Capital, which owns the Mayfair Crockfords and Colony club casinos, was keen to play down recent controversy which has culminated in the company issuing a writ against three former executives. Capital is under a Stock Exchange investigation following news that Garry Nesbitt, former chairman and now a non-executive director, removed a profit warning from the group's draft interim results announcement last September, despite arguments that doing so could create a false market.
Alan Hearn, Capital's recently appointed chief executive, said: "We are in good shape. These results demonstrate that we have drawn a line under this issue. We have the new management in place and we have been fully audited on three occasions."
Ernest Sharp, chairman, hit out at the accusations from former executives including Kenneth Thompson, who resigned as chief executive last year, of irregularities within the company. The allegations surround gaming scam, irregularities in food and drink procurement and failure of Mr Hearn and Mr Nesbitt to notify the board of a bid offer from Ogdens, the US gaming group, made last September.
"These are all lies, all absolute rubbish. Why should we be in the dock answering these questions?" Mr Sharp said. Mr Sharp said Ogdens had approached Mr Thompson individually about a possible bid, but Mr Thompson failed to pass on that information for "about six months". Mr Sharp said the group had no intention of asking Mr Nesbitt to leave or of taking the company private.
Capital also announced the acquisition of the downmarket Cromwell Mint casino in Knightsbridge for pounds 22m cash.Reuse content