Ladbrokes Online Gambling Profits Decline

Ladbrokes is one of the UK’s most popular gambling operators. With hundreds of high street locations across the country, the operator has an ubiquitous presence in the UK. With a great deal of success in the land-based market, the company is having trouble thriving online.

According to recent reports, Ladbrokes’ online gambling profits are on the decline. Over the course of the year thus far, the company has seen a 7% decline. However, it does not come as a surprise to Ladbrokes. In response to the news, Ladbrokes stated that it had been expecting a drop. This is due to the fact that the company has had trouble updating its software and has seen some poor betting margins.

As such, it seems that Ladbrokes is having some trouble keeping up with its competitors in the UK market. With sites like Betfair and William Hill working hard to create new and innovative online gaming experiences for players Ladbrokes seems to be falling behind.

The company does not seem too worried, however. Ladbrokes believes that its land-based profits will make up for the online decline that it has recently seen.