Rank Group, which owns Mecca Bingo and Grosvenor Casinos, saw pre-tax profit fall 7% to £32.8m for the half-year to end of December 2017.
The decline owed much to like-for-like sales at Mecca Bingo falling 3%, with customer visits down 7%
Grosvenor Casinos revealed a 1% dip in revenue against what Rank described as a “challenging consumer backdrop”.
Visits to the casinos were down 7%, which the company insisted was partly caused by refurbishment work in two London venues, with “ongoing customer due diligence controls” also affecting revenues.
Rank’s Spanish business, Enracha, delivered a good venues performance with euro revenue up 6% and euro operating profit up 11%.
The group's UK digital business also continued to deliver strong revenue1 growth, up 16% with a 56% growth in operating profit.
Total group costs were reduced by £6.2m in the period, principally driven by the restructure of the Group's retail and corporate operations.
Group revenue was flat at £354.2m but Rank said it remains confident that expectations for the full year will be met.
Rank CEO Henry Birch commented on the latest numbers: “Along with much of the high street, we have faced a more challenging retail trading environment in the first half.
“2018 promises to be a busy year with continued positive changes, including the launch of a single account and wallet product across Grosvenor’s retail and digital businesses.
“We remain confident in the outlook for the group, with management’s expectations for the full year unchanged.”
In late morning trading, Rank Group shares had slipped 1.3% to 226.50