Ladbrokes needs to improve online casino results

It seems that the general casino news is full of Ladbrokes chief executive Richard Glynn and whether he can do anything about the online casino and other online businesses of Ladbrokes. Before a meeting of shareholders this month the knives were out when Ladbrokes announced a reduction of earnings by a third but Glynn stuck by his guns and insisted that the tie up with Playtech who are one of the major software suppliers to online casinos would work but many remember the previous alliance with Microgaming, another online casino software supplier that did not work quite so well. Comparisons are being made with William Hill whose online casino business has apparently been thriving although they also reported profits down compared to the same half year in 2013. Another hit was the UK increasing tax on the Fixed odds Betting Terminals in bookmakers shops in the UK which according to Ladbrokes will result in the closure of 50 shops but William Hill are forecasting closure of more than 100 shops but that of course does not affect the online casino business of them both. Although Mr Glynn  survived the meeting with his job intact there will be many eyes watching to see whether online casinos and other digital business profits show better results in the second half of the year. In other casino news there are reports that the US Government is working more closely with the casino industry in an attempt to reduce the money laundering which apparently takes place. Money laundering has been an issue for a long time in online casinos as well as land based casinos and in fact in online casinos it is possibly easier although the better online casinos are always on the watch for unusual activity in their customers accounts.