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flag CEO John O’Reilly to retire amid €7.1M fraud and £40M earnings drop from tax hikes.

flag Rank, owner of Mecca Bingo, announced CEO John O’Reilly will retire on January 29 after nearly eight years, with CFO Richard Harris taking interim leadership. flag O’Reilly’s departure follows a €7.1 million fraud in Spain and a UK tax hike on remote gaming from 21% to 40%, expected to cut annual earnings by £46 million—partially offset by a £6 million benefit from removing bingo duty, resulting in a net £40 million shortfall. flag Chairman John Ott praised O’Reilly’s leadership, stating the company remains on strong footing.

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