Sports Betting Ireland: Ladbrokes Hit Hard by Cheltenham

Written by:
Aaron Goldstein
Published on:
Aug/04/2011
Ladbrokes

A record number of winning punters caused Ladbrokes Ireland sports betting operations to see profits fall by a third to £3.8 million from £5.7 million during the same period in 2010..  Nevertheless, the company did say its Irish expansion did continue during the first half of the year. 

120x60 £

Ladbrokes blamed wins in the Cheltenham and Royal Ascot for the losses.  It cited 13 Irish—trained winners at the Cheltenham national hunt racing festival in March and the tendency for punters in Ireland to wager on their own. 

Ladbrokeswon £39.8 million from its Irish punters in the first half of this year, down 3.4 per cent on the same period in 2010. It also had a £400,000 increase in operating costs.

The amount staked by its Irish customers in the first six months of the year grew by over 9 per cent to £382.5 million. The over-the-counter share of this was £308 million, up 5.3 per cent.

Overall net revenues were down more than 3 per cent at £483.1 million in the first half of the year.

- Aaron Goldstein, Gambling911.com

Gambling News

Will I Be Able to Bet the Indy 500 Online From Indiana?

Will I Be Able to Bet the Indy 500 Online From Indiana?

Beginning in 2020, you will be able to bet the Indianapolis 500 online from Indiana with state-based sportsbooks (both mobile and retail).  You can currently place Indy 500 bets with any number of top offshore sportsbooks.

Where Can I Bet the 2019 Spelling Bee Online?

Where Can I Bet the 2019 Spelling Bee Online?

Want to bet this year's Spelling Bee online?  You can at Sportsbetting.ag.

Will There Be a Game of Thrones Spinoff? Bet on it!

Will There Be a Game of Thrones Spinoff? Bet on it!

Just because Game of Thrones is over doesn't mean you can't continue to bet on it.

Gambling.com Corners the NJ Sports Betting Affiliate Market

Gambling.com Corners the NJ Sports Betting Affiliate Market

SBC News reports that Stockholm-based Gambling.com reported a strong 1st quarter in the New Jersey online sports betting market.

When Will the New $12 Million Borgata Sportsbook Be Open?

When Will the New $12 Million Borgata Sportsbook Be Open?

Casino officials tell The Associated Press it will open a sports bar and sports betting facility named Moneyline Bar & Book on June 29. The name is a reference to the money line, a method of betting on sports in which a gambler wagers that a team will win its game without having to win by a certain amount of points.

Syndicate