Between punters winning a lot of money at Cheltenham, the cancellation of 62 horse races and a struggling digital unit posting a .7 percent decline in revenues, Ladbroke is struggling. In fact, they're struggling enough to issue a profit warning. According the FT report:

The sluggish numbers prompted Ladbrokes to warn that its full-year profit figure would be “towards the bottom” of previous guidance, which would mean full-year operating profit of about £188m – down from £206m reported in 2012.
http://www.ft.com/intl/cms/s/0/c7d2c...#axzz2QecQx5uD

http://www.guardian.co.uk/business/2...profit-warning