Grosvenor Casino Profit Warning

One of his luckiest sessions came one December, when Green took a trip to a Mayfair casino. A few hours later, Green had pocketed a mind-boggling £2 million – an amount large enough to trigger a profit warning at the casino. In September 2015, Mitchells & Butlers issued a profits warning and dismissed CEO Alistair Darby. He was replaced by Phil Urban, who joined as COO in January from Grosvenor Casinos and previously ran Whitbread's pub restaurants division.

As any casino-goer will know, roulette has the power to reward and frustrate even seasoned players. If you’re not one for roulette systems, there is only one way to win at the wheel – and that’s with lady luck by your side.

So, to show you how it’s done, we’ve rounded up the all-time luckiest roulette players, below. Prepare to have your mind blown….

Philip Green – £2 million

Fashion mogul, Sir Philip Green, is well-known for racking up chips in London’s top casinos, but few would expect this billionaire to come top of the roulette biggest winners list.

After walking away from the roulette wheel with a hefty pay cheque in hand, the billionaire was quoted as saying, “I had a fantastic night at the tables.”

We’d hope so, Philip…

Mike Ashley – £820,000

As if multi-billionaire Mike Ashley didn’t already have enough wonga in his bank, a win at a London casino in 2008, saw him increase his wealth considerably. It was on this evening that Ashley pulled up a pew at the roulette table and developed a fondness for the number 17.

Ashley placed a series of ‘complete bets’, where each bet included successful combinations of the number 17. After just fifteen minutes, the sports tycoon scooped a whopping £820,000.

Chris Boyd – £166,000

Unlike the other big names on our list, Chris Boyd is a relative nobody. However, this didn’t stop him racking up a stellar £166k at the roulette wheel in 1994.

With $220,000 (£160k) in his pocket, he was ready to take on Binion’s Horseshoe Casino in Las Vegas, a casino which lifted their $100k bet limit so that he could play. Unfortunately for the casino, this would turn out to be a huge mistake, as Boyd, who put all his money on red, would go home with double the amount he wagered. Today, the roulette maestro hasn’t bet with any of his earnings and is yet to chase red again.

Ashley Revell – £153,680

This story begins at Revell’s local pub. It was here that Revell told his fellow hopheads that he would sell his life savings and put their accumulated wealth on a single spin of the roulette wheel. So far, so crazy – yet that’s exactly what he did!

After counting his £76,480 cash at the end of his challenge, this ballsy roulette player was ready to take on the Plaza Hotel & Casino. Revell plumped for an even bet on ‘Red’, and luckily for him, the ball fell on the number 7, earning the English gambler £153,680.

And to think: he could have just gone home with a sore head and a takeaway!

Sean Connery – £20,000

You may know him as 007, but in 1963 he was better known for another number. Much like Mike Ashley, Connery took a likening to the number 17. Sitting down at the roulette table in Casino de la Vallée, Italy, the James Bond star put a total of five bets on this arbitrary number.

While his first two bets missed, his third, fourth and fifth spin all hit 17! With accumulated odds of 50,000/1, it was an astounding streak of luck for the Hollywood star. We imagine even the cool-headed Connery must have cracked a smile after this one…

Now you know how it’s done, why not try your luck with our online roulette games?

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(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.

FTSE 100 - WINNERS

Whitbread, up 2.0%. UBS raised the Premier Inn hotel chain owner to Buy from Neutral.

FTSE 250 - WINNERS

Hays, up 5.0%. The recruiter said it delivered a 'solid' third quarter of modest growth despite increasingly challenging economic conditions across a number of key markets. For the three months ended September, net fees grew 1% on a reported and were flat on a life-for-like basis. Growth was helped by strength in its largest segment, Rest of World - representing a third of total net fees - which was 7% higher on a reported basis and 4% up like-for-like. This was driven by 'record' net fees levels in both the US and China as well as stable growth in Europe, the Middle East & Africa and 'good' growth in the Americas and Asia. Net cash at the end of the quarter stood at GBP90 million, up from GBP80 million the year prior.

Dunelm Group, up 4.3%. RBC Capital raised the home furnishings company to Sector Perform from Underperform.

