UK bookies optimistic after Manx bid

Ladbrokes Coral make good in 2017

One of the UK's biggest betting brands says it's had an 'encouraging' 2017, following a failed takeover bid from a Manx eGaming combine.

Ladbrokes Coral, which is listed on the FTSE 250 index, declared a 1% increase in revenues for the first half of the year to £1.2 billion.

It follows the successful merging of once separate entities Ladbrokes and Coral last year.

Profit also rose 7% pro forma to £158.3 million.

Douglas-based GVC Holdings recently offered the firm a buyout worth £3.6 billion, the second such bid in the space of twelve months.

Talks were reported to have broken down.

Despite an apparent fall in the popularity of high street bookies this year, Ladbrokes Coral bosses said revenues from digital and online betting were up 18%.

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