Ladbrokes Online Gambling

Ladbrokes is the leading online gambling firm based out of the United Kingdom.

Ladbrokes plc (LSE: LAD) is Great Britain's largest online gambling company. Based in Rayners Lane in Harrow, London, Ladbrokes also operates land-based bookmaking establishments scattered throughout England. It is relegated from the elite FTSE 100 Index in June 2006. The company first floated on the London Stock Exchange in 1967, when it had an initial market capitalization of just under £1 million. Until 23 February 2006, Ladbrokes owned a major hotel business, including the Hilton hotel brand outside the United States. From 14 May 1999 to 23 February 2006 it was known as Hilton Group plc.

Ladbrokes also owns Vernons. Founded in 1925, until the intervention of the National Lottery, Vernons concentrated on Football pools.

Ladbrokes has recently gone into partnership with the Chinese government to offer the first betting shops in China betting on the state lottery.

The company is also known as being the first bookmaker to offer odds on a political election (the Conservative Party leadership) in the late 1960's and made a profit of £1400. Three years later they took £1.6 million on the General Election – more than on that year’s Derby. Political betting has since become one of the most heavily covered sectors on the Gambling911.com website. The Gambling911.com site regularly monitors Ladbrokes position on the 2008 US Presidential race.

On November 19, 2007, Ladbrokes shot down rumors that two of its officers were looking to depart the company for main rival, William Hill.

I can put my hand on my heart and say there is no problem," Chief Executive Officer, Chris Bell said.

"Brian is a brilliant finance director and I would call him a friend in a work context. He had an approach and he looked at it. He could have taken it but he chose to stay, which is an accolade to Ladbrokes," he added.

Morgan Stanley downgraded Ladbrokes early in November.

Of primary interest to Gambling911.com outside of company news is Ladbrokes online gambling options on football, politics and popular UK television programs. Entertainment novelty bets involving current affairs and various other international events are regularly reported by the Gambling911.com website as well.

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