Bingo Club Owner Rank Warns Investors Of Upcoming Rocky Road

Rank is feeling the effects of several different things that have caused a drop in their profits. Now, they have warned investors that the upcoming year could also be a tough one.

Rank is an operator of Bingo clubs. The company has fallen on some tough times lately. They have closed eleven bingo clubs, but still has 103 others, including a new one.

There have been signs of improvement at the companies Mecca Bingo clubs. Operating profits last year fell over 31 percent, but have improved of late. Underlying profits fell seven percent in 2007.

The smoking ban that went into effect was a major contributor to the company losing profit. The company is now finding different ways to rebound from the ban. It is building smoking enclosures, and by the end of 2008 hopes to have them at fifty of their bingo clubs.

The company is also taking other steps to improve people's experience at their clubs. They are upgrading the food. they also are adding electronic bingo games so that players can play more games.

March 2, 2008
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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