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Ladbrokes Subsidiary Reports Small Decline In Profits

British based wagering company Ladbrokes Holdings' Northwest Bookmakers has reported a small decline in profits when compared to previous years.

The financial data shows that the bookmaker, who holds around 24% of the Northern Ireland betting shop licenses had a slight drop in profit. Northwest Bookmakers was formed in 2008 after Ladbrokes took over the Eastwood Chain and merged it with existing shops.

The numbers show:

  • A pre-tax profit of £6.4 million
  • Turnover of £265 million, compared to £262 million the year before
  • Average bets of £9.22 which is down 11p from the previous year
  • A reduced workforce of 457, compared to 470 to start the year; due to attrition and restructuring.
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