Ladbrokes’ sees Irish revenue dip 1% in first quarter

Ladbrokes saw a further 1% dip in revenues at its struggling Irish operations during the first three months of the year.

A first-quarter trading update, published yesterday by the British betting and gaming services giant, also showed, however, that amounts staked by punters in its shops here grew by 1.2% year-on-year during the period.

The company’s Irish division entered examinership earlier this week, in a bid to protect its long-term viability. It is expected that its estate of 196 shops in Ireland will shrink to around 60 and redundancies will lower its workforce from 840 to around 600.