Ladbrokes gets right result at Cheltenham

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.

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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