..

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

South Florida Bookies: How Are They Faring?

South Florida Bookies: How Are They Faring?

Gambling911.com routinely monitors impacts on regional bookies, including those in South Florida. A well-run Pay Per Head will help guide you through any rough times.

Can I Bet With MyBookie.ag From Colorado

Can I Bet With MyBookie.ag From Colorado

While the MyBookie.ag website is accessible from Colorado, Gambling911.com recommends BetOnline with its generous welcome bonus (max bonus $1000) and lightning fast payouts.

Online Gambling Champion Ron Paul Has Stroke on Live Stream

Online Gambling Champion Ron Paul Has Stroke on Live Stream

Former Republican Congressman Ron Paul suffered an apparent stroke while appearing on a live stream.  Many may find the video below disturbing.

Can I Bet on MyBookie From Oklahoma

Can I Bet on MyBookie From Oklahoma

While MyBookie is currently acessible to Oklahloma residents, Gambling911-endorsed BetUS offers more generous cash bonuses (max bonus $2500) with fast payouts. 

How Do Sports Betting Odds Work?

How Do Sports Betting Odds Work?

Sportsbooks offer punters odds on every Sportsbet. Odds indicate the likelihood of a booked game occurrence. As a newbie or regular punter, it is essential to have an understanding of how these betting odds are calculated and how they work.

Syndicate