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flag Rank's Spanish unit lost €7.1M in a fraud, but company remains optimistic amid tax changes and expansion plans.

flag Rank, owner of Mecca Bingo, revealed its Spanish subsidiary suffered a €7.1 million (£6.2 million) payment fraud, prompting a police report and internal investigation. flag The loss will be treated as an exceptional item in its 2025/26 results. flag The company faces ongoing pressure from the UK’s increased remote gaming tax, expected to cut annual earnings by £46 million, partially offset by a £6 million bingo duty removal, resulting in a net £40 million impact. flag Despite this, Rank remains optimistic, citing investments in customer safety and new government reforms allowing more gaming machines and sports betting in casinos, with plans to add 850 machines this year. flag Analysts expect strong interim results on January 29, viewing the fraud as isolated.

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