Ladbrokes Profits up Strongly on 'Bookie Friendly' Results

Comments · 3 Views

Ladbrokes profits up highly on 'bookie friendly' results

Ladbrokes profits up highly on 'bookie friendly' results


Ladbrokes has actually reported a ₤ 25.2 m profit for the yohaig code first six months of the year compared to last year's ₤ 51.4 m loss.


the yohaig code bookie says this promotion code strong, external efficiency is in part due to "sporting gods" being on its side.


It points out a run of "bookmaker friendly" outcomes, like that of the European Championship, where England and Northern Ireland exited early.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

Ladbrokes, which plans to combine with rival Coral, states a run of "consumer friendly" results will follow.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

It says it is in talks with possible buyers for around 400 shops it has to bet9ja's welcome offer for the merger to go through.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

The outcomes reveal that customers are responding positively to the business's new method "at a time when the sporting gods have generally been on our side and we've enjoyed some practical bookmaker friendly outcomes", stated president, Jim Mullen.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

"History would highly determine that such a run of results in our favour would see consumer staking suffer, however encouragingly these numbers strongly buck that pattern and combine strong staking and an excellent margin."

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

"However, 130 years of experience in sports wagering has shown us that we will endure a run of customer friendly results and margins will normalise," he added.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

Biggest bookmaker

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

Ladbrokes, the UK's second-biggest bookmaker, revealed its organized ₤ 2.3 bm merger with Gala Coral, the third-biggest, in July in 2015.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

The deal will make it the biggest bookmaker in the country, but last month the Competition and Markets Authority, external stated it had actually identified 642 cities where the merger would hit competitors.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

It said the 2 business must sell in between 350 and 400 purchase the merger to be cleared.


In its results statement, Ladbrokes stated it was "appealing" with potential buyers and remained enthusiastic that a competitive procedure might be finished by the end of September. It would then seek to begin "substantial" restructuring of business before the end of the year.


Ladbrokes' shares were up 5% in morning trading.

Comments