Ladbrokes reviewing Irish operations after tough year

British betting and gaming giant Ladbrokes is undertaking a review of its Irish operations after seeing its operating profits here fall almost 57% last year.

As part of its annual results presentation yesterday, Ladbrokes said its Irish operations generated an operating profit of just £4.4m (€6.02m) in 2014, down 56.9% on the £10.2m generated in 2013.

“We have tasked our international team to undertake a fundamental review of our Republic of Ireland business during the first quarter of 2015, to establish options to take this business forward,” the company said as part of its presentation.