Monday, August 22, 2016

Bookmakers Rank Group sees no direct impact from Brexit

Aug 23 (Reuters) - Casino operator Rank Group Plc

said on Tuesday Britain's decision to leave the European Union

would have little or no direct impact on its performance, days

after it dropped its joint bid to buy bookie William Hill Plc

.

Rank, the operator of Grosvenor casinos and Mecca bingo

hall, said it was mainly a UK-focused business with limited

exposure to non-sterling earnings.

The company, however, said any impact of Brexit could be

driven by lower UK growth rates or loss of

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