Stanley Leisure Takings Dented
By Alec Raines, Oct 21st 2005LONDON As reported by AFX: "Stanley Leisure PLC, Britain's biggest casino operator, warned takings at its high-end London gambling parlours had declined in recent weeks following July's terrorist attacks on the capital.
"Stanley Leisure shares fell as much 3.4 pct before paring losses.
"In a statement, chairman Lord Steinberg, said the decline in attendance levels and revenues, in what is traditionally a busy period, was 'consistent with broader trends seen amongst London-based leisure and retail operators'.
"…Stanley Leisure shares fell 20.5 pence before recovering to stand 7.5 pence, or 1.4 pct, adrift at 598 by 4.20 pm, valuing the business at around 772 mln stg.
"…He speculated many of the rich and famous, a large number of whom traditionally de-camp to London during the summer social season, attending events such as the Henley Regatta and the Ascot horse race meeting, had been scared off by the bombs…"
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