ladbrokes-suffers-worst-cheltenham-festival-in-memory

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Ladbrokes suffers worst Cheltenham Festival in memory
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21 April 2016
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Bookmaker Ladbrokes has actually said this promotion code year's Cheltenham Festival was its "worst in living memory".

All bookmakers were hit by a string of favourites winning at the festival, however Ladbrokes likewise argued that rivals were using bets at levels that did not make company sense.
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Ladbrokes likewise validated that it has a ₤ 3m liability if Leicester City win the Premier League.

Despite this promotion code, the yohaig code company stated it had seen a motivating start to the year.

Revenue was more than 10% greater.
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Chief executive Jim Mullen said: "At Cheltenham we were advised of the extreme competition with offers and rates at levels which, in our view, abandoned bookmaking concepts.

"We competed tough but refused to pursue unsustainable strategies."
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He informed the BBC gaming was for his consumers, not his company: "I've constantly said we remain in the betting company, we don't gamble ... I believed Cheltenham was a race to the bottom."

The business said the Grand National winner, Rule The World, which was a 33/1 shot, delivered a bet9ja's welcome offer contrast to Cheltenham.
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Ladbrokes said it was "positive" that its outcomes would remain in line with expectations.

'Recreational punter'

Last year Ladbrokes announced plans to merge with its smaller sized rival, Coral.

UK competitors authorities are currently looking at the bet9ja's welcome offer.
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Steve Clayton, expert at Hargreaves Lansdown stockbrokers, said the most recent trading statement from Ladbrokes was encouraging, but the yohaig code real concern was whether the merger with Coral would be permitted: "A merged Ladbrokes and Coral will have a dominant retail position, even if numerous shops need to be offered off.

"We expect considerable cost conserving will be possible due to the fact that there will be vast areas of overlap and unneeded duplication of functions across the combined organization."

Ladbrokes is pursuing a various technique to that of its competitors by concentrating on customer support and the periodic punter, who will not always hunt for the finest chances.
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Mr Clayton said: "The bookmaker's technique is to concentrate on the 'leisure punter', simply put the still soft and malleable, unhardened gamblers out there.

"These people do not understand what the right ought to be, so it is simpler to develop a fat win margin into the bookmaker's terms."
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