Betting levy impacts revenues at Arena Leisure

REVENUES at racecourse owner and operator Arena Leisure decreased by £1.9m in the first half of 2011.

In its six-month results for the period ended June 30, 2011, the company, which runs Worcester and Wolverhampton racecourses, said revenues fell from £30.1m in 2010 to £28.2m.

This figure was impacted by the previously announced reduction in levy funding received by the group of £4.9m. Excluding levy income, revenues grew by £3m to £22.5m.

Profit before tax and interest decreased by £0.6m to £1.4m, primari... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...