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Online Casino Not Profitable

The online casino gambling industry has really ridden out the storm of a global recession and tanking industries – internet gambling just never really experienced that drop over the past several years. But now that the recession is sinking in more companies are reporting hardships and failing internet operations – even an industry giant like Ladbrokes. Ladbrokes is one of the largest land betting operators in the UK and Irish markets. The company moved into the online casino and internet betting industry a couple of years ago and that venture has proven largely successful over the years.

Now though, the company has reported that it is not doing as well as anticipated because of online operations. This trend though is largely contained to the first quarter of the year – Ladbrokes has noted that it anticipates that the profits will once again go up to meet higher expectations throughout the rest of the year. Some of the promotions that Ladbrokes has run for the land and online casino gambling and betting industry have proven less successful than was initially anticipated.

And surprisingly, even though it’s the company’s online casino and betting promotions that have slowed a bit Ladbrokes anticipates that the internet gambling operations are solid enough to ensure long-term stability as the land betting industry fluctuates immensely. Ladbrokes has been very frank with the industry about the negative changes that have taken place over the past quarter and also notes though that the company sincerely anticipates a more positive whole-year report as the next several quarters will surely bring in better land and online betting revenues.