Ladbrokes: revenues fall, but online profits rise 41%

Following the decision in November to shift its sportsbook operations from Britain to Gibraltar, Ladbrokes has posted a whopping 41% rise in egaming profits over the same period last year, despite egaming revenues taking a 2% drop. Overall net revenue fell 6%, so we guess that £80M refund the company received last month from the UK taxman was even more welcome than it first seemed. Read more.