Rank Group expects FY profit to beat forecasts after UKGC settlement and £5 million provision

Rank Group says its full-year underlying operating profit for the year ending 30 June 2026 will be at least £76 million, ahead of the £63.7 million the market was pricing in after Q3. The catch for payments teams: that number now sits alongside a proposed £5 million regulatory settlement with the UK Gambling Commission and a separate fraud hit in Spain.

1. Rank Group Plc said trading was “stronger-than-anticipated” across the year, with like-for-like net gaming revenue (NGR) up 6% to approximately £834.1 million. Q4 followed the same pattern, with like-for-like NGR also up 6% to £208.9 million.
2. The group said growth came from all business segments. Grosvenor Casinos generated FY NGR of £397.3 million, up 5%, while the digital division posted the fastest growth at 8% to £248.5 million. In Q4, digital NGR rose 12% to £63.9 million.
3. Mecca Bingo venues reported FY NGR of £143.0 million, up 4%, with Q4 NGR also up 4% to £35.4 million. Spain’s Enracha Casinos recorded FY NGR of £45.3 million, up 7%, and Q4 NGR of £11.3 million, up 6%.
4. Rank also said performance at Mecca Bingo and Enracha Casinos was “in line with expectations” and that operating expenses were tightly controlled across the business. That matters because this is the part of the story PSPs and banks actually care about: revenue held up while compliance and cost pressure stayed in the frame.
5. Separately, Rank plans to include a £5 million provision in its 2025/26 accounts for a proposed regulatory settlement with the UK Gambling Commission. The settlement follows preliminary findings from an ongoing review of Grosvenor Casinos Limited’s operating licence covering compliance issues from 1 November 2024 to 1 May 2025.
6. On 20 May, Rank submitted a settlement proposal offering £5 million in lieu of a financial penalty. The amount was calculated with reference to gross gambling yield and Gambling Commission guidance effective from October 2025. Rank said it is waiting for a formal finalisation letter from the regulator.

Rank’s Spanish branch, including Enracha Casinos, was also hit by a €7.1 million ($8.2 million) payment fraud in December of last year. The company said it reported the matter to law enforcement and carried out an internal investigation with help from an external law firm. For high-risk payment providers, that combination — licensing review in the UK, fraud loss in Spain, and profit still ahead of forecast — is a useful reminder that volume growth does not cancel out operational and regulatory exposure.