My thoughts re trading update!!14 Jan 2011 10:30
They will have suffered in the run up to Christmas, shops not opening, race meetings abandoned and football matches postponed. I only know of 1 shop closure in my area, but they've opened 3 new ones in the last 6 months. They closed about 20+ in Ireland though. Gibraltar is where the online and telephone betting is based, for tax purposes. This year has seen the transition of the phone betting call centres moved to Gibraltar, from Sheffield and Leeds. Resulted in a number of staff having to take redundancy. However, it went well and the new call centre is now fully operational. The general consensus communicated is that they are still out performing our competitors, and are strong industry leaders. Also, following the VAT rise, the company has to add an extra £26 million to the bottom line of the balance sheet in 2011.
Gl all