ainsoph
- 03 Mar 2003 15:06
Arena Leisure Plc will announce its Preliminary results for the year ended
31 December 2002 on Tuesday, 2 April 2003.
An analyst conference will be held at 9:30am on 2 April, at:
Deutsche Bank
Winchester House
1 Great Winchester Street
London EC2N 2DB
In addition, the Company's AGM will be held at Royal Windsor Racecourse on
Monday, 19 May 2003 at 3.30pm.
ainsoph
- 19 May 2003 16:05
- 13 of 16
ANNUAL GENERAL MEETING ('AGM') STATEMENT
Arena Leisure Plc ("Arena" or the "Company") today held its Annual General
Meeting at Royal Windsor Racecourse. All resolutions were duly passed.
During the AGM, Arena's Group Managing Director, Ian Penrose, made the following
remarks:
"Arena continues to be the UK's busiest independent racecourse operator. A total
of 248 fixtures will be staged at Arena's six racecourses this year, being 20%
of all UK race days. Underlying trading at our racecourse division for the year
to date is significantly ahead of last year. Corporate hospitality bookings for
the summer are encouraging.
"At the time of our preliminary results we announced a unique deal with Gala
Casinos to open the UK's first 'Racino' at Wolverhampton and to extend the
on-site hotel. Planning permission for this development will be submitted within
the next month. Royal Windsor racecourse is a special venue and we have been
working closely with all interested parties on our proposals for the course. We
expect to make further announcements later this year.
"Current trading of attheraces is in line with our plans. As predicted in our
preliminary results announcement, attheraces has already achieved the same
pari-mutuel betting turnover during the first 16 weeks of this financial year as
it did during the whole of 2002. Record viewing figures were achieved during
Aintree's Grand National Festival and attheraces betting turnover continues to
grow monthly, recently achieving its biggest betting week ever. Betting turnover
on international live racing from the US and France is also encouraging.
"As announced on 8 April 2003, the Office of Fair Trading ("OFT") served a Rule
14 Notice to the British Horseracing Board ("BHB") and the Jockey Club following
its investigations into the governance agreements notified to it by these two
bodies. The OFT's investigation has focused on the greater freedom of
racecourses to organise their racing, the amounts that racecourses must offer
owners in prize money and the supply of race and runners data. Arena expects the
BHB and Jockey Club to respond to the OFT's Notice towards the end of June.
Arena will make further announcements in due course with regards to the effect
that this Ruling may have on our racecourse operations.
"Arena also announced on 8 April 2003 that the OFT also issued a Rule 14 Notice
to the Company expressing significant concerns that the 49 racecourses which
sold certain media and betting rights to attheraces in June 2001 acted
collectively in the negotiations. We are currently in discussions with our joint
venture partners in attheraces and with the Racecourse Association as to how an
outcome may be reached which satisfies the OFT. Our initial response will be
submitted to the OFT during June 2003. Further announcements will be made in due
course."
Haystack
- 06 Oct 2003 12:24
- 14 of 16
Very good interim results out for Arena. It looks like it has a lot more to go yet: -
http://moneyam.uk-wire.com/cgi-bin/articles/200309020700292635P.html
Arena Leisure PLC
02 September 2003
Arena Leisure Plc ('Arena' or the 'Group')
Interim results for the six months ended 30 June 2003
Highlights
Financial
Group turnover increased by 22% to 19.1m (2002: 15.6m)
Group EBITDA increased by 114% to 4.1m (2002: 1.9m)
Group operating profit increased by 209% to 3.2m (2002: 1.0m)
attheraces losses reduced to 5.6m
Pre tax loss reduced by 55% to 2.0m (2002: 4.5m)
At 30 June 2003:
- Bank and other debt reduced by 62% to 2.2m (31 December 2002: 5.8m)
- Cash on blocked deposit of 2.8m (31 December 2002: 10.5m)
Operations
Racecourse attendances up 17%
Prize money increased by 28% to a record 5.7m
Partnership announced with Gala Group to develop the UK's first
racecourse casino at Wolverhampton - planning application submitted
Investment in improved facilities at Lingfield Park, Wolverhampton and
Folkestone racecourses
attheraces now available to 8.9m digital TV homes
Commenting on the interim results, Ian Penrose, Arena's Group Managing Director
said:
'These results demonstrate the solid performance which Arena has delivered
during the first half of the year. With racecourse attendances increasing by 17%
and the potential benefits arising from anticipated change within the racing
industry, I remain confident about Arena's future prospects.'
Charmed one
- 19 May 2004 15:50
- 15 of 16
CAS Arena Leisure : Preferred bidder for Doncaster
19-May-2004 15:42
Arena Leisure today said it has been
appointed as the preferred bidder for
the Town Moor Development Project. The
conclusion of the joint venture
arrangement is subject to due diligence
and final terms and conditions being
agreed.
Doncaster Racecourse at Town Moor is a
Group One track, hosting 29 race
fixtures throughout the year. It is
also home to the St Leger, the oldest,
classic horserace in the world, which
is held annually in September. The
racecourse also has conference and
exhibition facilities.
ICV Edited News from Dow Jones
1442 GMT May 19 2004
8ace
- 14 Nov 2006 09:58
- 16 of 16
Anyone know why these have woken up. Long time/term holder.