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Ladbrokes buoyed by online sportsbook as revenues decline

14th May 2010 9:17 am GMT

Ladbrokes plc said Friday that net revenues from its interactive division fell by 2 per cent for the four month period ended April 30th, with growth in the company's online sportsbook and bingo products offsetting declines in poker and casino. Overall Ladbrokes reported a 6 per cent drop in net revenues during the period, further impacted by declines in the company's UK and Irish retail operations.

Online sportsbook turnover rose 13 per cent, benefiting from increases [...]

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