Casinos.co.uk: Casino News Archive
Thursday 27th January 2005
Casino company plans for UK shake-up
Stanley Leisure has said it would consider bidding for all of the 24 new casinos permitted under a relaxation of UK gaming laws.
Stanley has voiced its interest after the UK Government reassessed its casino plans to allow only 8 Vegas style casinos and a further 16 small to medium sites.
Bob Wiper, the Stanley Leisure chief executive, said: 'We will consider tendering for all 24 new casinos as currently proposed in the Government’s latest Gambling Bill.'
Although pre-tax profits before goodwill were up by 14 per cent to £25.1 million during the six months to October 31, the group confirmed that its haul for the full year was unlikely to beat the £41.8 million reported last year.
In addition to the winning streak by a high roller, Stanley has also suffered from unpaid debts at its casinos and adverse sporting results at its chain of 600 bookmakers. A small number of casino gamblers have not settled their accounts and these debts might not be recovered fully before the end of its financial year in March, the company said.
Stanley added that racing results have been poor at a time when Premiership title challengers Arsenal, Manchester United and Chelsea were enjoying winning runs.
Lord Steinberg, the Stanley Leisure chairman, said: 'Although individually these factors could be described as normal fluctuations, in aggregate they have had an impact on our outlook for the financial year.'
Source:OnlineCasinoNews
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