Ladbrokes proceeds with Chinese plans
9 Aug 2007
UNITED KINGDOM -- As reported by the UK Telegraph: "Bookmaker Ladbrokes is pushing ahead with plans to enter the Chinese market, as operating profits in the UK have fallen more than 10pc in the last six months.
"The high-street betting group said it is 'exploring opportunities' in China, where it plans to open betting shops. Ladbrokes already has a joint venture in the country's first sports pool betting shops.
"Sports and welfare lotteries are the only officially-sanctioned forms of gambling in China.
"...Ladbroke's group finance director, Brian Wallace, has just returned from Macau. He said: 'It's an extraordinary growth story, but we're not looking to open casinos in Macau - the real thrust for us in that region is sports betting.'
"The group is also currently bidding for sports lotteries in Taiwan and Vietnam..."
Ladbrokes proceeds with Chinese plans
is republished from iGamingAffiliatePrograms.com.