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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.”
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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