Ladbrokes optimistic despite ‘disappointing’ 2013 results

iGaming Business – Bookmaker Ladbrokes said it remains optimistic about 2014 despite having posted what it described as “disappointing” results in the 12 months through to December 31, 2013. With the firm recording net revenue of £1.1 billion (€1.35 billion/$1.85 billion) during 2013, a decrease of 0.6% on the previous year’s figure, total operating profit fell by 32.9% from £206.1 million in 2012 to £138.3 million. Ladbrokes’ digital division suffered the most significant fall by generating £8.2 million in operating profit, a drop of 74.2% on the previous year’s figure of £31.8 million. UK retail operating profit amounted to £133.9…