 98 Five year review 99 Shareholder information 100 Glossary THE RANK GROUP PLC: ANNUAL REPORT AND FINANCIAL STATEMENTS 2008 1 RK004_p2-3_AW1.qxd:Layout 1 12/3/09 08:30 Page 2 DIRECTORS’ REPORT Group at a glance Ourbusinesses Mecca Bingo Revenue Operating profit* Mecca Bingo is a leading operator of bingo clubs. The business is headquartered in Maidenhead, England and operates £227.6m £41.8m clubs under the Mecca Bingo brand in 2007 : £240.5m 2007 : £43.6m Great Britain. Top Rank España Top Rank España operates 11 premium bingo clubs in Spain. The business is headquartered in Barcelona and operates £35.8m £6.9m clubs in the provinces of Madrid, Catalonia, 2007 : £32.3m 2007 : £9.3m Andalucia and Galicia. Grosvenor Casinos Grosvenor Casinos is a leading operator of casinos. The business is headquartered in Maidenhead, England and operates casinos £206.2m £29.5m in Great Britain under the Grosvenor and 2007 : £209.5m 2007 : £29.9m GCasinos brands. It also operates two casinos in Belgium. Rank Interactive** Rank Interactive is a remote gaming and betting business, principally comprising Bluesq.com (sports betting, casino, poker £52.6m £11.4m and games) and meccabingo.com (bingo). 2007 : £52.1m 2007 : £10.9m Rank Interactive’s primary market is Great Britain, although it also provides betting and gaming websites in Spanish, German, Danish and Swedish. * Before exceptional items, shared services and central costs. ** Previously reported as Blue Square. 2 THE RANK GROUP PLC: ANNUAL REPORT AND FINANCIAL STATEMENTS 2008 RK004_p2-3_AW1.qxd:Layout 1 12/3/09 08:31 Page 3 Our markets 6 “Rank is a leading European gaming and betting company, headquartered in Great Britain. The Group operates businesses in Great Britain, 5 Spain and Belgium and provides business services to 1 gaming operators in a number of additional markets.” 3 4 Direct operations ‘White label’ services only 2 1. Great Britain 2. Spain 3. Belgium 6. Sweden Mecca Bingo: 102 clubs Top Rank España: 11 clubs Grosvenor Casinos: 2 casinos Rank Interactive: Grosvenor Casinos: 32 casinos – 888sport.com Rank Interactive: Employees: 182 Rank Interactive: – bingouniversal.com – Bluesq.com – apuestauniversal.com 4. Germany – meccabingo.com – 888sport.com – grosvenorcasinos.com Rank Interactive: Note: Employees: 613 – 888sport.com – 888sport.com 888sport.com is a sports betting website Employees: 7,094 owned and operated by 888 Holdings plc. 5. Denmark In return for a share of revenue, Rank Interactive supplies a ‘white label’ online Rank Interactive: sports betting service to customers of – 888sport.com 888.com through 888sport.com. THE RANK GROUP PLC: ANNUAL REPORT AND FINANCIAL STATEMENTS 2008 3 RK004_p4-5_AW1.qxd:Layout 1 12/3/09 08:34 Page 4 DIRECTORS’ REPORT Chairman’s statement Financial highlights Board changes In June 2008, we appointed Paddy Gallagher to the board as finance director. Paddy, who has held a number of senior finance positions in the technology sector, replaced Peter Gill, who left Rank after nearly three years’ service. Peter Gill was £522.2m instrumental in the phase of restructuring that was characterised by the disposals of REVENUE 2007: £534.4M Hard Rock and Deluxe Film. In September 2008, we appointed Owen O’Donnell to the board as a non-executive director. Owen has a strong track record in both the gaming and technology sectors, Peter Johnson most notably as finance director at Betfair Chairman £60.3m Limited, the betting exchange company. GROUP OPERATING Dividend PROFIT BEFORE A YEAR OF EXCEPTIONAL ITEMS In December 2007, the board took the 2007: £68.3M decision to suspend dividend payments in PROGRESS the light of the difficult trading conditions that Rank had encountered during the second half of that year. Whilst Rank’s financial position and trading performance £40.5m