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Ladbrokes profit dips

BETTING group Ladbrokes' Irish operations recorded a first half profit fall of 33.3pc within the year.

The British-owned betting company said that net revenue at its Irish operations fell by 3.3pc during the first six months of this year, when compared with the same period last year, to £38.6m (¤44.5m). The company, which is the second largest in the Irish market behind Paddy Power, has nearly 300 stores on the island of Ireland, 216 of which are in the Republic.

Gross win amounts, or what the company makes from punters' losing bets, were also down by 3.4pc to £39.8m (¤45.9m), but amounts staked grew by over 5pc here.


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