Page 24 - Stakis A Case Study

At this time the United Kingdom market was estimated at
£1 billion a year with a growth rate of 20 per cent per year.

Experience in hotel and leisure industries were seen as

invaluable and it appeared to be a particularly appropriate

course of action for a property-based business, as Andros

Stakis described the Group. The intention of the company

was to become a big player in the private nursing home

field. It was aiming for 1,500 beds by the end of 1990, 3,000

by the end of 1991 and in the long term, 5,000 beds on 50

sites.

Leisure Division

The title `Leisure Division' first appeared in the 1988 Annual

Report. In addition to the management of the casinos it was

given responsibility for restaurants, public houses and

discos and was set the objective of developing other

interests in the leisure industry.