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Ladbrokes to Show its Hand over US Proposal
 August 27, 2006, 7:47 pm (5 years ago)Investors of Terrestrial and online gambling firm Ladbrokes are having their fingers crossed because, the firm is likely to reveal its plans, whether to enter the perilous market of the US online gambling.
The snag is, the company having stake and interest in the Hilton hotel group which is spreading in the US. The keen guy who is masterminding the Ladbrokes US online operation is none other than Mr. Chris Bell, who is the chief executive of the company.
The investors are to be updated by Ladbrokes on its plans for the US. It will also announce its very first results as an self-governing business. Mr. Bell probably will reveal a pre-tax profit of £120m up to June2006.
According to UBS, the core betting operations of the company have risen from £144m the year before to £159m this year.
Ladbrokes is said to be keeping an eye on the situation (BetOnSports) in the US, which is the world’s biggest gambling market. Why, the businesses were split during March this year. Weren’t they?
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