Ladbrokes to Release Interims Tuesday: Pre-Tax Loss Anticipated

Ladbrokes will release interims Tuesday, with an update certain on its planned merger with Coral, and probably further details of its troubled Irish arm, which is due to exit examinership.

Investors in Ladbrokes (LSE: LAD.L ) were bracing for the bookmaker to slump to a loss this week when the gambling company takes after hit from writing down the value of its shop estate.

They were expect to record an impairment charge of between £75m and £85m when it posts first-half results on Tuesday, pushing the bookie to a pre-tax loss.

- Aaron Goldstein, Gambling911.com