Online gaming division benefits Ladbrokes overall performance

Online division of Ladbrokes continues to impress with its steady growth and beyond expectations performance.

Overall, Ladbrokes showed 16.8 percent decline in operating profits. Yet we have to take into consideration that last year’s impressive figures were attributed mainly to the football World Cup. The company also presented its results without the impact of the World Cup. They revealed a 2.8 percent net revenue increase and 16.8 percent rise in operating profit.

Ladbrokes online division continues to perform strongly, however the poker segment saw a huge drop of 30.8 percent in net revenue. Online bingo gambling reported 9.1 percent increase.

Ladbrokes CEO, Richard Glynn, had the following to say: “In the face of challenging economic conditions it is pleasing to see good levels of underlying growth in both the UK Retail and Digital businesses. We are making good progress in executing our strategy, taking immediate and practical steps to improve the business and also working towards achieving our technology milestones.”

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