Rank Group – the owner of UK-based chain Grosvenor casinos – is set to ramp up the number of gaming machines in its casinos after the government said it would relax gambling laws.
Shares in the group soared nearly eight per cent on Wednesday morning.
The firm said the government’s review of the 2005 Gambling Act had allowed it to “enable land-based casino reforms”.
The casino owner plans to add 882 fresh gaming machines to its Grosvenor collection, which currently stands at 1,367. Total machines following the reforms could top 3,112, the firm said, and requires investment it “expects to gradually complete over the next two to three years”.
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