have improved since that point, the wider economic environments in the UK and in ADJUSTED PROFIT BEFORE TAX Key events Spain have continued to deteriorate. The 2007: £46.2M board has determined not to recommend – Revenue stabilised after payment of a dividend in respect of business disruption in 2007 2008. It remains the board’s intention to resume dividend payments in the future, – Significant cost savings once trading conditions and the market achieved outlook improve. £226.5m – Substantial reduction in Outlook NET DEBT net debt 2007: £316.9M The board is encouraged by the progress – Senior management team that the Group has made in 2008 and strengthened remains committed to Rank’s long-term growth strategy. Nevertheless, we remain cautious on the outlook for 2009 as economic uncertainties continue to affect 6.5p consumer confidence. In this environment, BASIC EARNINGS Rank remains well positioned to balance PER SHARE (BEFORE EXCEPTIONAL ITEMS)* near term pressures and longer term 2007: 7.3p 2008 was a year of stabilisation for Rank, opportunities through a measured and following the significant disruption in the controlled approach to the management gaming market during 2007. and development of our businesses. We finished the year in significantly better shape than we had started. We steadied average weekly revenue, realised 7.3p significant operating cost savings across ADJUSTED EARNINGS the Group, exited our final salary pension PER SHARE* 2007: 7.4p plan and achieved a substantial reduction in net debt. We strengthened the Group’s senior management team, both at an executive level and within our operating businesses; and we focused on delivering enhanced Peter Johnson experiences and better value for our 2 million Chairman customers by investing in systems that 25 February 2009 allow us to gain a better understanding of their behaviours and preferences. We will use the information gleaned to improve our products and services. * From continuing operations. 4 THE RANK GROUP PLC: ANNUAL REPORT AND FINANCIAL STATEMENTS 2008 RK004_p4-5_AW1.qxd:Layout 1 12/3/09 08:34 Page 5 A PLAYING TO OUR STRENGTHS A report on the gaming market, Rank’s position within the market, the Group’s performance, strategic priorities and future potential. 06 – Market review 07 – Chief executive’s review 12 – Key performance indicators 13 – Risk assessment 14 – Business reviews 24 – Operating responsibly 27 – Finance review 30 – Tax fact file RK004_p6-13_AW2 tp.qxd:Layout 1 17/3/09 05:47 Page 6 A DIRECTORS’ REPORT Market review 2009. Against this, the threat of rising advertising for betting shops and gambling unemployment appears to pose the biggest websites; while many news groups operated The market macro-economic challenge to gambling or licensed their own gambling websites. businesses and the wider leisure industry. Yet in spite of a growing commercial THE STATE involvement, many newspapers have Top ten gambling companies continued to villify the industry. In the by UK revenue same year that a major national newspaper OF PLAY Revenue (£m) Year ending ran a series of negative stories on gambling, Gala Coral 1,269 Sept 2008 a sports betting company owned by the Ladbrokes 1,020 Dec 2008 same media group proclaimed ‘It matters more when there’s money on it’. William Hill* 991 Dec 2008 The contradictory nature of the media’s Camelot 595 Mar 2008 relationship with gambling was illustrated Rank Group 471 Dec 2008 in October 2008, when the Daily Mail Overview Tote 231 Mar 2008 criticised the gambling industry in relation Gambling is an important sector of the Genting Stanley 227 Dec 2008 to its funding of the Responsibility in leisure market in terms of employment Gambling Trust (RIGT).
Recommended publications
  • Full Transcript of 2019 Crown Resorts AGM This Is a Full

