No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Ladbrokes H1 digital profits plunge 72 percent
Wednesday August 13, 2014 : LADBROKES BATTLES ON
H1 digital profits plunge 72 percent.
Investors in the UK online and land gambling group Ladbrokes are unlikely to be pleased with the company's H1-2014 numbers released Tuesday, which show that despite a change in software provider the company's digital profits plunged 72 percent to just GBP 3 million.
Digital provides just 4.4 percent of Ladbroke's operating profits, compared with rival William Hill's 52 percent, which made GBP 92 million over the same period .
But it’s a vital growth channel, which chief executive officer Richard Glynn acknowledges, saying that there is a shift in behaviour to betting on smartphones and tablets.
"It's a change in pattern. The 18-to-34 year old male comes into the shops for the social experience and uses mobile to play," he told The Guardian newspaper.
Betting on mobile more than doubled in the first half, with Glynn opining: "Mobile is the battleground now... there is no doubt about it. We only launched our mobile product six months ago, it is now bigger than desktop in digital."
"We said a few years ago that Ladbrokes needed to dramatically increase its presence in the digital and mobile world," Glynn added.
"I think I've been very upfront about the fact that it's taken us a while to do that. The road has been bumpy at times. The product didn't match the brand."
On a group basis, however, no amount of management spin can hide the impact of adverse numbers for Ladbrokes like a 49.7 percent decline in group profit before tax to GBP 27.7 million, or a profit after tax dip of 49.8 percent to GBP 23.7 million.
And the group has a net debt burden of GBP 425.9 million (H1-2013 GBP 375.5 million).
Still ahead lie the challenges and increased costs of the UK's new p.o.c. regulatory and tax regimes, adding to costs to company associated with higher taxes on FOBTs in the Retail vertical, where Ladbrokes took a GBP 14 million charge as it shuttered 29 betting shops in the first half. By the end of July 2014 it had closed a total of 46 shops and is on track to meet its target of closing 50 this year.
The interim management statement highlights achievements that include:
* Mobile Sportsbook growth: staking +105 percent; active players up 74 percent y-o-y;
* Playtech migration completed;
* Successful roll out of c.9,000 Clarity machine cabinets ahead of World Cup
* SSBT estate grown to 1,750 supporting UK Retail focus on football
* International diversification progressing with Australia's Betstar acquisition;
* Good World Cup performance with stakes up 20 percent;
* Group stakes GBP115.3 million up 22.4 percent; gross win margin 24.3 percent;
* Digital net revenue up 25.9 percent; sign ups increased 48 percent; active player climbed 28 percent;
* Mobile staking growth up over 1100 percent; 63 percent from sportsbook wagering;
* UK Retail wagering up 7.9 percent; gross win margin 27.4 percent;
* Spain Retail JV wagering up 160 percent; Belgium Retail staking up 157 percent;
* Group net revenue up 1.6 percent;
* Group operating profit down 33.7 percent at GBP 56.8 million;
* Underlying earnings per share down 38.6 percent to 4.3p, but half-year dividend maintained;
* High rollers contribution to operating profit up at GBP 10.7 million (H1-2013: GBP 3.4 million).
Chief executive Richard Glynn reported:
“In the first half of 2014 we successfully delivered all of the planned operational improvements in time for the World Cup. Our offer performed well, delivering a great betting experience for our customers and a good result for the business in a highly competitive market.
"We have made substantial progress and while there is more to do there is also much to play for. We now have the products, the platforms, the people and the brand in place to deliver. Ladbrokes today is a far stronger company and well positioned for growth.”
Glynn lists the advantages the company has to pursue growth, claiming that the company is digitally competitive in terms of both sports and gaming, and is maintaining a close watch on costs in a disciplined marketing approach.
On the UK Retail scene, he claims more machine-driven growth from the Clarity and SSBT hardware, and costs savings, whilst the company is intent on building on its World Cup football success.
Internationally, Glynn says that the acquisition of Betstar in Australia will deliver growth, whilst Ladbrokes will work to enhance its leading position in the Spanish and Belgian markets.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.