There was more doom and gloom on the financial markets this morning, as another blue-chip company, Blue Chips Worldwide, reported substantial half-year losses.
The company, which makes those little blue chips that are used in gambling casinos, said their £26m loss was most likely due to the fact that, because of the Credit Crunch, nobody has any money to be able to go gambling anymore.
Last year, Blue Chip made and sold more than 20 million blue chips, but so far this year, production is down by 65%. Although things are expected to improve next quarter, the whole process of blue chip production is an almighty gamble.
Managing Director, Dennis Poka, said:
"I'm not a gambling man, but if I was, I'd put all of my money on someone else."