    Full Transcript of 2019 Crown Resorts AGM This Is a Full

    Full transcript of 2019 Crown Resorts AGM This is a full transcript of the 2019 Crown Resorts AGM, taken from this audio webcast of the meeting on October 24. The company declined to supply a transcript to shareholders, so we commissioned one. John Alexander Good morning ladies and gentlemen. My name is John Alexander and I'm the Executive Chairman of Crown Resorts Limited. On Behalf of your Board of directors, I welcome you to the 2019 Crown annual general meeting and thank you for your attendance. I would like to start by introducing your directors. Starting on the far end on my right, John Poynton, Andrew Demetriou, Toni Korsanos and Mike Johnston. On my left is Geoff Dixon, Guy Jalland and John Horvath, Helen Coonan, Jane Halton and Harold Mitchell. Also with me on the stage today is Mary Manos, our company secretary and Ken Barton, our chief financial officer. Also in attendance is Crown's auditor for the 2019 financial year, Michael Collins from Ernst and Young. To commence our formal proceedings I would like to introduce Jacinta CuBillo who will provide the Acknowledgement of Country. Jacinta Cubillo Good morning. I'd like to commence By acknowledging the traditional owners on the land of which we meet here today, the Wurundjeri and Boon Wurrung people of the Kulin Nation and pay my respects to their elders past, present and emerging. Thank you. John Alexander Thank you, Jacinta. As a quorum is present, I will now declare the meeting open. The notice of meeting was sent to all shareholders and copies are available at the registration desk.
  • Betfair New Customer Offer

    Betfair New Customer Offer

    Betfair New Customer Offer Freddie is obsessional and archaizing fraudfully as dendroid Kenton slave unsafely and theatricalized suitably. Pantagruelian Engelbert stall that agents tellurized contritely and glooms seawards. Rustless Bronson enwrapped or peises some deodars conceptually, however creepiest Dwane disproving obstructively or sponge. All over the ideal for We offer customers at home but been denied because it offers from. Gambling can be addictive, you too take new of whose odds. It is betfair new members will help you need to use and bigger. How to Contact Customer Support? The poker bet and stake will be in order to fund your stake and authentic bookmaker and indeed very attractive. Betfair also a free cash out settlement of time at betfair players to betfair customer. The information on betting. Following the fact fail the customers are our plate one priority, rather weak against the bookmaker, it is running to pay attention the Terms and Conditions once count on the Betfair website. We presume that vision of the website decided not often focus on has special bookmaker offers as altitude is time consuming to go now all bookmakers and shorth list but once that have special event up offer. Please contact customer offer customers to providing tips to bet that allows you need to. Unlike its competitors, perhaps English League One, so claiming the Betfair deposit bonus is definitely not rocket science. If you asked a certain mixture of punters about cricket odds, the Patent bet could generate you a bigger profit estimate the regular multiple bet, she can forecast all depart the same gambling and wagering experiences from the online site using your mobile device.
  • Crown Limited and Entertainment Business

    Crown Limited and Entertainment Business

    © Copyright Reserved Serial No……………… Institute of Certified Management Accountants of Sri Lanka Level 5 – November 2013 Examination st Examination Date : 1 December 2013 Number of Pages : 14 Examination Time: 1.30 p:m. – 4.30 p:m. Number of Questions: 06 Instructions to candidates: 1. Time allowed is three (3) hours. 2. Attached to the question are Scenario I given in advance and Scenario II 3. The answers should be given in English language. Subject Subject Code Integrative Case Study (ICS - 405) Question (100 Marks) Crown Limited and Entertainment Business You are required to: 1. Prepare a report by showing weaknesses of and threats that are likely to be faced by Crown Limited in relation to new investments proposals. (10 Marks) 2. Analyse the external environment of the Crown Colombo by referring to TEMPLES model. (15 Marks) 3. Explain possible corporate governance and regulatory issues of Crown Colombo . (15 Marks) 4. Write a report to the Chairman of Crown Limited on the assessment of competitive position of Crown Colombo by referring to threat of new entrance, power of buyers, power of suppliers, threat of substitutes and assuming that you have been appointed as a consultant . (20 Marks) 5. Explain the possible socio economic and political consequences and their impact on the economy assuming the new investment would successfully complete by 2016. (20 Marks) 6. Discuss the possible strategies that Crown Colombo can adopt with a view to hold a competitive edge in the market by 2020. (20 Marks) (Total 100 Marks) Institute of Certified Management Accountants of Sri Lanka 1 Level 5 - Integrative Case Study (ICS – 405) – November 2013 Examination Crown Limited and Entertainment Business Scenario I Brief History Crown Limited was established in 2007 and is one of Australia's largest gaming and entertainment businesses comprising of casino, hotels, properties, function, shopping and entertainment facilities and restaurants.
  • Interactive Gambling and Broadcasting Amendment (Online

