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PROFITS UP FOR LADBROKES
Reporting on business during the four months to April 30 this week, British betting group Ladbrokes revealed that operating profits excluding bets placed by "high rollers" rose 13 percent - mainly on a rise in soccer betting and a bigger take from gaming machines. Gross win was up 16 percent.
The company excluded high roller bets from its calculations on the grounds that this sort of action is sporandic and tends to make company performance too volatile.
"Particularly strong" growth in soccer betting was experienced, driven by a high-profile TV advertising campaign, the European Champions League and from a 26 percent rise in gross win from FOBT gaming machines.
Profit from high rollers was GBP 40 million - boosting gross win to 34 percent - despite slower activity.
The company reported that the 25 shops it acquired in Italy are trading well, while the rollout of new licences continues with seven shops and 21 corners (shops within shops) now open. CEO Chris Bell said Ladbrokes expects to have "well over 100 open" by the year end. In Spain, the group expects to have 70 outlets open by the end of the year.
In the online gaming operations, Ladbrokes saw a rise in net gaming revenue of 24 percent, with new player signups increasing by 27 percent. Net revenues from online poker fell 2 percent in a highly competitive market, but online casino and sportsbook interest and performance were strong. Ladbrokes, which has used television advertising in the UK to good effect recently, plans to increase the marketing intensity for online gaming products.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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