The group said its international betting division, which consists of joint ventures in Italy, Croatia and Romania, had started the year quietly, but pointed out that the business is heavily dependent on the football season. Stanley Leisure confirmed a plan to return 327m to shareholders, following the sale of its UK betting shops to William Hill
Shareholders can opt to receive the equivalent of 250 pence per share in the form of either a dividend (A share), capital (B share), or a combination of both.
Holders of A shares will receive a one-off special dividend, while those opting for capital will see the B-shares admitted to the stock market and pay an annual dividend.
The company, which sold its betting shops to concentrate on casinos, said in a statement that despite the new financial year had started satisfactorily, “results can change quickly depending on the group\’s luck and that of its players.”
Chief Executive, Bob Wiper, said the group is well placed for the auction of new casino licenses and he is confident of adding five casinos to its 41-estate before the new Gambling Commission is set up later this year.
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