Home Business News Ladbrokes hails an ‘excellent’ 2019

Ladbrokes hails an ‘excellent’ 2019

by LLB Reporter
17th Jan 20 11:09 am

GVC Ladbrokes owner has hailed an “excellent” performance during 2019 with earning before tax and interest last year are at the top of expectations between £670m and £680m.

GVC’s UK retail arm are performing well above of their forecasts despite seeing lower sales from the high street bookmakers.

GVC chief executive Kenneth Alexander said, “The group’s operational and financial performance in 2019 has been excellent, with the strong momentum reported at quarter three continuing throughout quarter four.

“The performance continues to be driven by our industry-leading technology, products, brands, marketing capability, people and local execution, all of which is underpinned by our determination to spearhead the industry’s approach to responsible gaming.

“As the group continues to deliver the opportunities provided by both the Ladbrokes Coral integration and our sports betting joint venture in the US, the board is confident that the group is well placed for a successful 2020.”

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