Bingo Provides Ladbrokes with Positive Trading Results

Wednesday, 13 October 2010 - 23:55 Bingo Provides Ladbrokes with Positive Trading Results

It has been revealed that Ladbrokes received a 13% boost to their online bingo operations between July and September, 2010. Powered by Virtue Fusion software, this site has been offering various promotions in an attempt to attract new players, such as the Free Bingo bonus, and another big draw has been the Clover Rollover jackpot, which hit a record $3.5 million.

Ladbrokes saw a total business increase of 17% and total net revenue was up 13% when compared to the same quarter in 2009. It is still apparent that trading has become more difficult over the last year, but the company is ready to meet these challenges.

Richard Glynn, who was recently named Chief Executive for Ladbrokes, said, "Although bolstered by successful latter stages of the World Cup and an easy comparative period, the growth rates achieved in the third quarter give the Board confidence that the Group is on track to meet its full year expectations. Ladbrokes has a great brand and a strengthened management team determined to drive operational improvements going forward”, Glynn also added. “Though much remains to be done, I am encouraged by the progress we are making across the Group and I look forward to updating the market in February 2011.”


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