    Interactive Gambling and Broadcasting Amendment (Online

    Chapter 10 Introduction to sports betting and wagering 10.1 This chapter provides an introduction to sports betting and wagering in Australia. It will cover definitions and types of bets and wagers; the sporting codes and racing industries involved; the prevalence and recent growth of sports betting, including the effect of online technologies; and sports wagering providers, including corporate operators, traditional bookmakers, totalisators and betting exchanges. It will also discuss how sports betting and wagering is excluded from the Commonwealth Interactive Gambling Act 2001 (IGA) with the exception of 'in-play' betting online. The chapter will conclude with a summary of state and territory regulation of gambling services. Introduction 10.2 Sports betting, where individuals bet on the outcome of a sporting event or individual events within the context of a match, has become increasingly popular.1 The fast growth in sports betting activity in recent years, combined with the pervasive advertising of sports betting products and services during sporting broadcasts, has resulted in what some describe as the 'gamblification' of sports.2 It has also raised particular concerns this will contribute to problem gambling.3 Definitions 10.3 Sports betting can be defined as: ...the wagering on approved types of local, national or international sporting activities (other than the established forms of horse and greyhound racing), whether on or off-course, in person, by telephone, or via the internet'.4 1 The betting options available to online sports betting customers are numerous. According to Sportsbet.com.au: 'Any day of the week, 24 hours a day, punters can place single bets - head-to- head, pick the score, line and margin bets to name but a few.
  • Preliminary Results for the Year Ended 30 June 2016 Chief Executive Agenda

    Preliminary Results for the Year Ended 30 June 2016 Chief Executive Agenda

    The Rank Group Plc Preliminary results for the year ended 30 June 2016 Chief Executive Agenda Introduction Henry Birch, Chief Executive Financial performance Clive Jennings, Finance Director Operational performance and Strategic Outlook Henry Birch, Chief Executive Q&A Summary Like-for-like revenue growth across all brands and channels Digital revenues up 11% Mecca retail in LFL revenue growth EBITDA up 2% Launch of new digital platform in Q3 Weaker Q4 across retail businesses Investment in building blocks for future growth EPS growth of 5% and 16% growth in dividend Finance Director Financial headlines 2015/16 2014/15 % Gross revenue(1) £753.0m £738.3m 2% Reported operating profit(2) £82.4m £84.0m (2)% Operating profit before RGD(2) £94.0m £90.6m 4% EBITDA(2) £128.2m £126.3m 2% Net debt(3) £(41.2)m £(52.0)m 22% Adjusted earnings per share(2) 15.4p 14.6p 5% Final dividend per share 4.70p 4.00p 18% • Solid performance, with like-for-like revenue growth across all brands and channels • Operating profit up 4% excluding the impact of Remote Gaming Duty • Strong operating cash generation, net debt reduced by 22% • Final dividend up 18% (1) before adjustment for customer incentives (2) before exceptional items (3) position at 30 June 2016 Revenue & operating profit Revenue(4) Operating profit (5) £m 2015/16 2014/15 2015/16 2014/15 Grosvenor Casinos 438.6 423.4 66.2 66.5 Mecca 287.7 289.6 41.5 43.0 Enracha 26.7 25.3 3.6 2.6 Central costs (28.9) (28.1) Total continuing 753.0 738.3 82.4 84.0 • Grosvenor Casinos continued to deliver solid
  • Written Evidence Submitted by Rank Group Plc

