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CSFB Advice Causes Stanley Leisure to Dip

15 July 2004

UNITED KINGDOM – As reported by the UK Times Online: "Stanley Leisure traded lower as a leading stockbroker advised clients to steer clear of the bookmaker and casino operator ahead of next week's full-year results.

"Investor sentiment towards the FTSE 250 gaming group remains fragile after its profit warning in May, which it blamed on losses at its Crockfords casino throughout the year and at its Colony Club in the second half. Credit Suisse First Boston underlined that caution yesterday by repeating its neutral stance, suggesting that investors should keep a close eye on the timing of the collection of receivables from its casinos.

"…It also believes the share price reflects anticipated benefits from casino deregulation, which may be subject to delay until next year. Stanley shed 2½p to 416p, with the FTSE 250 down 37.6 at 6071.8…"

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CSFB Advice Causes Stanley Leisure to Dip is republished from Online.CasinoCity.com.