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DATE: May 24 2012
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Poker.co.uk - Poker News Archive

Wednesday 25th February 2009

Online Casino Announces 2008 Profits

Ladbrokes announced that despite the economic downturn, the gambling site had managed to turn a profit in 2008. Overall, with the exception of “high rollers” the site increased profits with an 11.1% boost to revenue. The action from “high rollers” was severely decreased. They still wagered �80m but this pales in comparison to the �170m they wagered in 2007. Overall, however, online casino players, poker players and sportsbetters wagered �172.2m in 2008. Ladbrokes CEO Christopher Bell said: “Our performance in the first six weeks of the year shows a gross win growth of one percent, excluding High Rollers. Since the start of the year, [High Rollers’] business has contributed a further �24 million to operating profit to the organization.”

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Source: OnlineCasinoNews

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