However, the company also announced that it had identified further cost savings resulting from the merger, and thus revised estimates from $130 million to $200 million on annual monies saved through corporate synergy.<\/p>\n
But financial analyst George Salmon told CityAM<\/em> that these numbers meant little with so much regulatory uncertainty in the air. “One gets the feeling the [$70 million] per annum bump could well pale into insignificance once the government has had its say on the future of controversial fixed odds gambling machines.”<\/p><\/blockquote>\nStill, markets reacted positively to the news that group profit for H1 is expected to be\u00a0four to seven percent\u00a0higher than 2016, landing somewhere near $200 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
Just as online sales for common goods have forced many brick-and-mortar retail stores to close, it seems the more \u201cpunters\u201d in the UK bet online, the less they bet in traditional bookmaking shops. Ladbrokes Coral\u2019s revenue from digital operations climbed 17 percent in the first half of 2017, with sports betting revenues up 25 percent, […]<\/p>\n","protected":false},"author":42,"featured_media":55444,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,19,1074],"tags":[],"acf":[],"yoast_head":"\n
Online Revenues Soar for Ladbrokes Coral as Retail Profits Tumble<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n