John O'Reilly, chief executive of Rank, said:"Weak consumer confidence and pressure on disposable income is resulting in a tougher than expected trading environment for our UK venues businesses, particularly in Grosvenor where we are seeing customers spending less per visit.
"Whilst we expect these challenges to continue to impact our recovery into the second half of the financial year, we have implemented a series of measures to deliver incremental cost savings and to drive revenues."The company said it now expected to report like-for-like underlying operating profit in the range of £10m to £20m for the year ended 30 June 30.Shares, already down by half in the year to date, fell 8%.
Boo-fkn-hoo! These companies are literally evil. Don't get me started on the 3rd party payment sites that help desperate gamblers get around credit and debit card blocks!! Ban the adverts, ban the online sites!
Poor Mecca bingo! How will they be unable to give the staff the bonus they would not have given them anyway. All these poor companies with profits down to just millions from 10s of millions
But it’s still making a profit 🤷♂️
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