Bookies Come Under Whip As Stanley Takes a Beating

Evening Standard - London › January 07, 2005

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Summary

FORMER Ladbrokes boss Cyril Stein described betting as a business that had three windows taking money in and only one paying out. It was a good business to be in, but not these days it seems.

Shares in the big bookies were among the major losers on the stock market yesterday following the profits warning from Stanley Leisure, whose price tumbled 10%.

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Extract

Bookies Come Under Whip As Stanley Takes a Beating

It seems the group now expects pre-tax profits for the full year to be "broadly in line" with the Pounds 41.8 million it made last year. The City had ...

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