Wembley has reported flat pre-tax profits following a difficult year that included an indictment against one of its US operations.
The gaming group that recently agreed to a cash takeover by Las Vegas-based MGM Mirage also suffered from the strengthening of sterling against the dollar.
Operating profit from continuing operations, after exceptional items, fell from £38.9m to £27.1m.
Pre-tax profit was steady at £26.1m on turnover that fell from £115m to £98m.
References: Financial Times 25/02/04 page 22 (News Digest), The Daily Telegraph 25/02/04 page 31, The Times 25/02/04 (Compact) page 26 (Need to Know), The Guardian 25/02/04 page 19 (In Brief)
