interestrateripoff Posted August 9, 2013 Share Posted August 9, 2013 http://www.theguardian.com/business/2013/aug/08/ladbrokes-sunshine-punters-betting-shops Bookmakers reports half-year profits of £55m - 50% less than this period last year, blaming heatwave for low footfallProfits at Ladbrokes have wilted as soaring temperatures kept people out of betting shops. Pre-tax profits at the UK's second largest bookmaker halved to £55m in the first half of the year, compared to £107m last year, which the company blamed in part on the summer heatwave. Footfall was down 10-15% in July across Ladbrokes' 2,270 UK shops, while the company said that returns from its instore gaming machines declined in June and were severely affected by prolonged hot weather in the following month. The weather had even boosted punters' chances against the house: sun-baked ground on the horseracing track prompted runners to withdraw from races, leaving smaller fields that boosted the chances of favourites winning, the bookmaker claimed. Earlier in the year, Ladbrokes was hit by poor spring weather that caused numerous race cancellations. Do the PR people fancy themselves as stand up comics? Hot weather is to blame for a fall in profits not that people may have the spare money to gamble? Link to comment Share on other sites More sharing options...
Guest eight Posted August 9, 2013 Share Posted August 9, 2013 It's a mug's game. Link to comment Share on other sites More sharing options...
macca Posted August 9, 2013 Share Posted August 9, 2013 So not much betting in Africa then? Link to comment Share on other sites More sharing options...
@contradevian Posted August 9, 2013 Share Posted August 9, 2013 Internet betting? Link to comment Share on other sites More sharing options...
Tonkers Posted August 9, 2013 Share Posted August 9, 2013 Ladbrokes is imploding for other reasons and is being offshored to Israel right now. Shame for a great British brand. Link to comment Share on other sites More sharing options...
lid Posted August 9, 2013 Share Posted August 9, 2013 Too many broke lads Link to comment Share on other sites More sharing options...
happy_renting Posted August 9, 2013 Share Posted August 9, 2013 Since I STR'd, I have no garden, and thus no need to account for any turf. Link to comment Share on other sites More sharing options...
Self Employed Youth Posted August 10, 2013 Share Posted August 10, 2013 Were people betting much on the Olympics last year? Link to comment Share on other sites More sharing options...
MrPin Posted August 10, 2013 Share Posted August 10, 2013 I'm getting an Islamic fear of gambling! Link to comment Share on other sites More sharing options...
The XYY Man Posted August 10, 2013 Share Posted August 10, 2013 I'm getting an Islamic fear of gambling! Please do yourself a favour and get that treated before it spreads any further. Don't know if it's available on the NHS, but I'm told that being signed up by Newcastle United rapidly cures this affliction... XYY Link to comment Share on other sites More sharing options...
The XYY Man Posted August 10, 2013 Share Posted August 10, 2013 Sorry, double-post. XYY Link to comment Share on other sites More sharing options...
MrPin Posted August 10, 2013 Share Posted August 10, 2013 I would have put thirty shillings on that! Might have made a fiver! Link to comment Share on other sites More sharing options...
Mark Uttley Posted August 10, 2013 Share Posted August 10, 2013 Profits at Ladbrokes have wilted as soaring temperatures kept people out of betting shops What are the chances of that? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.