IRISH SO LUCKY THEY SEND PROFITS TUMBLING

If you ever needed proof of the luck of the Irish then the latest figures from Ladbrokes surely offer all the evidence you need.

The bookmakers’ pre-tax profits were £71.8million – down from £114.7million just one year before. Indeed its net revenue fell by three per cent to £483million, although this was partly affected by the comparison to a World Cup year.

However, what is particularly notable is that its profits in Ireland fell by nearly a third to £3.8million – even though the amount staked in bets actually grew by seven per cent.

Everyone is a winner

A high number of Irish winners at both Cheltenham and Royal Ascot had a significant impact on the figures. The company has 216 shops in the Republic and 78 in Northern Ireland.

By contrast, its figures in its UK retail business dropped by two per cent – to £75.4million; but its online betting and other digital profits actually leapt by 6.5 per cent to £31million. 

According to chief executive Richard Glynn there are good levels of underlying growth in the UK retail and digital business even though economic conditions are tough. He is particularly encouraged by the performance of the company’s gaming machines.

Get in on the act

Gambling should only ever be undertaken responsibly and you should never risk money that you need. However, if you do plan on taking the odd bet then why not make that money go further by taking advantage of the betting voucher codes at 5hop5.ie?

The Irish promo code website has an entire betting/casino section that includes voucher codes from big names such as Ladbrokes, 32Red and 888.com.