Punters stake £13bn with Ladbrokes
Ladbrokes have reported that £13bn was staked by punters in its UK shops last year, as the bookmaker continues to defy the economic downturn.
Gaming machines were responsible for most of the income, generating £10.5bn – a 14% increase from 2010 – while over-the-counter betting brought in the remaining £2.5bn, a figure described as “resilient” by the UK’s second largest betting chain.
Ladbrokes’ overall operating profit was £193.5m, which represented a broadly flat increase of 0.4%, but this was in spite of some poor results in football and racing and the absence of a major football tournament.
Despite the general economic uncertainty Ladbrokes says it plans to open 60 new stores in 2012. They are expected to cater for younger gamblers, incorporating more football, in-play betting and machines.
Ladbrokes’ chief executive Richard Glynn said: "We are continuing to make progress with our plans to reinvigorate Ladbrokes."