Ladbrokes posts double digit half year profit rise
The betting company outlines delivery of technology projects following delays
By Anh Nguyen | Computerworld UK | Published 16:30, 02 August 12
Ladbrokers reported a double digit rise in half yearly operating profit as the bookmaker pledged to focus on technology updates due to a dip in digital profits, the betting company said on Thursday.
The company on Thursday posted a rise in revenue and operating profit of 8.4 percent and 11 percent respectively for the six months to 30 June 2012.
Ladbrokes said it would focus on delivering several key technology developments in the second half of the year following a fall in digital profits to £15 million, down 49.5 percent from £29.7 million.
The betting company had anticipated a drop in digital profits due to increased marketing costs and withdrawal from certain international markets, but revealed in a profit warning last month that the decline had been “exacerbated” by delays in the delivery of certain technology projects.
One of the delayed IT projects was the transfer of all customers to a new website by the Euro 2012 football tournament, which took place in June. The migration was postponed due to negative feedback.
“During Q4 we will deliver our new sportsbook, and begin the subsequent migration of all active customers [continuing into Q1 2013]. Our new mobile platform, which is reliant on the same technology, will then follow," Ladbrokes chief executive Richard Glynn said in a statement on Thursday.
“The active data warehouse, now in use to underpin our new trading fieldbook, will be deployed further in Q4, providing enhanced analytics to our marketing teams. This then facilitates the subsequent development of our customer relationship management (CRM) capabilities,” Glynn said.
Meanwhile, the company appointed its IT director Mark Grimes to its board after the resignation of digital executive Richard Ames. Ames, who was head of product responsible for IT and trading at Ladbrokes, resigned as a director of the company on 1 August.
Share:Facebook Twitter Google Plus Stumble Upon Reddit Share This Email this article
In the final of a three-part series, we look at the potential for companies to become victims in the battle for big datamore ..
Awarded preferred bidder status for 10-year transformation projectmore ..
German Chancellor Angela Merkel says data protection a major concern, while UK Prime Minister David Camerson focuses on British innovators working with German partnersmore ..
Customers unable to access services for two hours on Saturdaymore ..
In the second of a three-part series, Pat Brans looks at the ethics of collecting 'big data'more ..
In the first of a three part series, Pat Brans explores just how big 'big data' will get?more ..