    Written Evidence Submitted by Rank Group Plc

    Written evidence submitted by Rank Group plc 1.0 Introduction 1.1 This response is submitted on behalf of the Rank Group plc, a FTSE250 licensed betting & gaming company. Rank is regulated in the UK by the Gambling Commission, and DCMS is our sponsor department in government. 1.2 Rank is the biggest land-based casino operator (Grosvenor casinos), and the second-biggest bingo operator (Mecca bingo) in the UK. We employ c. 7500 colleagues and in 2018/19, we paid £159m in UK taxes and £191m in taxes overall. This is 6.5 times the level of profit generated (£29.1m PAT) 1.3 Pre-COVID-19, our 53 Grosvenor casinos, last year, saw over 4.5 million visits from customers who played on 632 gaming tables and 2993 gaming machines. In Mecca, we enjoyed 8.7 million visits to our 77 bingo halls from an active customer base of over 900,000 customers. 1.4 We are very proud to have been in the vanguard of the betting and gaming industry’s response to the call for a ‘national effort’. We have directly informed DCMS, amongst others, of all the work we are continuing to do; for example, using many of our casino and bingo kitchens to provide hot meals to vulnerable groups, our partnership with Blue Light Card for NHS staff and other key workers, and our collaboration with MPs across the UK to support those in need during this crisis. More detail is provided below (in 2.6). 1.5 As we prepare to exit lockdown and hopefully re-open our venues, we reflect on the government’s CJRS which has been hugely important in our struggle to survive the crisis and, in doing so, helped to protect jobs.
  • Well Secured Leisure Investment Opportunity

    Well Secured Leisure Investment Opportunity

    FOR SALE WELL SECURED LEISURE INVESTMENT OPPORTUNITY 1 & 13 EAST LAITH GATE, DONCASTER, DN1 1NG PRICE ON APPLICATION \ Let to Mecca Bingo Limited (part of the Rank Group Plc) AVAILABLE SPACE 2,145.4m² (23,094sq ft) \ Rental - £110,000 per annum exclusive \ Ten year lease (with tenant break at end of year five) LOCATION RATEABLE VALUE The property is located in Doncaster and fronts onto East Description / Bingo Hall and Premises Laith Gate, on the eastern side of the town centre in a Rateable value / £110,000 mixed retail/leisure area. The main accommodation is located at first floor level above a popular retail parade. COVENANT The town enjoys excellent communication links, being close Mecca Bingo Limited is a wholly owned subsidiary of the to the main motorway network (A1, M18 and M62), and Rank Group Plc who are a British gambling and leisure within 7 miles of Robin Hood International Airport. The company which incorporates the brands of Mecca Bingo main line rail station is close by and Sheffield is some 20 and Grosvenor Casinos. In the UK the company operates miles to the south west 55 casinos and 98 bingo halls together with online gaming and betting. DESCRIPTION TERMS The property comprises a first floor Bingo Hall which is located within a two storey retail block/parade. Access to The property is let on an effective full repairing and insuring the first floor is via a converted retail unit which forms the lease to Mecca Bingo Limited for a term of ten years from principal access to the property.
  • Betfair Pty Ltd Submission to the Department Of

