Ladbrokes CEO Bullish for Q2-2012

Ladbrokes Plc CEO Richard Glynn is optimistic that the Rayners Lane and Gibraltar based sports betting powerhouse will further increase revenue in the second financial quarter of 2012, with increases lead by their digital divisions.

Glynn said:

“We have an awful lot more to do, but its steady, pleasing progress,” Glynn said on a conference call with reporters today. “We are having to invest heavily. You will see the revenue uptick in the second-half of this year.”

He added:

“The 2012 UEFA European Football Championship may generate about 300 million pounds ($482 million) in additional amounts staked for the industry”.

Ladbrokes CEO Richard Glynn

Chris Denny

I have been involved in the betting industry since the late 90’s and have in that time worked for a on course bookmaker (at now much missed Catford Dogs), spent time at a leading spread betting company, and worked for Betfair in their two year start-up phase.

In 2007 I co-founded iGaming supplier Hyperion Gaming with long suffering business partner Alex Lafferty.

Being involved in the industry for so long has given me a good understanding of the wonderful world of online gambling, and I put effort into giving honest opinions, that remain my own!

Chris Denny+