Grosvenor Casino Profit Warning
2021年1月18日Register here: http://gg.gg/nvvwp
The UK’s two most prominent operators of five-a-side football pitches are examining a surprise merger that would create a major international leisure player.
*Grosvenor Casino Profit Warning 2019
*Grosvenor Casino Profit Warning Template
Sky News has learnt that stock market-listed Goals Soccer Centres and privately owned Powerleague have been discussing a combination of the two businesses.
In a financial statement Rank Group has warned that poor performances from its land based Mecca Bingo and Grosvenor Casino brands will reduce expected full year profits. In the last 13 weeks to April 1 2018 the group’s total revenue fell by two percent with Mecca operations dropping by two percent, and its Grosvenor brand by nine respectively. Mecca Bingo’s revenue fell by 2%, Grosvenor’s venues revenues fell by 9%, although digital revenue grew by 17%. As a result, the firm’s management now expects full year operating profit to be in the range of £76 million to £78 million, below analysts’ consensus of £83 million. Annual profits at Rank Group fell more than 40% as a challenging year for Grosvenor Casinos offset better balls for the Mecca bingo business. FTSE 250 17,555.87. The governance of Rank Group Plc has today issued a corporate profit warning, detailing that its Grosvenor Casino and Mecca Bingo venues have been negatively impacted by adverse UK weather conditions recorded during Q1 2018. Updating the market, Rank details that March’s snowstorm has impacted customer activity/engagement with its UK Grosvenor and Mecca properties. Goals, which was loss-making in 2015, returned to profit last year, and appointed Mark Jones, a former Grosvenor Casinos executive, as its new boss. It also raised nearly £17m from investors to.
It was unclear on Saturday what stage any discussions were at and what the likelihood of an eventual deal was.
A tie-up between Goals and Powerleague, which between them operate roughly 100 sites, would significantly increase their UK presence, as well as bringing under one corporate umbrella their venues in Ireland, the Netherlands and the US.
It was also unclear this weekend whether their substantial combined presence in the UK would trigger any competition issues, or how these might be addressed.Advertisement
Goals, which was loss-making in 2015, returned to profit last year, and appointed Mark Jones, a former Grosvenor Casinos executive, as its new boss.Grosvenor Casino Profit Warning 2019
It also raised nearly £17m from investors to pay down debt.More from Business
The company has a market capitalisation of just under £77m.
Powerleague trades from more than 750 football pitches, and also owns Powerplay, a league operator across 240 UK venues.
In addition to football, it has a multi-sport offering including basketball, dodgeball and netball.
The company was bought by Patron Capital Partners, which focuses on buying businesses with substantial real estate assets, in 2009 in a deal which put an enterprise value on Powerleague of about £80m.Grosvenor Casino Profit Warning Template
Previously listed on the London stock market, Powerleague has been expected to be put up for sale by Patron for some time.
The structure of a deal between Goals and Powerleague has yet to be finalised, according to insiders.
Register here: http://gg.gg/nvvwp
https://diarynote.indered.space
The UK’s two most prominent operators of five-a-side football pitches are examining a surprise merger that would create a major international leisure player.
*Grosvenor Casino Profit Warning 2019
*Grosvenor Casino Profit Warning Template
Sky News has learnt that stock market-listed Goals Soccer Centres and privately owned Powerleague have been discussing a combination of the two businesses.
In a financial statement Rank Group has warned that poor performances from its land based Mecca Bingo and Grosvenor Casino brands will reduce expected full year profits. In the last 13 weeks to April 1 2018 the group’s total revenue fell by two percent with Mecca operations dropping by two percent, and its Grosvenor brand by nine respectively. Mecca Bingo’s revenue fell by 2%, Grosvenor’s venues revenues fell by 9%, although digital revenue grew by 17%. As a result, the firm’s management now expects full year operating profit to be in the range of £76 million to £78 million, below analysts’ consensus of £83 million. Annual profits at Rank Group fell more than 40% as a challenging year for Grosvenor Casinos offset better balls for the Mecca bingo business. FTSE 250 17,555.87. The governance of Rank Group Plc has today issued a corporate profit warning, detailing that its Grosvenor Casino and Mecca Bingo venues have been negatively impacted by adverse UK weather conditions recorded during Q1 2018. Updating the market, Rank details that March’s snowstorm has impacted customer activity/engagement with its UK Grosvenor and Mecca properties. Goals, which was loss-making in 2015, returned to profit last year, and appointed Mark Jones, a former Grosvenor Casinos executive, as its new boss. It also raised nearly £17m from investors to.
It was unclear on Saturday what stage any discussions were at and what the likelihood of an eventual deal was.
A tie-up between Goals and Powerleague, which between them operate roughly 100 sites, would significantly increase their UK presence, as well as bringing under one corporate umbrella their venues in Ireland, the Netherlands and the US.
It was also unclear this weekend whether their substantial combined presence in the UK would trigger any competition issues, or how these might be addressed.Advertisement
Goals, which was loss-making in 2015, returned to profit last year, and appointed Mark Jones, a former Grosvenor Casinos executive, as its new boss.Grosvenor Casino Profit Warning 2019
It also raised nearly £17m from investors to pay down debt.More from Business
The company has a market capitalisation of just under £77m.
Powerleague trades from more than 750 football pitches, and also owns Powerplay, a league operator across 240 UK venues.
In addition to football, it has a multi-sport offering including basketball, dodgeball and netball.
The company was bought by Patron Capital Partners, which focuses on buying businesses with substantial real estate assets, in 2009 in a deal which put an enterprise value on Powerleague of about £80m.Grosvenor Casino Profit Warning Template
Previously listed on the London stock market, Powerleague has been expected to be put up for sale by Patron for some time.
The structure of a deal between Goals and Powerleague has yet to be finalised, according to insiders.
Register here: http://gg.gg/nvvwp
https://diarynote.indered.space
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