Rank draws circle with Blue Square

Rank Group could be about to sell its online sports betting business Blue Square as it looks to concentrate on its casinos and bingo brands. It said Blue Square, which offers spots betting, an online casino and online slots games, as well as providing sports betting 888, continued to make a losses and that it would ‘review’ the business.
“The business operates solely in the digital channel of the highly competitive sports betting market where it continues to generate an operating loss,” Rank said in a statement. Rank revealed that Blue Square revenue had increased by 19 per cent back in October, but that profitability would be stunted by the cost of a £2m promotional campaign. Despite its 100,000 customers, Blue Square is relatively small compared to Ladbrokes, William Hill and Paddy Power.

User Rating: 0 (0 votes)
By Debs

Leave a Reply

Optimization WordPress Plugins & Solutions by W3 EDGE