Major Redundancies Taking Place At Rank Group

The Rank Group who operate Grosvenor Casinos, Mecca Bingo and also have an online business are in the midst of making large numbers of redundancies within the company.

The iGaming Post has been informed from employees within the company that the process is well underway. From our sources the redundancies at present are within the Grosvenor Casino and Mecca Bingo businesses and are currently at management level.

Departments that have been made redundant are in marketing, promotions and VIP service.

With the COVID-19 pandemic impacting hugely on land based casinos in the UK which closed in March and was only allowed to reopen in the middle of August, business so far with current health and safety regulations to protect customers and staff, numbers are reportedly at present below 50% of what attendance and revenues are normally reporting.

According to our sources those figures are not even helping to break even on costs for casinos and the hard decision to make wholesale redundancies has been made.

It is understood that senior management are trying to protect gaming staff such as dealers along with service staff and have identified departments that can be sacrificed due to the current impact on business such as marketing, advertising and VIP sectors.

However should the current situation with revenues and customer attendance continue into Autumn and winter gaming staff will be next to face redundancies it is believed.

Although Rank Group are now making those hard decisions with their staff it is understood that all other casino operators are in the same situation as customer confidence is low and with current restrictions in place gamblers are just not going back to gamble.

It is feared that as much as 50% of the current 12,000 casino people working in the sector could be lost over the coming months if the situation does not improve.

One individual that has been made redundant told the iGaming Post, “I was informed that our whole department was being made redundant and senior management said that currently numbers in attendance and revenues are well below the 50% threshold needed for the company to just break even in operating costs. The situation cannot continue for the medium and long term without major restructuring of the business model and sadly that means job losses.”

The iGaming Post contacted the Rank Group for comment on the story and replied that the company would not be making any comment at this time.