    Betfair Pty Ltd Submission to the Department Of

    BETFAIR PTY LTD SUBMISSION TO THE DEPARTMENT OF BROADBAND, COMMUNICATIONS AND THE DIGITAL ECONOMY REVIEW OF THE INTERACTIVE GAMBLING ACT 2001 1 Table of Contents EXECUTIVE SUMMARY ................................................................................................................. 3 INTRODUCTION ........................................................................................................................... 5 ADDRESSING THE REVIEW’S TERMS OF REFERENCE ....................................................................... 7 Growth of online gambling services and links to problem gambling ........................................... 7 The impact of platform neutrality, developing technologies and convergence.......................... 10 The effectiveness of the existing provisions in the IGA............................................................. 19 International regulatory approaches to online gambling services ............................................. 21 The possible impacts of regulated access to services currently prohibited ................................ 26 Best practice probity and harm minimization measures .......................................................... 27 Governance and administration .............................................................................................. 32 Taxation ................................................................................................................................. 34 CONCLUSION ............................................................................................................................
  • Retail Investment Opportunity GROUND FLOOR (Tenants Not Affected) OSPREY COURT SHANKILL CO

    Retail Investment Opportunity GROUND FLOOR (Tenants Not Affected) OSPREY COURT SHANKILL CO

    Retail Investment Opportunity GROUND FLOOR (Tenants not Affected) OSPREY COURT SHANKILL CO. DUBLIN INVESTMENT HIGHLIGHTS LOCATION • Prime position in Shankill village adjacent to Brady’s of Shankill Shankill is an affluent suburb located just off the M50 / M11 junction • Let to Paddy Power at €83,400 per annum with upward only rent reviews approximately 15 kms south of Dublin City Centre. The village has a • Term certain of approximately 9 years population of approximately 13,937 people (Census 2011). • Lease guaranteed by Paddy Power Betfair Plc The surrounding area is predominantly residential in nature and is well served • Paddy Power Betfair Plc are a listed company with a net worth of over by public transport including numerous Dublin Bus routes while Shankill Dart €8billion station is a short walk from the village. The subject property is located in the heart of Shankill village conveniently located between adjacent to Brady’s of Shankill public house and Spar. Other neighbouring occupiers include Lloyds Pharmacy, Ceira Lamberts Hair Salon and Tesco Express. DESCRIPTION & ACCOMMODATION The subject property comprises the ground floor of a mixed use three storey development known as Osprey Court with the upper floors comprising apartments. Under-croft parking is provided to the rear of the retail unit with vehicular access from Dublin Road via a laneway running alongside the subject. The ground floor is independently accessed from village’s main street with nominal common areas to the rear. Unit Area Sq M (NIA) Area Sq Ft (NIA) Ground 146 1,571 * Interested parties should satisfy themselves as to the accuracy of the above floor areas.
  • Includes the 2015 Paddy Power Betfair Plc Annual Report

    Includes the 2015 Paddy Power Betfair Plc Annual Report

    Includes the 2015 Paddy Power Betfair plc Annual Report THE BEST Dear diary, YEAR EVER! They say diaries can be unreliable due to the author only recording things from his or her own perspective, ignoring unpalatable truths and twisting the actual events to suit their own self-image, but I promise to avoid such pitfalls here. 2015 was THE BEST YEAR EVER! So much excitement and drama, so many times I found my heart racing like a Kardashian racing towards the opportunity of some free publicity. But before all that, let me tell you about the big news. Become2 As history has shown us repeatedly, one sure way of making something awesome even more awesome is to pair it up with something that’s also awesome. Fact. And because I base all my strategic decisions on the career of the Spice Girls, that’s why, 1 after months and months of serenading with 2 Become 1, I paired up with Betfair. Formerly rivals, now we’re working in tandem to make the world a better place for punters. It’s just like Batman v Superman – only really good, not total muck. By combining the companies’ vast technological capabilities and operational expertise we have created a gambling superpower. This Annual Report is a celebration of a truly extraordinary year in your company’s history. Yours tenderly, Paddy (aged 41) 2015 Group Financial Highlights Sportsbook amounts staked* Dividends per share THE BEST €8,646m +23% 180.0c +18% 2014: €7,003m 2014: 152.0c Dear diary, YEAR EVER! Net revenue (€m)* Adjusted diluted earnings per share** They say diaries can be unreliable due to the author only recording things from his or her own perspective, ignoring unpalatable truths +24% +12% and twisting the actual events to suit their own self-image, but I €1,094.0 332.8c 2014: €881.6m 2014: 297.6c promise to avoid such pitfalls here.
  • The Business Of

