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Guoco Group ( (HK:0053) ) has shared an announcement.
The Rank Group Plc, a subsidiary of Guoco Group Limited, announced the impact of the UK Autumn Budget 2025, which includes an increase in Remote Gaming Duty and the abolition of Bingo Duty, effective from April 2026. These changes are expected to reduce the Group’s operating profit by approximately £40 million annually. The company is exploring mitigating actions to address the increased costs, particularly in its UK Digital business, and remains confident in its strong balance sheet and ability to meet financial covenants.
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 operates in the financial and investment sectors, with its subsidiary, The Rank Group Plc, being listed on the London Stock Exchange. The Rank Group is involved in the gaming industry, focusing on digital gaming and bingo operations.
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.