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Arena Leisure in line with expectations

By BFN News | 08:05 AM | Friday 06 May, 2011


Racecourse owner and operator Arena Leisure's trading in the first four months of the year has been in line with its expectations. The group said there was 17% growth in average attendance and good contributions from its non-racing income streams: notably from meetings and events on non-racedays, catering operations and the Lingfield Park Marriott Hotel. Arena's seven racecourses staged 140 fixtures in the period (2010: 138) and only one fixture was abandoned due to poor weather (2010: 11). One extra fixture was staged compared with eight in 2010. It said: "We have continued to experience an improving trend across both our corporate custom and total attendance, despite the prevailing economic pressures. "Our view remains that 2011 profitability is unlikely to see a material uplift from 2010 and that Arena is well positioned for growth in 2012." At 8:05am: (LON:ARE) Arena Leisure share price was +0.5p at 30.5p Story provided by StockMarketWire.com

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