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DATE: Feb 09 2012
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POKER NEWS >> Online Casino Announces 2008 Profits

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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.”

 


Source: OnlineCasinoNews


Discuss this story in the Poker Forum. Last 5 Posts:
Wednesday 1st February, 2012:   Separate section for rail threads?
Wednesday 4th January, 2012:   some sort of live poker schedule/diary thingy.
Saturday 31st December, 2011:   Doesnt add up ?!?
Friday 30th December, 2011:   Warewolf
Friday 30th December, 2011:   did you know you can ban people from the chatbox ?

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