Ladbrokes' reliance on gaming machines to drive revenue growth at its High Street betting shops was again in evidence in the first quarter, while it seems to have had a better Cheltenham race festival than most of the punters who use its services.
Group net revenue in the first three months of 2012 was 8.9% higher than in the first quarter of 2011. Revenue at the UK shops was up 9.0% on a year earlier, driven by a 21,7% advance in revenue from gaming machines. Money taken over the counter in the traditional manner was up 0.5% from a year earlier.
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