home casinos play poker play bingo play instant win games gambling news archive forums
- -
Bookmark current page
→ casino
→ online casino
→ online poker
→ poker
  Recommended Sites
  Featured Partner
Gambling Articles
Gambling Experts
News Archive
Contact Us
Bingo Aff Program Gambling News Archive

Ladbrokes warns of reduced digital profits

British online and land-based sportsbetting operator still expects to meet market expectations due to the out-performance of its retail business.

Friday 29th June 2012

Ahead of the release of its financial results for the six months to June 30, British bookmaker Ladbrokes has revealed that it expects to report that profits from its digital operations for the period have declined year-on-year. In a brief statement released yesterday, Harrow-based Ladbrokes stated that this wane was due to the ‘phasing of our investment programme, increased marketing expenditure, planned operational losses associated with new international licences and the withdrawal from certain international markets’. Ladbrokes declared that this decline was 'exacerbated primarily’ by a ‘poor sportsbook margin’ during its second quarter along with ‘delays in the delivery of technology projects’, which led to lower than expected second-quarter revenues. “As a result we now expect digital profits in the first half to be down further than anticipated at around half that delivered in the first half of 2011,” read a statement from Ladbrokes. “Despite this, due to out-performance, particularly in the retail businesses, we expect to meet market expectations for the first half and remain confident that ongoing development of the digital business will enable us to grow digital profits in 2013 and beyond.”

Source: OnlineCasinoNews

  • Back to archive index
  • Submit a press release

    Discuss this story in the Gambling Forum. Last 5 Posts:
    Sunday 26th February, 2017:   Horse Race betting
    Friday 24th February, 2017:   Poker Websites
    Thursday 23rd February, 2017:   UEFA Europa League
    Wednesday 22nd February, 2017:   UEFA Champione Leugue
    Wednesday 22nd February, 2017:   Hi - How to make good money online!