The board of the British gaming group announced its intention to return around £325m to its shareholders and pay down debt after completing the sale of its chain of betting shops to rival William Hill for £504m.
Shareholders will be given a choice between receiving income or capital.
John Whittaker will resign as a Managing Director of the Betting Division and will become responsible for Stanley Leisure\’s international bookmaking operations, which include a growing fixed-odds business in Italy and eastern Europe operated either in their own right or through agents.
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