Rank adapts to new regulation

Rank adapts to new regulation

Historically, gambling companies didn't worry about where customer money came from. But new UK Gambling Commission rules have made it mandatory for companies to determine the source of funds for high-stake bets. For Rank (RNK), the consequences have been most pronounced in its Grosvenor Casinos business, where sales fell 6.1 per cent to £373m and operating profit declined 6.7 per cent to £48.6m.

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