Stanley Leisure loses momentum on fears of casino setback - 2004-01-13
Investors were busy laying bets against Stanley Leisure yesterday amid concerns that the group's casino division may let it down when the company posts interim results later this month. Stanley Leisure dropped 9.75p to 392.25p as dealers reported rumors that the gaming company's casinos have registered nasty losses to a few high rollers.
The company's latest trading statement, at the end of November, saw it complain about difficult times for its casinos.
Stanley Leisure said that while the unit's win margin had started to improve, this had not been enough to recapture the losses to high rollers encountered in the first few months of its financial year.
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