Ladbrokes Ireland sales drop almost 17% in quarter
The annualised drop in sales, coupled with a near 1% decline in amounts of money staked by punters, was a direct result of the reduction in the company’s branch network here since its emergence from examinership in August.
Ladbrokes’ store network in the Republic dropped by just over 50 to 144 outlets and staff numbers decreased by 90 after Ladbrokes Group emerged as the preferred survival solution, via a €13m investment plan, of the High Court-appointed examiner in early August.
