..

Ladbrokes Reports Strong Results Thanks To World Cup

Written by:
C Costigan
Published on:
Oct/11/2010
Ladbrokes

Strong third quarter results are being attributed to the summer’s World Cup betting at Ladbrokes.

The company reported operating profits of £51.1million over this period and says it is on target to meet the year’s goals.  The numbers are up dramatically from last year’s £22.4million.

The strong performance comes at a time when punters across the board have reduced their average betting stake by 5 percent.

Chief executive Richard Glynn said: 'Ladbrokes has a great brand and a strengthened management team determined to drive operational improvements going forward.'

Ladbrokes is the United Kingdom’s largest bookmaker.

Aaron Goldstein, Gambling911.com Business

Business/Financial News

PayPal Enters Crypto Market: Will Allow Buying, Selling and Shopping

PayPal Enters Crypto Market: Will Allow Buying, Selling and Shopping

PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets.

Square Makes Big Bet on Bitcoin

Square Makes Big Bet on Bitcoin

Square, Inc. (NYSE: SQ) announced that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020.

Fox Given a "Buy" Rating Thanks to Sports Betting Boost

Fox Given a "Buy" Rating Thanks to Sports Betting Boost

Fox Corp is an under-the-radar play on US sports betting, the headline reads for Wayne Duggan's report at Yahoo Finance!

John McAfee Arrested for Tax Evasion

Cybersecurity entrepreneur and crypto personality John McAfee was arrested in Spain on Tuesday for US tax evasion.

Virtual Event: How The Gaming Industry Can Benefit From Bitcoin Technology

Virtual Event: How The Gaming Industry Can Benefit From Bitcoin Technology

Friday is a "must see" virtual event for gaming enthusiasts as well as those in the crypto space looking to expand their horizons.

Syndicate