Ladbrokes In Ireland Report Small Decline In Profits

LADBROKES IN IRELAND REPORT SMALL DECLINE IN PROFITS

09th October, 2011 at 00:32:48
Source: http://www.azonlinecasinos.com

Northwest Bookmakers subsidiary holds 24% of Northern Ireland betting shop licences

Ladbrokes Holdings' impressive presence in Northern Ireland through subsidiary Northwest Bookmakers was in the BBC news over the weekend after reporting on its performance through 2010.

The bookmaker, which holds 24% of Northern Ireland betting shop licenses, reported a pre-tax profit 6.4 million, down slightly on 2009, on turnover of 265 million (FY 2009: 262 million).

Management reported that the average bet placed in 2010 was 9.22, down 11p from the year before.

Restructuring and normal attrition reduced the workforce to 457 from 470 at the start of the year.

Northwest Bookmakers was created in 2008 when Ladbrokes bought the Eastwood chain, merging it with its existing shops.

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