Too many winners drop profits at Ladbrokes

After a poor first-quarter execution in horse racing and online gaming, Ladbrokes, Britain’s second largest bookmaker, announced its annual operating profits are expected to drop.

The reason for this, is that Ladbrokes has experienced an unusual increase in winners at the beginning of the year, forcing Ladbrokes to explain its shareholder why this happened.

Richard Glynn, chief executive of Ladbrokes, pointed that the economic conditions on the British high street have been very challenging and ambitious. He also added that Racing results take a big responsability for the company’s fortuneless figures.

Recent Posts

Sportsbet.io and Southampton extend their partnership

Southampton Football Club have announced the extension of its partnership with the Coingaming Group as Main Club Partner. With the…

24 hours ago

Wyoming passes House Bill 133, allowing online sports betting and becomes first state to allow cryptocurrency to fund accounts

This week, Wyoming passed a House Bill that would legalize online sports betting in the state and it joined a…

3 days ago

Media powerhouse David Levy appointed Chairman at Genius Sports

Genius Sports has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead…

3 weeks ago

Unibet offering Gamban self exclusion tool to its US players

In a press release this morning, Kindred Group announced that it has partnered with Gamban to offer Unibet’s US customers…

4 weeks ago

UK announces reopening of betting shops; BGC lobby to delay Grand National

With the UK government announcing their roadmap towards ending its restrictions by end of June gradual reopening of businesses. English betting…

2 months ago

Betway to enter US Market

Digital Gaming Corporation (DGC) and Betway have partnered up in an order to set their first steps together in the…

2 months ago