Rise in online gambling boosts profits at Ladbrokes Coral

Date

September 1, 2017

Author

Murad Ahmed

Source

Financial Times

Region


Subject

UK

URL

https://www.cdcgamingreports.com/rise-in-online-gambling-boosts-profits-at-ladbrokes-coral/

UK gambling group Ladbrokes Coral has declared an “encouraging start” to the year despite declining business in its betting shops, saying it has been boosted by a big rise in online gambling… Reporting results for the six months, Ladbrokes said group revenues rose just 1 per cent to £1.2bn on a pro forma basis. Operating profits were up 7 per cent to £158.3m.