Luminar's CEO Stephen Thomas said the bar and nightclub owner will update the market on what it plans to do with its troubled entertainment division when it publishes full year results on 19 May, according to reports.He stressed it is not certain that the 90-outlet division, comprising the Chicago Rock Cafe and Jumpin' Jaks brands, will be sold. The return on capital isn't quite high enough for Luminar but Stephen Thomas did indicate that they would try to increase it. The division has an asset value of £120m and an EBITDA of just over £30m. Thomas confirmed 21 non-core bars owned by Luminar using other trading names will be sold.