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www.leisureopportunities.co.uk Newbury to launch as music venue
TOm WaLKeR
Newbury Racecourse in Berkshire has announced plans to launch as a new standalone concert venue. Te first music event to be
held under the Newbury LIVE brand – the racecourse’s bid to generate alternative reve- nue streams – will be a Rod Stewart concert on 29 May. Stephen Higgins, joint man-
aging director of Newbury Racecourse, said: “Te race- course has the potential to seat over 20,000 visitors and will be transformed into an intimate, sit-down only event for the Rod Stewart gig. “For future events, we will be hosting up
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Rod Stewart will perform in the first Newbury LIVE-branded concert
to 60,000 in seats and standing combined. Newbury LIVE is an excellent example of
how we are expanding the racecourse as a host venue and because it’s only 40 minutes from London, it’s perfectly placed to become of the UK’s most diverse entertainment venues.”
JD Wetherspoon chair slams tax increases PeTe hayman
JD Wetherspoon chair Tim Martin has criti- cised “zealous” and “unsustainable” increases in regulations and taxes affecting the industry. According to Martin, both the current and previous governments’ approach had forced
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pubs to increase drinks prices; a move which has helped boost supermarket alcohol sales. Te comments came as JD Wetherspoon
posted a 7.6 per cent growth in revenue for the 26 weeks ending 23 January, compared with the same period last year.
Cineworld reports revenue growth PeTe hayman
Cineworld Group has recorded a 4.8 per cent increase in revenue for the year to 30 December 2010, compared with the previous 52-week period. EBITDA and pre-tax profits grew by 8.1 per
cent and 0.3 per cent respectively in 2010, with the cinema operator capturing more than 26 per cent of the UK market share. Despite a 2.1 per cent fall in admissions, the average ticket price was up 6 per cent to £4.99. A new Cineworld site has been rolled out
at London’s O2 Arena, and agreements have been secured for cinemas at Leigh, Aldershot and Wembley City, London. Cineworld Group CEO Stephen Wiener
said: “Our strategically eventful year saw prog- ress in rolling out digital screens across our estate, and continued expansion.
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Cineworld has captured a quarter of the UK market “Aſter the impact of the heavy snow at the
end of 2010, admissions have returned to nor- mal and we look forward to a release schedule for 2011 with a strong line-up of potential blockbusters as well as an increased number of 3D films.”
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Twitter: @leisureopps © CYBERTREK 2011
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