first_img Tags: NULL whatsapp KCS-content whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-TodayTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼center_img Betfair may be getting all the press at the moment with its upcoming float and its threats to leave the UK, but Ladbrokes reminded us it is still here yesterday when it announced a whopping 128 per cent hike in operating profit. This is obviously to be taken strictly within the context of incredibly weak comparatives and the World Cup boost but still represents good progress. It has kept costs at 2009 levels and its slimmed down debt pile (now at £490m) looks manageable compared to cash generation. With a valuation of 7.5 times Ebitda, it appears a snip compared to Betfair’s 13.5 times. However, it will struggle to compete with its online rival’s higher margin potential.Worryingly its average stake declined five per cent year-on-year and William Hill still looks preferable thanks to its more highly developed online strategy. If you’re a betting man it’s worth a punt but keep a closer eye on its rivals. Betfair Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Monday 11 October 2010 9:04 pmlast_img

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