{"id":6728,"date":"2025-10-25T03:30:30","date_gmt":"2025-10-25T03:30:30","guid":{"rendered":"https:\/\/caneparealty.com\/index.php\/agent\/lavadastaley0\/"},"modified":"2025-10-25T03:30:43","modified_gmt":"2025-10-25T03:30:43","slug":"lavadastaley0","status":"publish","type":"agent","link":"https:\/\/caneparealty.com\/index.php\/agent\/lavadastaley0\/","title":{"rendered":"lavadastaley0"},"content":{"rendered":"

Ladbrokes Claimed \u20a4 102m Furlough Despite Online Boost<\/strong><\/p>\n

Ladbrokes claimed \u20a4 102m furlough despite online increase<\/p>\n

7 January 2022<\/p>\n

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

ByBen King
\nBusiness press reporter, BBC News<\/p>\n

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

Bookmaker Ladbrokes claimed \u20a4 102m from the furlough plan, regardless of quick growth in online betting offseting all losses from the closure of shops.<\/p>\n

Accounts released on Thursday reveal that Ladbrokes declared<\/a> \u20a4 57.5 m in 2020, and the BBC understands it claimed a further \u20a4 44m this promotion code<\/a> year.<\/p>\n

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

Since the pandemic started moms and dad business Entain has really increased revenues, driven by strong online development.<\/p>\n

Entain said the cash safeguarded 14,000 tasks, and is “under evaluation.”<\/p>\n

The most significant claimers from the furlough scheme were mainly those for whom Covid lockdowns suggested high falls in income – airlines, pub companies, leisure groups, shops, dining establishments and caterers.<\/p>\n

One business stands out in the list – Ladbrokes, the UK’s biggest operator of betting stores, with 2,845 facilities branded<\/a> or Coral.<\/p>\n

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

For though it had to close them for big parts of 2020 and 2021, it had a lifeline – online.<\/p>\n

Its parent company, FTSE 100-listed gaming giant Entain, has a big online betting business, and clients who could not wager in shops during the dark days of lockdown gathered to sites and apps rather.<\/p>\n

Last April’s Grand<\/a> National climaxed for the biggest online sports betting occasion in the yohaig code<\/a> UK.<\/p>\n

this promotion code<\/a> meant that in spite of lockdowns, Entain’s 2020 revenues were the same from the year before at \u20a4 3.6 bn, and it even handled to record a revenue of \u20a4 114m. In the first nine months of 2021 profits grew 8%.<\/p>\n

Entain is likewise well put to benefit from the explosive development of online wagering in the US through its BetMGM joint endeavor.<\/p>\n

\u20a4 102m furlough claim<\/p>\n

Despite a strong monetary performance, Ladbrokes made a large furlough claim.<\/p>\n

Accounts for Ladbrokes Gaming and Betting Ltd, a subsidiary company of Entain, submitted with Companies House and published on Thursday show that it declared<\/a> \u20a4 57.5 m of furlough in 2020.<\/p>\n

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

The BBC comprehends the business claimed around \u20a4 44m in 2021, taking the overall to \u20a4 102m.<\/p>\n

According to BBC analysis of data released by HMRC, that would be one of the 20 greatest furlough claims for 2021.<\/p>\n

A representative<\/a> for Entain stated: “The furlough plan was a practical and extremely bet9ja’s welcome offer<\/a> policy intervention that assisted us, as one of the country’s biggest merchants, to keep the incomes of more than 14,000 retail coworkers on complete pay.<\/p>\n

“Whilst the infection is still with us and the outlook, although improving, is still far from specific, the Board will continue to keep the situation<\/a> under evaluation.”<\/p>\n

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

Entain is legally entitled to declare the cash, and there is no tip that it did anything wrong in making the claim or maintaining the cash.<\/p>\n

However competing bookie William Hill decided to return \u20a4 24.5 m of furlough cash in August 2020, pointing out the “strength of the post-lockdown recovery.”<\/p>\n

Iain Duncan Smith MP, the vice chair of the Gambling Related Harm All Party Parliamentary Group, stated: “The greed of these companies, that derive huge benefit from addicted gamblers, never stops to impress.<\/p>\n

“Any business with a clear sense of morality would immediately hand this promotion code<\/a> refund to the UK taxpayer.”<\/p>\n

A variety of companies in other industries decided to return furlough funds when the effect of the pandemic proved less severe than initially feared – consisting<\/a> of housebuilders Redrow, Barratt<\/a> and Taylor Wimpey, Games Workshop, and circulation giant Bunzl.<\/p>\n

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

Flutter, owner of the Paddy Power betting stores, did not tap the yohaig code<\/a> furlough scheme at all.<\/p>\n

Betfred declared at least \u20a4 46.6 m in furlough<\/p>\n

Betfred, which operates 1500 betting<\/a> shops, likewise made significant furlough claims regardless of rising revenues.<\/p>\n

It claimed \u20a4 28.1 m in furlough the year ending 27 Sep 2020, according to business accounts.<\/p>\n

In addition, a Betfred subsidiary company, Done Brothers (Cash Betting) Ltd, claimed<\/a> somewhere between \u20a4 18.5 m and \u20a4 37.5 m from Dec 2020 to May 2021, according to HMRC information (which just gives a variety, not a specific<\/a> figure).<\/p>\n

The total for the group includes up to between \u20a4 46.6 m and \u20a4 65.6 m, though these figures do not include any claims it might have made in October and November 2020.<\/p>\n

Betfred Group saw turnover fall from \u20a4 621m to \u20a4 525m in the year ending 27 September 2020, the most recent figures offered, as lockdowns required<\/a> its stores to close.<\/p>\n

However the group still made significant profits, up from \u20a4 171m to \u20a4 205m, lifted by some one-off gains including \u20a4 98m resulting from a successful court case versus HMRC for VAT paid on fixed-odds<\/a> betting terminals from 2005 to 2013.<\/p>\n

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

A Betfred representative stated: “Thanks to the Government’s Job Retention [furlough] Scheme we have actually not needed to make a single redundancy due to the pandemic and we will continue to invest in our shops on the high street.”<\/p>\n

Coronavirus lockdown measures<\/p>\n

Job Retention Scheme<\/p>\n

Trump golf resorts declared over \u20a4 3m in furlough<\/p>\n

25 December 2021<\/p>\n

Businesses invite back workers as furlough ends<\/p>\n

7 October 2021<\/p>\n","protected":false},"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","agent_location":[67],"agent_category":[],"cmb2":{"_agent_contact_details":{"_agent_attached_user":"","_agent_featured":"","_agent_job":"","_agent_email":"lavada-staley-442@emailchain.space","_agent_website":"","_agent_phone":"499674377","_agent_fax":""},"_agent_socials":{"_agent_socials":[{"network":"fab fa-pinterest"}]},"_agent_location":{"_agent_address":"Molenstraat 180","_agent_map_location":{"address":"","latitude":"","longitude":""}}},"_links":{"self":[{"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/agent\/6728"}],"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=6728"}],"wp:attachment":[{"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/media?parent=6728"}],"wp:term":[{"taxonomy":"agent_location","embeddable":true,"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/agent_location?post=6728"},{"taxonomy":"agent_category","embeddable":true,"href":"https:\/\/caneparealty.com\/index.php\/wp-json\/wp\/v2\/agent_category?post=6728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}