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LADBROKES POSTS 20 PERCENT RISE IN FY OPERATING PROFIT
Posted 2/17/11 : UK betting group delivers results at the upper end of expectations
The 20 percent rise in full year operating profit reported this week by UK gambling group Ladbrokes plc should keep the shareholders happy. The land and online gambling group made an operating profit of GBP202.3 million pounds in 2010, up from GBP168.5 million the year before, thanks mainly to the popularity of new gambling machines and in-play betting.
Market expectations had ranged between GBP186 and GBP204 million with the consensus at GBP195 million, according to a Thomson Reuters poll of 16 analysts.
The company announced preliminary results for the year ended 31 December 2010, posting profit attributable to equity holders of GBP348.3 million or 38.4 pence per share, well up from GBP74.4 million or 9.9 pence per share last year.
Profit for the year - continuing operations was GBP375.4 million, compared to GBP146.4 million in the prior year. Profit before taxation was GBP147.1 million, lower than GBP174.1 million a year ago, whilst pre-tax profit increased to GBP193.3 million from GBP191.3 million in the previous year.
However, revenue declined to GBP980.1 million from GBP1.03 billion in the prior year.
The Board has announced a final dividend of 3.75 pence per share taking the full year dividend to 7.60 pence per share.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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