Ladbrokes Ireland records €4.2m loss

THE Irish division of British bookmaker Ladbrokes slumped into the red last year recording a pre-tax loss of just over €4.2 million according to accounts recently filed with the Companies Office.

While Ladbrokes openly reports Irish sales and over-the-counter betting trends in its corporate results; actual profit breakdown for Ireland is not generally included.

The latest accounts — for the 12 months to the end of last December — show that Ladbrokes Ireland’s €4.2m loss spectacularly reversed an impressive €11.67m pre-tax profit the previous year. The company — under an impairment review — charged the 2009 profit and loss account by just under €1.2m.