Good weather equals poor casino profits

There have been several reports in various Irish casino news sources about the great weather which has been prevalent this summer affecting profits at the likes of Ladbrokes casino and Rank. Ladbrokes, whose profits reportedly fell by some 50%, blame the good weather for causing people not to enter the betting shops which of course has nothing to do with people using their online casino although whether the good weather caused Irish casino players not to play but preferring to be in the garden is not clear. It should be remembered however that a large slice of Ladbrokes casino profits come from the fixed odds betting terminals that are legal in the UK but not in Ireland so loss of customers in the UK shops is important. Even if they were legal in Ireland, casinos.ie would advise Irish casino players not to use them as you are better off using your regular online casino. Rank who run a number of brick and mortar casinos and bingo halls also claimed that the warm weather was keeping people away and that the first month of the financial year which was July recorded a poorer performance than expected. It is hard to feel sorry for them though as the full year results to the end of June showed revenues up by some 7% compared to the previous year. Rank of course has no online casinos so is dependent upon gamblers attending casinos or bingo halls. What is clear from subsequent stories in the Irish casino news is that patience is running out with the Ladbrokes CEO Richard Glynn with at least one major investor claiming that the digital division which includes the online casino offering must improve by the first quarter of next year or there may be heads which roll. Here at casinos.ie Irish casino news page we shall do our best to keep you up to date.