{"id":6192,"date":"2025-09-22T11:54:19","date_gmt":"2025-09-22T11:54:19","guid":{"rendered":"https:\/\/caneparealty.com\/index.php\/agent\/trentstyers429\/"},"modified":"2025-09-22T11:54:34","modified_gmt":"2025-09-22T11:54:34","slug":"trentstyers429","status":"publish","type":"agent","link":"https:\/\/caneparealty.com\/index.php\/agent\/trentstyers429\/","title":{"rendered":"trentstyers429"},"content":{"rendered":"

Ladbrokes Suffers Worst Cheltenham Festival In Memory<\/strong><\/p>\n

worst Cheltenham Festival in memory<\/p>\n

21 April 2016<\/p>\n

Bookmaker Ladbrokes<\/a> has said this year’s Cheltenham Festival was its “worst in living memory”.<\/p>\n

\"Register<\/a><\/p>\n

All bookies<\/a> were hit by a string of favourites winning at the celebration, however Ladbrokes also argued that competitors<\/a> were offering bets<\/a> at levels that did not make organization sense<\/a>.<\/p>\n

Ladbrokes also verified<\/a> that it has a \u20a4 3m liability<\/a> if Leicester City win the Premier League.<\/p>\n

\"Register<\/a><\/p>\n

Despite this promotion code<\/a>, the business said it had seen a motivating start to the year.<\/p>\n

<\/a><\/p>\n

Revenue was more than 10% greater.<\/p>\n

President Jim Mullen said: “At Cheltenham we were reminded of the intense competition with offers and pricing at levels which, in our view, abandoned bookmaking concepts.<\/p>\n

“We completed tough however declined to pursue unsustainable strategies.”<\/p>\n

He told the BBC gaming was for his customers, not his company: “I have actually constantly stated we’re in the betting business, we don’t bet … I believed Cheltenham was a race to the bottom.”<\/p>\n

The company said the Grand National winner, Rule The World, which was a 33\/1 shot, provided a bet9ja’s welcome offer<\/a> contrast to Cheltenham.<\/p>\n

Ladbrokes said it was “confident” that its results would remain in line with expectations.<\/p>\n

\"Register<\/a><\/p>\n

‘Recreational punter’<\/p>\n

Last year Ladbrokes revealed plans to combine with its smaller rival, Coral.<\/p>\n

\"Register<\/a><\/p>\n

UK competition authorities are presently looking at the bet9ja’s welcome offer<\/a>.<\/p>\n

\"Play<\/a><\/p>\n

Steve Clayton, analyst at Hargreaves Lansdown stockbrokers, stated the latest trading declaration from Ladbrokes was encouraging, but the real issue was whether the merger with Coral would be permitted: “A merged Ladbrokes<\/a> and Coral will have a dominant retail position, even if numerous stores have to be sold.<\/p>\n

\"Register<\/a><\/p>\n

“We anticipate substantial cost conserving will be possible since there will be vast areas of overlap and unnecessary duplication of functions throughout the combined company.”<\/p>\n

\"Register<\/a><\/p>\n

Ladbrokes<\/a> is pursuing<\/a> a different strategy<\/a> to that of its rivals by focussing on client service<\/a> and the occasional<\/a> punter, who will not always hunt for the very best odds.<\/p>\n

Mr Clayton stated: “The bookmaker’s technique is to focus on the ‘leisure punter’, simply put the still soft and malleable, unhardened gamblers out there.<\/p>\n

“These people do not know what the best chances<\/a> must be, so it is much easier to build a fat win<\/a> margin into the bookmaker’s terms.”<\/p>\n","protected":false},"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","agent_location":[58],"agent_category":[],"cmb2":{"_agent_contact_details":{"_agent_attached_user":"","_agent_featured":"","_agent_job":"","_agent_email":"trentstyers-5360@emailinbox.space","_agent_website":"","_agent_phone":"","_agent_fax":""},"_agent_socials":{"_agent_socials":[{"network":"fab fa-pinterest"}]},"_agent_location":{"_agent_address":"Baumbachstrasse 46","_agent_map_location":{"address":"","latitude":"","longitude":""}}},"_links":{"self":[{"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/agent\/6192"}],"collection":[{"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/agent"}],"about":[{"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/types\/agent"}],"replies":[{"embeddable":true,"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/comments?post=6192"}],"wp:attachment":[{"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/media?parent=6192"}],"wp:term":[{"taxonomy":"agent_location","embeddable":true,"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/agent_location?post=6192"},{"taxonomy":"agent_category","embeddable":true,"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/agent_category?post=6192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}