Last September, Ladbrokes warned on profits after results at its digital division fell
short of expectations.
The company said at the time that digital profits for 2013 would be between £10m
and £14m, compared with a consensus market forecast of £27.5m.
Almost a year ago, the bookmaker formed a partnership with gambling software
provider Playtech, hoping to bolster its online gaming. But chief executive Richard
Glynn said he had failed to appreciate the impact of trying to implement the new
Playtech platform alongside the existing one powered by Microgaming, which
provides Ladbrokes‘ online casino and poker games.