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Ladbrokes puts £50 million into new marketing strategy

According to reports in Marketing Magazine, the UK land and online gambling group Ladbrokes is planning an innovation strategy that involves a marketing investment of £50 million. The company is to refocus its marketing strategy by using insights gained online to shape its above-the-line advertising in order to position Ladbrokes as an innovative bookmaker.

As part of the strategy, the betting firm has moved its £8 million ad account out of M&C Saatchi and into SapientNitro.

The switch in strategy follows an 11.9% drop in profits at Ladbrokes in 2010.

‘We realise it is imperative to strengthen our capabilities in areas such as sportsbook, technology and online marketing,’ said Ladbrokes chief executive Richard Glynn earlier this year.

Source: InfoPowa News

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