Consulting » Extraordinary Items – Gambling? What’s the ROCE?

Extraordinary Items - Gambling? What's the ROCE?

At the ship's casino, FDs nursed their small clutches of £1 chips, analysing the play of the cards and the spin of the wheel with the kind of intensity one would expect of a captain of industry contemplating a £10m capital investment.

The editor of this magazine staked a whole tenner on a few hands of blackjack. An hour later, he emerged with a clean £25 profit. Not a bad return on capital employed – especially when you annualise it. Next year, the casino is to be turned into a risk management workshop – so at least the FDs’ gambling stakes will be allowable for expenses. ?:

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