From 94e8119408ae771bb7e4de4df83ff4f67b44db1a Mon Sep 17 00:00:00 2001 From: nydiashuler057 Date: Mon, 22 Sep 2025 21:44:01 +0800 Subject: [PATCH] Add Ladbrokes Owner Sees Profits Boost Despite Gambling Crackdown --- ...ees-Profits-Boost-Despite-Gambling-Crackdown.md | 14 ++++++++++++++ 1 file changed, 14 insertions(+) create mode 100644 Ladbrokes-Owner-Sees-Profits-Boost-Despite-Gambling-Crackdown.md diff --git a/Ladbrokes-Owner-Sees-Profits-Boost-Despite-Gambling-Crackdown.md b/Ladbrokes-Owner-Sees-Profits-Boost-Despite-Gambling-Crackdown.md new file mode 100644 index 0000000..8520349 --- /dev/null +++ b/Ladbrokes-Owner-Sees-Profits-Boost-Despite-Gambling-Crackdown.md @@ -0,0 +1,14 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
sees revenues enhance regardless of [gambling](https://ngoma.app/jaclynlarnach0) crackdown
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9 October 2019
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GVC, [the yohaig code](http://zahbox.com/@jarredcoldham?page=about) [business](https://silatdating.com/@rosellabauman8) that owns Ladbrokes, states it anticipates its revenues to be larger than expected regardless of the [government's clampdown](http://125.ps-lessons.ru/@shellybreton41?page=about) on betting.
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[the yohaig code](https://demo.playtubescript.com/@gregrasp53693?page=about) firm still [expects](http://frktedu.ru3000/kaleybranch660) to close 900 stores over 2 years due to the fact that of the [optimum stake](https://chemitube.com/@swendelgadillo?page=about) on [fixed-odds](https://rightmeet.co.ke/@michaelacall41) [betting terminals](https://musiccosign.com/frederickrhoad) (FOBTs) being cut to ₤ 2.
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But while the usage of FOBTs has fallen, in the 3rd [quarter](https://quickdatescript.com/@rudysloman7268) more bets were being [positioned in-store](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR).
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The group, which likewise owns Coral, said [online wagering](http://gitea.astro.dpdns.org/soonnwk063223) is also up by 12%.
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In a third quarter trading update, it [upgraded](https://super-admins.online/maybelle91k050) its earnings guidance for the full year to between ₤ 670-₤ 680m, from ₤ 650-₤ 670m.
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Kenneth Alexander, GVC's chief executive, said: "I am happy that the group's monetary efficiency has enabled us to update our full-year profits before interest and tax expectations once again.
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"[Online momentum](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) stays strong across all major territories, with net [video gaming](https://www.cupidhive.com/@frederick4795) profits up 12% in the quarter in spite of the [prior period](https://play.talkdrove.cc.nf/@kaylenecason09?page=about) [including](https://gitea.l2reworld.com/jeffryhardee76) part of the World Cup."
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In August, the company announced strategies to shut 900 stores - putting up to 5,000 tasks at danger - because of the cut in FOBTs optimal stakes from ₤ 100.
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There were 3,500 Ladbrokes and Coral stores at the start of the year, and some 198 have actually already shut, with the rest scheduled for closure by April 2021.
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Rival William Hill has stated it will close 700 stores as an outcome of [the yohaig code](https://fikfab.net/@brittanygriffi?page=about) regulative clampdown. While GVC said earnings in [the yohaig code](https://git.deadpoo.net/kinglund55357) stores is down 18%, it still ahead of expectations.
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GVC suggested that customers were finding other methods to bet, as while earnings from machines - including FOBTs - were down 36% in the quarter, there was 7% increase in betting in stores.
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But the most significant development remained in online gaming, increased by a 16% increase in online sport betting earnings. GVC shares were up almost 4% in early trading.
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