In the United Kingdom and prominent land-based and online gaming operator Rank Group has announced that it recorded an underlying net profit of £40.4 million ($47.6 million) for the twelve months to the end of June despite facing ‘challenging’ market conditions.

The London-listed firm behind 35 Grosvenor-branded casinos used an official Thursday filing (pdf) to state that the figure was ‘in line’ with the £40 million ($47.2 million) prediction it published in June and was considerably better than the £82.4 million ($97.3 million) deficit it chalked up for the previous twelv…