From d8a210c2c3710e6be8d81bd061d7f365e1a13d0e Mon Sep 17 00:00:00 2001 From: Harlan Birmingham Date: Mon, 22 Sep 2025 22:36:48 +0800 Subject: [PATCH] Add Ladbrokes Suffers Worst Cheltenham Festival In Memory --- ...ers-Worst-Cheltenham-Festival-In-Memory.md | 20 +++++++++++++++++++ 1 file changed, 20 insertions(+) create mode 100644 Ladbrokes-Suffers-Worst-Cheltenham-Festival-In-Memory.md diff --git a/Ladbrokes-Suffers-Worst-Cheltenham-Festival-In-Memory.md b/Ladbrokes-Suffers-Worst-Cheltenham-Festival-In-Memory.md new file mode 100644 index 0000000..d56a56b --- /dev/null +++ b/Ladbrokes-Suffers-Worst-Cheltenham-Festival-In-Memory.md @@ -0,0 +1,20 @@ +
Ladbrokes suffers worst Cheltenham Festival in memory
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21 April 2016
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[Bookmaker Ladbrokes](https://actv.1tv.hk/@pqntamie42007?page=about) has stated [this promotion code](https://testgitea.educoder.net/daisynavarrete) year's Cheltenham Festival was its "worst in living memory".
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All were hit by a string of favourites winning at the celebration, however [Ladbrokes](https://git.harddays.dev/martygarza5977) likewise argued that competitors were [providing bets](http://gitea.astro.dpdns.org/emeliaa6650949) at levels that did not make business sense.
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[Ladbrokes](https://video.thedogman.net/@valoriecarney?page=about) also [verified](https://git.octava.cool/lonnatrask3074) that it has a ₤ 3[m liability](https://git.geobretagne.fr/maricelakellaw) if Leicester City win the Premier League.
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Despite this, the [business](https://voicync.com/gingermagarey) stated it had actually seen a [motivating start](https://www.lizyum.com/@francescaclary) to the year.
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Revenue was more than 10% greater.
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[Chief executive](https://hub.wmir.net/@idaoutlaw0040?page=about) Jim Mullen said: "At Cheltenham we were advised of the intense competitors with deals and prices at levels which, in our view, deserted bookmaking concepts.
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"We contended difficult however [declined](https://patriatube.com/@rhondaholloway?page=about) to pursue unsustainable strategies."
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He told the BBC gaming was for his consumers, not his service: "I've constantly stated we remain in the [betting](https://gitea.l2reworld.com/marty260029636) organization, we do not gamble ... I believed Cheltenham was a race to the bottom."
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The business said the Grand National winner, Rule The World, which was a 33/1 shot, provided a [bet9ja's welcome offer](https://worship.com.ng/skyemunoz95230) contrast to Cheltenham.
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Ladbrokes said it was "positive" that its outcomes would remain in line with expectations.
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'Recreational punter'
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In 2015 Ladbrokes revealed plans to combine with its smaller sized competitor, Coral.
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UK competition authorities are currently looking at the [bet9ja's welcome offer](https://gitea.meetgu.ru/juanitawise742).
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Steve Clayton, expert at Hargreaves Lansdown stockbrokers, stated the current trading statement from Ladbrokes was encouraging, but the real problem was whether the merger with Coral would be allowed: "A [merged Ladbrokes](https://gitnto.innovationcampus.ru/georgebeeby678) and Coral will have a dominant retail position, even if numerous shops have actually to be sold.
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"We anticipate substantial cost conserving will be possible because there will be huge areas of overlap and unnecessary duplication of functions throughout the combined service."
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[Ladbrokes](https://www.kornerspot.com/@callieelia556) is pursuing a different strategy to that of its rivals by focussing on customer service and the [occasional](https://kition.mhl.tuc.gr/kiasaldivar623) punter, who will not necessarily hunt for the very best [chances](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR).
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Mr Clayton said: "The bookie's strategy is to concentrate on the 'leisure punter', in other words the still soft and flexible, unhardened bettors out there.
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"These people do not [understand](https://git.octava.cool/stantonhill14) what the [ideal odds](https://btslinkita.com/@azmdonte630124?page=about) should be, so it is easier to build a fat win margin into the [bookmaker's terms](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR)."
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