Lots of Premiership draws good for Ladbrokes

In the casino news this week, operating profits at the online casino operator Ladbrokes increased from £22.5 million to over £51 million in the three months ending on September 30^th and the bookmaker put it down to a series of unusual football results as well as the World Cup in South Africa. Apparently most people bet on home win results and there a were an incredible 22 drawn matches in the Premiership compared to last years 4 and also a series of upsets from the top teams such as Arsenal being defeated by WBA. The World Cup also contributed more than £8 million to the number in the quarter and according to Ladbrokes Chief Executive Richard Glynn income from gaming machines in betting shops increased by 10% but actual bets placed in the shops showed a 5% reduction suggesting as we have said on a number of occasions that people are waking up to the fact that online gambling is far easier. Online gambling at Ladbrokes was 17% better with increases being shown in the online casino, sports and Bingo areas but interestingly enough a reduction in Poker. In presenting the results to the news people Mr Glynn was asked what interest Ladbrokes might have in the Tote which the British Government has up for sale but judging by his response “It’s not the highest on our agenda” not much will be happening in the near future..