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Guoco Group ( (HK:0053) ) just unveiled an announcement.
Guoco Group’s subsidiary, The Rank Group Plc, has announced that the UK Autumn Budget 2025 will significantly impact its operations due to an increase in Remote Gaming Duty from 21% to 40%, resulting in an additional cost of approximately £40 million annually. While the abolition of Bingo Duty offers a minor offset, the substantial rise in digital profitability costs will challenge Rank’s financial performance. Despite these challenges, Rank maintains a strong balance sheet and plans to explore mitigating actions to address the increased tax burden.
The most recent analyst rating on (HK:0053) stock is a Buy with a HK$85.00 price target. To see the full list of analyst forecasts on Guoco Group stock, see the HK:0053 Stock Forecast page.
More about Guoco Group
Guoco Group Limited is a diversified investment holding company with interests in principal investment, property development and investment, hospitality and leisure, and financial services. Its subsidiary, The Rank Group Plc, operates in the regulated betting and gaming industry, with a focus on digital and land-based gaming services.
Average Trading Volume: 9,582
Technical Sentiment Signal: Buy
Current Market Cap: HK$24.25B
Find detailed analytics on 0053 stock on TipRanks’ Stock Analysis page.