Ladbrokes Poker Revenue Down 27 Percent in Third QuarterSummer Revenue At Ladbrokes Poker Plummets By Over One Quarter |
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Yesterday’s interim management statement by Ladbrokes Plc, the UK’s largest bookmaker, indicated a continuing and significant decline in online poker revenue.
The company, which operates Ladbrokes Poker, said, “Poker continues to be impacted by the industry-wide issues regarding liquidity in Europe compared to US facing sites and net revenue was down 27% over the prior period.”
The news follows on from poor first half figures which showed net revenue at Ladbrokes Poker fall 15.7 percent in the first half of 2010 to £10.7 million from £12.7 million in the first six months of 2009.
Other areas of Ladbrokes business performed well on the back of the World Cup in the summer and group operating profit jumped from £22.4 million in 2009 to £51.1 million in the third quarter of 2010 to end September.
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