Analyst Research Report Snapshot

Title:

LEISURE & GAMING - Q4 TRADING UPDATE

Price:

$10.00

Provider:

Edison Investment Research

Date:

29 Jan 2010

Pages:

2

Type:

AcrobatPDF

Companies referenced:

PHMJ.J QL3A.BE

Available for Immediate Download
Summary:

Leisure & Gaming (L&G) has reported 12% growth in Q4 net win with strong growth in poker. Sports volumes were below our expectations, partly due to the weather, and we reduced our 2009 PBT estimate by €0.4m – still a good performance given the recession. L&G is investing in new software and the benefits of this, plus new Italian casino games, will mainly come through in 2011. Meanwhile, any DoJ settlement would be excellent news but the timing remains uncertain. FOR MORE INFORMATION ON THE ATTACHED RESEARCH PLEASE CALL 020 3077 5700, EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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