Stanley Leisure Suffers Heavy Losing Streak
Last updated: 13/03/2008 16:26
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In a rare case of the house coming off worst, Stanley Leisure has reported a 13% drop in profits after a heavy losing streak at one of its most exclusive UK casinos.
The UK gaming group, which runs 41 casinos and 640 betting shops, saw its pre-tax profits fall to £21.5m ($39.6m) in the six months to 26 October.
Stanley said a run of big wins for high stake players at its prestigious Crockfords UK casino, in London's Mayfair, had eaten into the company's earnings.
But the performance of its betting shop division remained robust, Stanley said.
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