1 Ladbrokes Suffers Worst Cheltenham Festival In Memory
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Ladbrokes suffers worst Cheltenham Festival in memory

21 April 2016

Bookmaker Ladbrokes has actually said this promotion code year's Cheltenham Festival was its "worst in living memory".
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All bookmakers were hit by a string of favourites winning at the festival, but also argued that rivals were using bets at levels that did not make company sense.

Ladbrokes also verified that it has a ₤ 3m liability if Leicester City win the Premier League.

Despite this promotion code, the yohaig code business said it had actually seen an encouraging start to the year.
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Revenue was more than 10% greater.
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Chief executive Jim Mullen said: "At Cheltenham we were advised of the intense competition with deals and pricing at levels which, in our view, abandoned bookmaking concepts.

"We completed hard but refused to pursue unsustainable methods."
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He informed the BBC gambling was for his clients, not his company: "I've constantly said we remain in the gaming company, we do not gamble ... I believed Cheltenham was a race to the bottom."
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The company stated the Grand National winner, Rule The World, which was a 33/1 shot, delivered a bet9ja's welcome offer contrast to Cheltenham.

Ladbrokes said it was "positive" that its outcomes would remain in line with expectations.

'Recreational punter'
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Last year Ladbrokes revealed strategies to combine with its smaller sized competitor, Coral.

UK competition authorities are presently looking at the offer.
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Steve Clayton, analyst at Hargreaves Lansdown stockbrokers, stated the most current trading statement from Ladbrokes was encouraging, but the genuine issue was whether the merger with Coral would be permitted: "A merged Ladbrokes and Coral will have a dominant retail position, even if numerous shops have actually to be sold.

"We anticipate substantial cost conserving will be possible due to the fact that there will be large locations of overlap and unnecessary duplication of functions throughout the combined organization."

Ladbrokes is pursuing a various method to that of its competitors by focussing on customer care and the yohaig code periodic punter, who will not always hunt for the very best odds.

Mr Clayton said: "The bookmaker's strategy is to focus on the 'leisure punter', simply put the still soft and flexible, unhardened gamblers out there.

"These individuals do not know what the best odds need to be, so it is easier to build a fat win margin into the bookmaker's terms."