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The sale of one of its sites has impacted the latest results for the leisure group behind Napoleons Casinos and Owlerton Stadium, but an 'acceptable' profit is expected in 2019 with the group currently developing a new banqueting suite and a further casino.
The A&S Leisure Group operates four Napoleons Casino sites in Sheffield, Bradford, Hull and Leeds as well as Owlerton Greyhound Stadium.
Best online live blackjack usa no deposit. Recently filed accounts for The A&S Leisure Group show turnover of £26m was achieved in the year ending 30 September 2018, down from £27.9m in 2017.
Pre-tax profit was £620,521, compared to £1.5m the year before.
The figures included an exceptional write down of £904,381 in respect of the Ecclesall Road, Sheffield site. The site was closed in January 2018 and sold in December.
In their report accompanying the results, the directors said: 'Whilst the directors are confident that an acceptable profit will be achieved in 2019, the current state of the UK economy will put further pressure on business results.
'The current state of the economy with high levels of personal debt, lower Wage settlements and increasing inflation and prices will result in customers having less disposable income available for leisure activities. However the group has strong cash reserves to act as a cushion against any deterioration in the trading position, and efforts continue to reduce costs wherever possible.'
The group is currently developing a new £5.5m conference and events venue in Sheffield (pictured). The OEC will be located Napoleons Casino and Owlerton Sports Stadium, and will feature a range of multi-purpose suites, catering for up to 500 guests.
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A new Napoleons Casino is also being developed in Manchester and both projects are set for completion in late 2019.
