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RANK PLACES BETS ON GAMBLING CHANGE
Leisure group Rank says five years of
investment in its casinos will pay off
when UK gambling deregulation begins to
take effect from next month.
The group's first half revenue rose
from £757.7m to £870.5m, but pre-tax
profits dipped from £66.9m to £60.2m.
Rank blamed higher costs at its Mecca
chain and weaker sportsbook margins at
Blue Square. Its Hard Rock Cafe chain
saw operating profit up 40% at £16.4m.
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Shares index 510 Market report 511
HELP OTHERS - COMMUNITY NEWS p147
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