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Evening Standard
Evening Standard
Business
Bradley Gerrard

No full house at Rank as low customer numbers prompt profit warning

Fewer customers have returned to Grosvenor Casinos than expected, prompting its owner Rank Group to issue a profit warning.

(Picture: Rank Group)

Casino and bingo hall owner Rank Group has issued a significant profit warning as the hoped-for return of customers to its London venues has been lower than expected.

The firm said it now predicts its like-for-like adjusted operating profits to be roughly £40 million for the year to end-June compared to the previously guided range of £47 million - £55 million.

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