In-shop gambling proves a good bet for Ladbrokes

BETTING and gaming group Ladbrokes said today strong growth from its in-shop betting terminals helped offset a weaker over-the-counter performance in the UK.

The overall gross win at Ladbrokes’ retail arm grew by one per cent in the four months to April 30, despite a three per cent decline in wins from bets placed over the counter at its 2100 UK betting shops as customers reduced the amount they bet.

In Ireland, the company said that growth was “buoyant” and eGaming was growing steadily.

Ladbrokes said it planned to continue focusing on international development opportunities in both Europe and Asia – and added its activities in Italy were at its most advanced.

The company added that it expected its results for the year to be in line with forecasts and said online eGaming grew by 11 per cent due to strong growth at its sportsbook, casino and games facility.

Total online customers rose 12 per cent, with wins from sportsbook and casino helping to offset a decline in poker due to the highly competitive environment for online poker gaming.

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