Tag Archives: Ladbrokes

POC needs to be ‘properly enforced’

Ladbrokes have called for ‘proper enforcement’ of the point of consumption (POC) licensing of online gaming when it is introduced in the UK later this year. The firm estimate that the new tax, despite being planned for December this year, will hit their 2014 revenues by £2m and they want to see some benefit for this expense. They said: “How …

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New mobile sportsbook boosts Ladbrokes

Some good news for Ladbrokes in the bookmaker’s poor annual results has come in the shape of its mobile strategy. The firm launched its new mobile sportsbook in December and has seen amounts staked and sign ups up by more than 50% and active players growing by more than 30% year on year since the launch. Over the 2013 mobile …

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Increase in costs wipes out retail gains

A 6.6 per cent increase in operating costs and a 20 per cent increase in gaming machine taxation saw Ladbrokes’ UK retail division post a 25.9 per cent drop in operating profit for 2013 to £133.9m. While gaming machines saw a net revenue increase of 20.2 per cent to £408.4m (mostly driven by growth in £2 stake B3 content), over …

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‘Disappointing’ results from Ladbrokes

Ladbrokes chief executive Richard Glynn has labelled his firm’s annual results for 2013 as ‘disappointing’ but maintains that the bookmaker has made ‘real operational progress’ during the year. The figures were never going to be good after a series of profit warnings during the period, but the company has posted a 32.9% drop in group operating profit to £138.3m with …

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Ladbrokes pay to be linked to social responsibility

Ladbrokes have reacted to the prevailing concerns over problem gambling in betting shops by altering the pay structure of its executives to take social responsibility targets into account. With the campaign against bookmakers, and B2 gaming machines in particular, in full force since the turn of the year, Ladbrokes have taken the smart move to underline how important the firm …

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Paddy Show Best Value in January 2014

Paddy Power had an incredible 109 money-back offers during the course of January according to the latest monthly report from the leading online affiliate and betting service, FREEBETS.com. The bookmaker was one of only two of the 19 leading layers analysed by the FREEBETS.com team to promote more than 100 total offers during January. Betway had 104 and William Hill …

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Black Weekend For UK Bookmakers

The weekend of  the 11th of January 2014 ( Premier League match day 21) proved to be a nightmare for UK sports betting operators, as reports suggest that bookmakers made a combined loss of more than £30 million (€36.2 million/$49.3 million). All top eight English Premier League sides managed to beat their respective opponents. The weekend soccer action saw no upsets …

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