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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.”
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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