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Solid Q1 for Ladbrokes ahead of sportsbook re-launch

19th April 2012 7:40 am GMT

UK bookmaker Ladbrokes plc has reported a 9 per cent increase in group net revenues for the first quarter of 2012, following an improved performance from the company’s Digital interactive business.

Digital net revenues rose by 6 per cent during the quarter, largely driven by progress in the company’s sportsbook which is expected to be re-launched in May.

Sportsbook net revenues were up by 22 per cent year-on-year, on the back of double digit growth in amounts [...]

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