ARENA Leisure saw its shares spike almost eight per cent yesterday before settling three per cent up, after its customer adds raced ahead of expectations.
The racecourse owner said its attendance figures rose by more than 11 per cent year-on-year in the first half.
The surge came despite a drop in pre-tax profits, to £1.4m from £2m, and revenues, from £30.1m to £28.2m. This was largely due to an expected shortfall in the horseracing levy imposed on UK-based bookmakers.
Arena said it is in talks with the government on a remedy for the shortfall, without which its revenues rose by £3m.