Ladbrokes Profit Warning on Online Gambling Sinks Stock

Ladbrokes stock dropped on Thursday after the UK bookmakers said a first-half decline in online gambling profit would be worse than expected due to delays in technology projects and a poor margin in its sportsbook. 

Ladbrokes shares were down about 12 percent to 152.7 pence after the Harrow, England-based company said that its digital profit would halve. 

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