The RNS content of this site is owned, managed and hosted by UK-Wire Ltd.
Search
Latest FTSE100 FTSE250 AIM Company Category Sector All Archives


click here to view a printable version of this article click here to view a landscape printable version of this article click here to mail this article to a friend
Stanley Leisure PLC
14 September 2006



                                                               14 September 2006

                              STANLEY LEISURE PLC

                                 AGM STATEMENT


Lord Steinberg, Non-Executive Chairman of Stanley Leisure plc, will be making
the following statement today at the Company's AGM:



Stanley has experienced a reasonable start to the financial year.



Trading in the provincial estate has been satisfactory with attendance levels up
11 per cent. on a like-for-like basis and Stanley continues to enjoy good
results from the additional machines it has installed following the 'early
freedoms'.



In the London casinos, Stanley has experienced good attendance levels in line
with normal seasonal patterns. Losses to major players have however had an
impact on the win margin, which remains lower than budgeted.  Results in London
can change quickly, depending on the luck of players.



Stanley's International Betting Operation has had a mixed start to the year,
experiencing record levels of business but unfortunately poor results, driven by
the FIFA World Cup tournament. As a consequence of these results, this
tournament made a negative contribution to our business.



On 11 September 2006, the boards of Stanley and Genting International PLC
('Genting International') announced that agreement has been reached on the terms
of a recommended cash offer of 860 pence per share for the entire issued and to
be issued ordinary share capital of Stanley (the 'Offer').  This offer values
the fully diluted ordinary share capital at approximately £639 million.  We
believe that it represents fair value and provides appropriate certainty for our
shareholders.





Enquiries:


Stanley Leisure plc                                      Tel: 0151 237 6000
Bob Wiper, Chief Executive
Colin Child, Finance Director

Hudson Sandler                                           Tel: 0207 796 4133
Michael Sandler
Sandrine Gallien
Kate Hough




                      This information is provided by RNS
            The company news service from the London Stock Exchange