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Gambling.co.uk: Gambling News Archive
Stanley Leisure profit dips 4pc to £40m
Bookmaker hit by punter wins
Monday 18th July 2005
Stanley Leisure delivered a 4pc decline in annual profit, matching expectations, after the British gaming group's bookmaking unit, which was recently sold, was hurt by a run of adverse sporting results. The UK's biggest casino operator with operations at 41 sites, said profit before tax and goodwill amortisation fell to STG40.1m in the year to May 1 from 41.8m, on turnover up 25pc to STG2.077bn.
Describing the results as 'satisfactory', chief executive Bob Wiper said the company was now focusing on consolidating its position as the country's leading casino operator in the run up to impending industry de-regulation. 'We have an exciting STG100m-plus five year investment plan for the significant expansion of our estate, including new licence applications,' he said in a statement.
Source: OnlineCasinoNews
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