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Changes Will Occur Due to an Online Casino Group Losing Their Rank
 April 7, 2007, 11:01 am (4 years ago)The shares in Leading Leisure and Gaming group rank is expected to tumble by more than seven percent due to the fact that Chancellor Gordon Brown’s announcement was made stating that remote gambling will be hit on the head with a fifteen percent tax rate. Shares in the Leading Leisure and Gaming rank has fell over sixteen points to two hundred and eight points which takes their dip in points over the past two sessions to eleven percent.
Before the announcement by Gordon Brown, the rank had confirmed that it would indeed be able to maintain this year’s dividend payout. However, the financial experts have suspected that this may now be a difficult thing for the company to do. Analyst Nigel Hicks from the Investment Bank Cazenove stated that “we are concerned that the six point dividend of 2006 may not be held this year or in the following two years with thin cover on EPS of 6.7 points to 7.9 points. The evolution analyst Nigel Parsons later added to the succession of broker downgrades, slashing his expected price for the stock to one hundred and ninety five points from two hundred and seventy points and changing his recommendation to sell from add. He stated “the changes to casino duty have wiped out all ranks forecast casino growth and reduced its attractiveness as a buyout target”.
With this being said it really isn’t said what is going to happen. The Leading Leisure and Gaming group rank expects that it will tumble by more than seven percent whereas other announcements had confirmed that the decline would not be a problem in payout. However, there are a few factors that gather together to make things possible, if all of those things do form together there will be a better chance for the company to be able to meet its years dividend payout and not take such a fall. However, in order to make this happen, everyone needs to work together as a group and promote the business so that it can get all of the factors up that they depend on to make the year’s dividend able to happen.
When it comes to gambling and all other online services it is important that everyone involved is on the same page about the services so that everyone understands what is going on all at the same time.
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