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Ladbrokes CEO Glynn Says Digital Progress Is ‘Steady’

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(Corrects to make clear in last paragraph that amount is not revenue.)

April 19 (Bloomberg) -- Ladbrokes Plc Chief Executive Officer Richard Glynn said the company is making progress in its digital offering and revenue from the division will probably pick up in the second-half.

“We have an awful lot more to do, but its steady, pleasing progress,” Glynn said on a conference call with reporters today. “We are having to invest heavily. You will see the revenue uptick in the second-half of this year.”

The 2012 UEFA European Football Championship may generate about 300 million pounds ($482 million) in additional amounts staked for the industry, he said.

To contact the reporter on this story: Colm Heatley in Belfast at cheatley@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net

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