Rank to Cut Bingo Jobs, Shut Head Office to End Slide
Sept. 1 (Bloomberg) — Rank Group Plc, the owner of Hard Rock cafes and Grosvenor Casinos, will cut jobs at its Mecca bingo halls and close the company’s headquarters to bolster efforts to end three years of deteriorating earnings.
Related Bingo News:
- Rank to axe 200 bingo jobs
- Rank Will Shut Nine Bingo Clubs Before Smoking Bans
- Charges force online betting group to shut HQ
- Rank axes 240 jobs at group head office and Mecca Bingo UPDATE
- Number’s up as bingo halls to close
- Rank bad news for bingo giant
- Rank sells bingo halls
- Rank rises above ban on bingo smokers
- Rank in £172m bingo and casino sell-off
- Rank sees falling bingo numbers after ban
- Rank recovery on track as bingo giant battles the smoking ban
- Gala and Rank call for tax breaks
Gambling casinos history:
- Dog racing (a race among greyhounds who chase after a mechanical rabbit) operates in 17 states. Jai-alai (a game similar to handball) is legal in just three: Connecticut, Florida, and Rhode Island.
- One of the oldest casinos in Europe, at Baden Baden in Germany, was opened in 1748 by Edouard Benazet, who employed Parisian craftsmen to design the stylish rooms.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- Baccarat is the principal of casino card games in the United Kingdom and Europe. Blackjack is a fixture in all American casinos.
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