Statement re: Tote
02 Octubre 2006 - 5:38AM
UK Regulatory
RNS Number:7761J
Arena Leisure PLC
02 October 2006
2 October 2006
ARENA LEISURE PLC
Statement with regard to the Tote
Arena Leisure Plc ("Arena"), the UK's largest operator of horseracing fixtures,
confirms that the Department For Culture, Media and Sport has rejected the offer
to acquire the Tote contained within the expression of interest submitted by a
racing industry consortium of which Arena formed a part.
Mark Elliott, Arena's Chief Executive, said today:
"We thought that the offer was a realistic one and so we are disappointed that
it was rejected. However, Arena has always been very clear in its attitude to
acquisitions, stating that, at this stage in our development, they are likely
to be opportunistic in their nature.
"We can now concentrate on realising the many exciting revenue enhancing
development opportunities that are available on our racecourses and delivering
a high quality experience to our customers."
- ends-
For further information please contact:
Mark Elliott, Chief Executive
Arena Leisure Plc Tel: 020-7495-2277
e-mail: contact@arenaleisureplc.com
David Rydell/Geoff Callow
Bell Pottinger Corporate & Financial Tel: 020-7861-3232
This information is provided by RNS
The company news service from the London Stock Exchange
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