Ladbrokes Profits Fall Despite the World Cup

Bookmaker Ladbrokes has reported a fall in its profit, though it delivered a very good football world cup performance.

In the first half of the year which ended on 30^th of June the pre-tax profit decreased to 49.7% to $27.7 million. Whereas, the company stated that in this quarter its chief goal was to make betterments in the operational department, which evidently implies that their fiscal performance would be affected.

The chief executive, Richard Glynn stated that the company has gained significant improvement and is much stronger than the previous years. Currently they have products, platforms, audience and the brand to deliver.

Almost 250 FTSE gambling group wasted the first half of the year in recreation since they wanted to speed up their online business before the start of football tournaments in Brazil. 50 shops were shuttered down due to this reason, in the entire U.S.

Last year Ladbrokes had made a merge with Playtech, which is a software developer company. Therefore, the company has to swop all its games to a another system. Though the organization, confessed that this union has put forth a greater disturbance than the prognostications of the company owner.

On the whole the operating revenue, reduced to a third with $56.8 million for six months to the 6^th of August. As per the reports the profit went almost half to $27.7 million. Even though the company performed as it was expected to do so, but still the shares of the company fall badly.

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Nancy Young

When I was younger I used to spend almost all of my free time playing computer games. My mom and dad would go mental over this. “You’re never going to do anything with your life if you are going to play games all day” they used to say. What was even more unusual was the fact that I played more games than most of the guys in my friend group. Looking back, I have to admit that I probably played a bit too much, but I also learned a lot of great things. When I turned 20 I decided that it was high-time to make some money of my own, but the only jobs I could get were that of waitress or cashier. How exciting. After several excruciating months of serving tables I had a great idea: since I love gaming so much, why don’t I write about it? That’s when I started doing small writing projects on Elance. Eventually, I got an offer for a part-time job. During that time I learned all about content marketing strategies and how search engines work. I started writing about various topics such as technology, health and lifestyle and discovered that I was actually good at it. On November 24, 2014, I became part of the ArgyllFreePress team.