Proactive Investors
15 Oct 2026, 08:53 UTC · 4h ago
Rank Group warns higher gaming duty could cost jobs and venues
Impact · against what's priced in
Rank Group shows resilience with 5% LFL revenue growth, but the outlook is clouded by significant tax risk. The potential for higher Machine Games Duty creates a downside catalyst that could undermine current FY profit guidance.
- RNK+0.10
No priced-in read yet
- In context
The company reported 5% like-for-like revenue growth to £216.1 million and met profit expectations, though these gains are offset by the closure of three non-viable venues and warnings that pending tax hikes could force further closures.
Read from the article alone
