Ladbrokes Reports Record Profits
25 Feb 2005
UNITED KINGDOM –As reported by the UK Independent: "Ladbrokes, the bookmaker owned by the Hilton Group, unveiled record profits yesterday, up 28 per cent to £273m, as it continues to rake in money from internet gambling and virtual roulette machines.
"The Hilton group also announced it was returning up to £400m to shareholders by selling as many as 18 hotels.
"…Profits from Ladbrokes' internet operations rose 50 per cent over the year to £21.3m, and profits in its betting shops rose 24 per cent to £215m. Winnings on virtual roulette machines were up 41 per cent and Ladbrokes now takes £584 a week from each machine…"