Published

Ladbrokes issue digital profits warning

Oper

Ladbrokes
ators Ladbrokes have stated that this year’s digital profits will be well below expectations.

The firm’s latest trading update reveals that the board believe this year’s operating profit for their digital division will be within the £10m-£14m bracket, significantly short of the expected £27.5m.

Company CEO Richard Glynn admitted that digital earnings have been “disappointing” as he highlighted a lack of competitiveness in sportsbook, lower than planned margins and a “greater disruptive impact than expected from the transition necessary to grow digital for the long term”.

Ladbrokes chairman Peter Erskine added: “While we are disappointed that the digital results are still not where we anticipated they would be, the board believes that the strategy is the right one and that the actions taken to date, along with those planned for the coming months, will drive the long term success of the business.”
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...