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... For the full story register now for free or login below...