Ladbrokes Coral Financials Up in First Half

UK online and retail betting group Ladbrokes Coral has released their first half 2017 financial results, noting that revenues were up sharply during the period.

Key financial indicators for the first half ending June 30th, 2017 were:

  • Digital revenes up 17% from the same period last year.
  • Sportsbetting revenues up 25%, with the amount wagered up 27%
  • Retail revenues down 6% from last year
  • OTC gross margin down £3.6 billion, blamed on bad performance in Italy
  • Predicted savings of £150 millon due to the merger of the two companies, up from the previously forecasted £100 million.

Speaking about his company's performance Ladbrokes CEO Jim Mullen said, "Ladbrokes Coral posted a strong performance in H1 with results in line with our expectations and another significant upgrade to synergies, which at £150m will now be well over double the level initially announced."

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Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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29 July 2017 - 12:23pm
#1

No doubt an impressive figures and no wonder probably, that is a monster company now after two of the leading UK bookies merged and obviously that woarked just great for them.

krcoolsongss
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31 July 2017 - 4:47pm
#2

Wow, 3.6 Billion only for the first half 🤷
I knew that Ladbroke is a very old betting company, but never imagined this kind of number.
Even if the two companies were merged, the numbers are surprising 🙂