Online Bingo News - New Apps Increase Rank’s Revenue
12th of May 2012 - latestbingoobonuses.com
After a decrease in player attendance at their land based bingo clubs, Rank, owner of Mecca Bingo, has released its latest financial update proving the success of their new iPad application. It has managed to offset the hit they have taken at their traditional bingo clubs.
Online bingo saw a 19% increase in revenue which can be attributed to the launch of a Mecca app for the iPad.
Rank’s online division, including Blue Square and grosvenorcasinos.com, have also seen an increase in sales with a 17% rise also helped by the launch of 15 new mobile games.
Shares in the company have risen 3% following the update as Rank has indicated that their annual results would be on target.
Ian Burke, the Rank Chairman, said, "I am pleased that the group continues to achieve solid revenue growth despite a challenging trading environment."
James Hollins, an analyst at Investec, Rank’s trading update was "encouraging" and the general growth in sales is "a strong result given wider macro and industry headwinds in its core territories".
He also believes that gaining market share due to online bingo operations will cause the company to show good trading results.
Bingo Software General Bingo News
2nd of April 2012
15th of September 2013
9th of December 2013
8th of December 2013
1st of December 2013
16th of October 2013
21st of October 2013
12th of October 2013
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Gambling Help Site Map
LatestBingoBonuses.com © 2006-2013