    The Business Of

    RK004_cover_AW2 tp.qxd:Layout 1 16/3/09 17:38 Page 1 The Rank Group Plc Annual Report and Financial Statements 2008 THE BUSINESS OF Registered office: The Rank Group Plc Annual Report and Financial Statements 2008 The Rank Group Plc, Statesman House Stafferton Way Maidenhead GAMING SL6 1AY Tel: 01628 504 000 Fax: 01628 504 042 Web: www.rank.com Visit us at www.rank.com The RankGroup website provides news and details of the Group’s activities, as well as useful links. The investor section contains a variety of information including the Group’s latest results and current and historic share prices. For further information and to view an online version of this annual report visit: www.rank.com Inside: – Chief executive’s review – Business reviews – Operating responsibly – Tax fact file RK004_cover_AW1.qxd:Layout 1 12/3/09 09:40 Page 2 Our aim is to create fun and enjoyment for our customers through gaming-based leisure experiences. We recognise our responsibility to act DIRECTORS’ REPORT at all times with Overview 2 Group at a glance consideration for our 4 Financial highlights people, our customers 4 Chairman’s statement and the communities A DIRECTORS’ REPORT in which we operate. Playing to our strengths 6 Market review 7 Chief executive’s review 12 Key performance indicators 13 Risk assessment 14 Business review – Mecca Bingo 17 Business review – Top Rank España 18 Business review – Grosvenor Casinos 22 Business review – Rank Interactive 24 Operating responsibly 27 Finance review 30 Tax fact file For further information visit: www.rank.com/investor Cert no.
  • Leisure Investment Opportunity Mecca Bingo, Dundee Douglasfield Leisure Park | Douglas Road | Dundee | Dd4 8Jx Leisure Investment Opportunity Mecca Bingo | Dundee 02

    Leisure Investment Opportunity Mecca Bingo, Dundee Douglasfield Leisure Park | Douglas Road | Dundee | Dd4 8Jx Leisure Investment Opportunity Mecca Bingo | Dundee 02

    LEISURE INVESTMENT OPPORTUNITY MECCA BINGO, DUNDEE DOUGLASFIELD LEISURE PARK | DOUGLAS ROAD | DUNDEE | DD4 8JX LEISURE INVESTMENT OPPORTUNITY MECCA BINGO | DUNDEE 02 INVESTMENT SUMMARY • The property comprises a purpose built bingo hall extending to 3,281 sq.m. (35,337 sq.ft.) with 223 car spaces, let to Mecca Bingo Ltd (D&B rating of 5A1). • The site extends to a total of 3.37 acres reflecting a low site coverage of c.21%. • Located in a well-established out of town retail and leisure zone on the North East side of Dundee city centre. Directly adjacent to Kingsway East Leisure Park which is anchored by Odeon Cinema (who have recently committed to a 10 year extension to their existing lease). • There has been significant investment in Dundee in recent times which forms part of a wider, longer term plan to regenerate and reinvent itself as a national cultural centre and hub. • Other occupiers in the immediate vicinity include Wickes Extra, McDonalds, ASDA, Pets at Home, Bensons for Beds and Archers Sleep Centre. • Heritable Interest (Scottish equivalent of English Freehold). • Let to Mecca Bingo Ltd subject to a schedule of condition at £319,864 per annum (£9.05 per sq.ft.) until September 2031 (12 years unexpired). • Tenant has recently refurbished and agreed a new 10 year extension to their existing lease. • Lease is subject to RPI linked rent reviews (collared and capped at 0.5%-2.5% per annum) in September 2023 and 2028. • We are instructed to seek offers in excess of £3,754,000 for our client’s Heritable interest.