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Positive Profits at Ladbrokes

Ladbrokes is one of the top land and online casino bookmakers in the UK market with a strong market share and an even stronger reputation. Add to that the fact that Ladbrokes has experienced none of the serious setbacks that rival William Hill has contended with in the paste six months and Ladbrokes is well on its way to a successful 2008. Like its competitors, Ladbrokes offers a variety of land and online casinos booking services and has expanded into the online sportsbook industry. Ladbrokes announced its year-end financial report, and it was certainly enough to make shareholders happy.

Although some in the online casinos gambling industry have experienced setbacks due to new regulations and changes in the industry, Ladbrokes turned in a strong performance within all divisions of the company. According to the year-end report, Ladbrokes was up overall in full-year earnings and pre-tax profit (up and impressive 60 percent over 2006).

Online poker was the one sector of the company’s online casinos and gambling operations that showed a slight downturn in profits, which is actually surprising considering that the internet poker industry is booming around the world. Basically though, with the casino poker industry in such demand, the Ladbrokes poker brand faces tough competition from some of the larger more prominent and established poker brands.

But to counter the decreases in internet poker, the sportsbook rose 14.7 percent in net revenues, and indication that the venture into online casinos sportsbooking was a wise move for Ladbrokes. The company notes that the profits from 2007 will go right back into making sure that 2008 is equally as successful. Ladbrokes gamblers can expect aggressive marketing campaigns for the company’s internet casino and sportsbook sites.