Top Rank Bingo

Rank Group, the owner of Mecca Bingo, will on Thursday tap investors for new funds as the second lockdown in England hammers an industry already hurt by the coronavirus pandemic.

Sky News has learnt that Rank will signal plans for a share placing that is expected to raise tens of millions of pounds to strengthen its balance sheet.

Under emergency rules, companies can raise up to 20% of their market value from a fast-track placing, which in Rank's case would equate to roughly £70m.

Cascades casino bingo. It was unclear on Wednesday night whether that represented the extent of the gambling group's fundraising plans.

The proposals may prove controversial among shareholders in Rank, which also owns the Grosvenor casinos chain.

Rank's businesses include a number of established brands in gaming and leisure. These include Mecca Bingo, Top Rank Espana, Grosvenor, Grosvenor Casinos Spin and Win Casino, Magical Vegas Casino, Regal Wins Casino, Lucky VIP Casino, Aspers Casino, Kitty Bingo and Lucky Pants Bingo. Slotomania civil treasures game mania free play. An online bingo player's guide for internet bingo sites. Ranked by popularity to help you find the top bingo sites on the web.

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2. Licensed and regulated by The Gambling Commission under licence 2396 for customer playing in our land-based bingo clubs. Mecca Bingo is part of the Rank Group. MECCA® and the MECCA logos are registered trade marks of Rank Leisure Holdings Ltd. Please gamble responsibly and only spend what you can afford.

Last week, Sky News revealed that Rank faced a backlash at its annual general meeting this month over proposals to hand top executives big share windfalls a year earlier than it had previously indicated.

The company has been 'red-topped' by the Investment Association's IVIS service, while Institutional Shareholder Services (ISS), a voting advisory firm, has recommended voting against Rank's board on the issue.

Any revolt by institutional shareholders will be diluted by the fact that Rank is majority-owned by a single Malaysian shareholder.

Nevertheless, a big protest would be embarrassing for Rank after it furloughed thousands of its employees as a result of the COVID-19 crisis.

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It could also complicate efforts to secure shareholder support for the equity-raising.

Last week, Rank announced that it was selling its casino business in Belgium for £25m. Baby gift bingo.

A Rank spokesman declined to comment.

Mecca Bingo (formerly called Top Rank) is a UK-based company and operator of 76 bingo clubs located across major towns and cities. Mecca Bingo is owned by The Rank Group, which operates bingos, casinos and online gaming industries across Belgium, Spain and the UK. Rank Group also own Grosvenor Casinos and Enracha. Mecca Bingo was established in 1961, and its headquarters is in Maidenhead.^[1] An extension of the Mecca Bingo brand includes meccabingo.com and a number of mobile apps. Mecca Bingo is the largest National Bingo Game operator in the UK.

As of June 2015, Mecca Bingo's revenue was recorded at £224.4 million, with an operating profit of £28.9 million.^[2] The Rank Group reports there are one million customers who visit Mecca each year, with £65.2 million revenue generated from digital. The Mecca network currently employs more than 11,000 people across the UK.^[3] Their halls host traditional and electronic versions of bingo, including slot-style games. Mecca are licensed and regulated by the UK Gambling Commission and the Alderney Gambling Control Commission.

History[edit]

Eric Morley, British TV host and founder of the Miss World pageant, is accredited with popularising the game of bingo in the United Kingdom during the early sixties, as a tactic to fill the UK's dance halls. In 1952, he was Mecca's general manager of dancing, and was made a director in 1953. With Mecca, Morley helped to popularise bingo which was played at Mecca venues throughout the United Kingdom. He changed the company from a small catering and dancing firm into a leading entertainment and catering company in the UK. A director of the company from 1953 up until 1978, Morley left the business after a disagreement with its then parent company, Grand Metropolitan.^[4]

In 1990, the Rank Organisation made an offer of £512m to acquire Mecca Leisure Group. This was initially rejected, then accepted two months later.^[5] In 2007, Mecca Bingo and its parent company suffered significant losses, attributed to the implementation of the smoking ban in the UK. Rank shut nine Mecca Bingo clubs, with 230 people losing their jobs.^[6] In 2015, Mecca Bingo launched a marketing campaign featuring a twerking cactus. The campaign adverts helped to increase Mecca's digital sales by 18 per cent, year on year, in the 20 weeks to 17 May.^[7]

Controversy[edit]

On 25 December 1997, members of the Muslim community in Luton, Bedfordshire, were outraged by a local bingo hall changing its name from ‘Top Rank' to ‘Mecca,' which is also the name of the holiest Islamic city. Protesters, angered by the link between the holy city and the practice of gambling, which is forbidden in Islam, threw bricks through the bingo hall's windows, causing £3000 of damage.^[8] Subsequently company management said the 'Mecca' name would be dropped from the bingo hall as a result of the unrest and offence caused.^[9] However as of 2018, some 21 years on, the company's own branch locator on their website confirms that the Mecca brand is still being used in Luton.

In December 2015, Mecca Bingo was ordered to forfeit nearly £1 million after allowing a woman to spend up to £50,000 a month on her gambling addiction.^[10]

Awards[edit]

Top Rank Bingo Doncaster

Mecca Bingo was awarded ‘Bingo Operator of the Year' at the 2016 International Gaming Awards.^[11] It won the same award in 2014 and 2015, with Rank Group also winning ‘Socially Responsible Operator of the Year Land Based'.^[12][13]

Mecca Bingo won two awards at the 2016 EGR Innovation and Marketing Awards:^[14] ‘Best Native App' and ‘Innovation in Bingo' for their Emoji Bingo game – an App that swaps bingo balls for emojis.

In 2017 Mecca Bingo won WhichBingo awards for Best Customer Services and Most Socially Responsible, along with the EGR award for Best Mobile Bingo Product.

References[edit]

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1. ^'Our Business - Rank Group Plc'. www.rank.com. Retrieved 2016-09-12.
2. ^'Mecca - Rank Group Plc'. www.rank.com. Retrieved 2016-09-12.
3. ^'Meet the man trying to breathe new life into bingo'. Retrieved 2016-09-12.
4. ^'The Long History Of Mecca Bingo'. 2009-12-10. Retrieved 2016-09-12.
5. ^'The Rank Group plc - Company Profile, Information, Business Description, History, Background Information on The Rank Group plc'. www.referenceforbusiness.com. Retrieved 2016-09-12.
6. ^Kollewe, Julia (2007-03-03). 'Mecca Bingo halls struggle in face of all-out smoking ban'. The Guardian. ISSN0261-3077. Retrieved 2016-09-12.
7. ^'This is how a dancing cactus has helped boost business at Mecca bingo'. 2015-05-21. Retrieved 2016-09-12.
8. ^'Mecca bingo hall outrages Muslims'. 1998-01-07. Retrieved 2016-09-12.
9. ^'Mecca bingo hall drops name after Muslim protests'. BBC. 1998-01-14. Retrieved 2016-09-12.
10. ^'Bets pay off for Mecca bingo owner Rank Group'. Retrieved 2016-09-12.
11. ^'IGA Winners 2016'. 2015-12-01. Retrieved 2016-09-12.
12. ^'IGA Winners 2014'. 2014-01-02. Retrieved 2016-09-12.
13. ^'IGA Winners 2015'. 2015-01-22. Retrieved 2016-09-12.
14. ^'Winners'. Retrieved 2016-09-12.

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