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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.”
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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