Stakes rise as pre-tax profits crash at casino operator
Birmingham casino operator Genting has blamed a “challenging backdrop” for plummeting pre-tax profits and a decline in revenues.
According to annual results recently released, group revenue for the year to 31 December 2018 was £322.1m, down from £337.7m the year before.
Pre-tax profits dropped to £1.9m from £8.6m - and including exceptional items, this became a loss of £2.2m.
The company blamed this in part to a 12% decline in its high-end division. It said that the UK casino market faced increasing pressure due to a... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...