UK's Rank Group falls after warning on UK gaming tax impact

** Shares of UK gambling group Rank Group RNK.L down 4.1% at 84.5p

** UK government raised Machine Games Duty to smaller-than-feared 25% on Wednesday

** Co expects the move to add ~£2 mln ($2.67 mln) to duty costs in FY2027, ~£9 mln on an annualised basis before mitigation measures

** "We believe that Rank can maintain solid operating profit growth despite the Machine Games Duty change. With the UK Budget behind us, investors can focus on Rank’s low valuation" - Peel Hunt analysts

** As of last close, RNK down 11.3% YTD

($1 = 0.7500 pounds)