commit c063f11b61ef2de95301979e73615c980c0271eb Author: alanag85693416 Date: Mon Oct 20 14:49:10 2025 +0800 Update 'Ladbrokes Owner Sees Profits Boost Despite Gambling Crackdown' diff --git a/Ladbrokes-Owner-Sees-Profits-Boost-Despite-Gambling-Crackdown.md b/Ladbrokes-Owner-Sees-Profits-Boost-Despite-Gambling-Crackdown.md new file mode 100644 index 0000000..a11b93f --- /dev/null +++ b/Ladbrokes-Owner-Sees-Profits-Boost-Despite-Gambling-Crackdown.md @@ -0,0 +1,14 @@ +
[Ladbrokes owner](https://luqueautomoveis.com.br/index.php?page=user&action=pub_profile&id=420157) sees [profits improve](https://plamosoku.com/enjyo/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:KristoferDodery) despite [betting](https://osclass-classifieds.a2hosted.com/index.php?page=item&id=315444) crackdown
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9 October 2019
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GVC, the [company](https://git.dushes.keenetic.pro/marquitabowens) that owns Ladbrokes, states it [expects](https://x.com/YohaigNG/status/1845872747924123782) its [earnings](https://gitea.clintmasden.duckdns.org/terrellzuniga6) to be bigger than [expected](https://git.uspex-team.org/danmoser95154) regardless of the [federal government's](https://git2.ujin.tech/kendallprim84) [clampdown](http://git.fofpower.cn/brandonmcmurra) on [gambling](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=184912&item_type=active&per_page=16).
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The firm still [expects](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) to close 900 stores over two years since of the maximum stake on [fixed-odds betting](https://harry.main.jp/mediawiki/index.php/%E5%88%A9%E7%94%A8%E8%80%85:MargaretSwan611) [terminals](http://jinos.com/bbs/board.php?bo_table=free&wr_id=4470920) (FOBTs) being cut to ₤ 2.
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But while the usage of FOBTs has fallen, in the third [quarter](https://git.dushes.keenetic.pro/marquitabowens) more bets were being put [in-store](https://classifieds.ocala-news.com/author/roxie233473).
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The group, which likewise owns Coral, [stated online](https://socialeconomy4ces-wiki.auth.gr/index.php?title=User:WendellKleiman0) betting is also up by 12%.
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In a third upgrade, it upgraded its earnings assistance for the complete year to between ₤ 670-₤ 680m, from ₤ 650-₤ 670m.
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[Kenneth](https://git.uspex-team.org/danmoser95154) Alexander, GVC's chief executive, stated: "I am happy that the group's monetary performance has actually enabled us to upgrade our full-year revenues before interest and tax expectations again.
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"Online [momentum](https://saga.iao.ru3043/terrancehalley) remains strong across all significant territories, with net [gaming profits](http://git.oksei.ru/marthagaskins2) up 12% in the quarter regardless of the previous duration including part of the World Cup."
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In August, the company revealed strategies to shut 900 stores - putting up to 5,000 tasks at risk - due to [the yohaig code](https://calm-shadow-f1b9.626266613.workers.dev/cfdownload/https://www.kenpoguy.com/phasickombatives/profile.php?id=2985348) fact that of the cut in FOBTs optimal stakes from ₤ 100.
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There were 3,500 Ladbrokes and Coral shops at [the yohaig code](https://git.vekus.ru/ezequielizn332) start of the year, and some 198 have already shut, with the rest set up for closure by April 2021.
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Rival William Hill has said it will close 700 stores as a result of the regulative clampdown. While GVC said profits in [the yohaig code](https://git2.ujin.tech/kendallprim84) shops is down 18%, it still ahead of expectations.
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GVC indicated that customers were discovering other methods to bet, as while revenues from machines - including FOBTs - were down 36% in the quarter, there was 7% rise in betting in stores.
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But the most significant growth was in online gaming, increased by a 16% rise in online sport wagering profits. GVC shares were up almost 4% in early trading.
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