Its CEO blamed "intense competitive pressures" for the decision
Ladbrokes confirms Gibraltar move for online gambling
2009-08-12
Reading time 14 seg
The company confirmed this morning that, like rival bookmaker William Hill, it will defy a "gentleman's agreement" to keep running its Internet operations in the UK.
Chief executive Christopher Bell, blamed "intense competitive pressures" for the decision, which industry experts had already said was inevitable following William Hill's move on Tuesday.
"Ladbrokes did not reveal how much it expects to save through the move..."
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