Ladbrokes Cuts Head of Products Trading Richard Ames as Company Struggles

The United Kingdom’s second largest bookmaker, Ladbrokes, has released Richard Ames, Head of Products Trading, in what appears to be a major transitional period for the company.  Ladbrokes said he will remain on the board for now but that he "has ceased to perform his executive duties with immediate effect."

The company has struggled with its online unit in recent months, warning last month that profits from its digital division would fall more than expected in the first half due to a delay in technology upgrades and a poor sportsbook margin.

The London Telegraph reported earlier in the day that Ames termination came as a result of a “botched digital strategy”.

- Aaron Goldstein, Gambling911.com