Ladbrokes sees 3% underlying rise in Irish revenues

The Irish operations of British betting services group Ladbrokes managed to grow revenues by 3% last year, on a reported basis, despite seeing the amount of money spent in its outlets fall as the size of its retail estate declined.

In 2015, Ladbrokes Ireland emerged from examinership with 143 shops; 53 fewer than it had before entering the process. As of the end of 2016, the group operated 141 shops in the Republic.

Despite that, last year saw Ladbrokes Ireland’s net revenue grow by 3% to £38.7m (€44.6m).