The Rank Group Plc has announced its earnings so far for 2005, and overall, earnings are up to expectations. While their UK bingo business, including Mecca Bingo, did not see a significant rise in earnings overall, bingo profits in Spain have increased, partially due to the addition of a new club in the end of 2004.
The Rank Group hopes that bingo earnings will improve due to the passing of a new law in the UK which will allow bingo halls to offer unlimited multiple bingo games, and will remove the current limits on stakes and prizes for bingo games, but since the laws have not yet been implemented, it is not clear whether the impact will be felt in 2005.
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