Written by :
C Costigan
Published on :
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
