LOSSES WIDEN BUT SHARES SOAR AT ARENA LEISURE

Arena Leisure, one of the three companies behind the Go Racing consortium, said today that pre-tax losses for the nine months to December 31 widened to #6.2m ($8.9m) from #2.96m ($4.24m). It also reported an increase in losses per share to 2.29p from 1.21p. But confirmation that it is to become a 33.33 percent shareholder in Go Racing saw its share price rise by nearly 10 percent to 104p.

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