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Ladbrokes Q3-2016 Report

DIGITAL OPERATIONS THE STARS OF LADBROKES THIRD QUARTER REPORT
 
Double digit increases in moist online activity.
 
The UK online and land gambling group Ladbrokes has reported improved results in its Q3-2016 performance, with digital channels doing especially well in achieving double digit growth.
 
Overall group net revenues rose 12.1 percent in the quarter, although the retail division achieved only a 1.9 percent year-on-year improvement, mainly from European operations which grew 11.3 percent.
 
Digital was where it was all happening, with overall net revenue up 48.2 percent, and Ladbrokes.com and the betting exchange operation recording a rise of 32.7 percent over the corresponding period last year.
 
Digital sportsbook revenues were up 47.9 percent, and the gaming division reported revenues up 23.7 percent y-o-y.
 
The group revealed that its Australian business flourished and delivered significant growth in the third quarter, achieving an outstanding 89.6 percent year-on-year growth in revenue.
 
Group CEO Jim Mullen commented:
 
“We’ve emerged from a busy summer of sport with more evidence that our strategy of appealing to the recreational customer is delivering growth and we remain confident of delivering full year results in line with our expectations.
 
“Across all our key pillars we have been encouraged by the customer reaction.
 
“These results have been achieved by a group of colleagues whose commitment to delivering Ladbrokes Plan A has been all the more impressive given the ongoing work towards completion of our merger with Coral.
 
“Following our agreement to sell 359 shops subject to CMA approval, we are close to completion of the deal and look forward to the opportunities it will bring to customers, colleagues and shareholders.”

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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