“You can\’t ignore the numbers that are coming out from online gaming and we\’re at present evaluating our strategy,” said the company\’s Chief Executive Bill Mullins.
Today the shares in the casino operator plunged to a 15-month low after the company issued a profit warning as a result of what LCI described as “considerable volatility and a low win percentage.”
Its flagship casino was hurt by a number of high-roller wins and despite the results had recently improved, the company says operating profit for the financial year just ended will be significantly below the prior year.
City\’s analysts hope in a bid by Malaysian conglomerate Genting Berhad, the company\’s leading shareholder, to help underpin the stock.
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