Rank Group, up 2.9%. The gambling company said net gaming revenue rose in the first quarter, helped by a strongly performing digital segment and positive trading from the Grosvenor Casinos brand. In the period to September 30, net gaming revenue rose by 9% in total and by 10% on a like-for-like basis, both on a year before. Digital net gaming revenue grew by 16%, helped by strong trading from both Grosvenor, and Rank's Mecca Bingo brand. Grosvenor, which aside from digital gaming, also operates a chain of 55 casinos in the UK, had a 15% like-for-like net gaming revenue rise in its venues when compared with the first quarter of last year. The first quarter is traditionally the brand's strongest quarter, though last year's comparative was weak, Rank added.

FTSE 250 - LOSERS

Vesuvius, down 12%. The molten flow engineering company said annual trading profit will be between 3.7% to 8.7% lower year-on-year, due to continuation of weakening in key end markets. The company, which supplies products to the steel and foundry industries, said that trading profit, or earnings before interest and taxes, for 2019 will be between GBP180 million and GBP190 million, down from GBP197.2 million recorded in the year ago period. In July, the company said trading profit for 2019 is expected to be broadly in-line with market expectations, assuming a stabilisation of end markets and supported by acceleration of cost optimisation activities. Vesuvius on Tuesday said its core steel and foundry divisions have been hurt by production cuts by steelmakers and the further lowering of vehicle production estimates.

Renishaw, down 11%. The precision instruments maker said challenging trading conditions and the non-repeat of large orders led to a sharp year-on-year drop in first-quarter revenue and profit. Renishaw said revenue for the three months to September 30 fell 19% to GBP124.6 million from GBP154.0 million a year ago, with core metrology business revenue dropping to GBP119.7 million from GBP147.4 million. Revenue from smaller healthcare business fell to GBP4.9 million from GBP6.6 million. The drop in healthcare business revenue was blamed upon the timing of some machine sales. As a result, Renishaw's quarterly pretax profit dived 85% to GBP5.1 million from GBP33.5 million a year ago. Adjusted pretax profit dropped to GBP4.3 million from GBP32.6 million. Renishaw expects trading conditions to remain challenging through the remainder of financial 2020 due to uncertain global economic environment.

OTHER MAIN MARKET AND AIM - WINNERS

Grosvenor Casino Profit Warning Report

Eland Oil & Gas, up 37% at 164.20 pence. Seplat Petroleum Development Co agreed a GBP382 million purchase of fellow Nigeria-focused energy firm Eland Oil & Gas, the companies said. Seplat has offered 166 pence per Eland share, a 29% premium to Eland's closing price in London on Monday. Eland shares were 28% higher Tuesday morning at 164.80p. Eland shareholders will also be able to still receive the 1p interim dividend previously declared. Seplat owns assets in the Niger Delta region of Nigeria, as does Eland. Seplat produced 49,867 barrels of oil equivalent per day in 2018, while Eland's was 8,000 barrels per day. Seplat will fund the acquisition via existing cash as well as with a new loan facility. Seplat shares were up 1.4%.

Indivior, up 8.5%. The drugmaker boosted its full-year guidance for a second time following growth in market share of its opioid addiction medication Suboxone, but warned on the impact of newly passed legislation in the US. 2019 revenue is now expected to be in the range of USD750 million to USD790 million after already having boosted revenue guidance in July to between USD670 million and USD720 million. Last year, Indivior reported revenue of USD1.01 billion, so the company is forecasting a decline of between 21% to 25%. Net income guidance, before exceptional items and the effects of foreign exchange, was hiked to between USD160 million to USD190 million. This would represent a year-on-year fall of between 31% to 42% after posting net income of USD275 million last year. Indivior previously predicted 2019 net income of between USD80 million and USD130 million.

OTHER MAIN MARKET AND AIM - LOSERS

Grosvenor Casino Profit Warning 2019

Grosvenor Casino Profit Warning Template

Woodford Patient Capital Trust, down 7.3%. Link Fund Solutions is to return cash to investors after winding up the LF Woodford Equity Income Fund, it said. Link has decided not to re-open the fund and will be winding it up 'as soon as practicable', being January 2020. The LF Woodford Equity Income Fund also will drop the Woodford name and will be called LF Equity Income Fund. Woodford Investment Management will cease with immediate effect to be the investment manager of LF Woodford Equity Income Fund. Woodford Investment Management also manages closed-ended Woodford Patient Capital Trust, which repeated Tuesday it is reviewing its own management arrangements and will make an announcement 'in due course'.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com