Ladbrokes to launch spread betting with WorldSpreads
Ladbrokes is to launch a financial spread betting service at www.ladbrokes.com following a partnership agreement with WorldSpreads Limited, a member of the WorldSpreads Group.
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Conor Foley, CEO of WorldSpreads Group plc, said: “This partnership is consistent with one of the long term growth strategies of the WorldSpreads Group to form alliances with companies that have complementary client databases. We are confident that the financial spread betting product will be favourably received by the customers of Ladbrokes and we look forward to working with the team at Ladbrokes in building a new and proven revenue channel for them, and us.”
Christopher Bell, Chief Executive of Ladbrokes plc commented: “Spread betting is an increasingly popular choice for people wishing to bet on financial markets – and we believe there is significant potential for a brand like Ladbrokes to extend its appeal to the broader betting and gaming market.”
Under the terms of this new partnership, WorldSpreads will provide an online trading service offering spread bets on financial market instruments such as stock indices, individual shares, currencies, commodities and interest rates, and Ladbrokes will market this service under their own brand to their extensive database of customers.
Not a Ladbrokes user, yet? Register here…
About WorldSpreads Group plc
WorldSpreads Group plc (WSPR) is a fast growing financial services company offering online and telephone trading. Its core activity is the provision of spread betting products on the financial markets to retail clients from its website http://www.worldspreads.com/.
WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR, is regulated and authorised by the Financial Services Authority and has a European regulatory ‘passport’. It offers a full range of spread betting prices on all the major financial markets, including stock indices, individual shares, currencies, commodities and interest rates.
About Ladbrokes
Formed in 1886, Ladbrokes plc is a world leader in the betting and gaming market. In 2009 it took £15 billion in stakes with group revenues of over £1 billion. Benefiting from its brand strength the company offers an all-embracing range of betting and gaming services supported by 15,000 employees and state of the art technology. Ladbrokes delivers its services via three key distribution channels – retail, online and telephone. It has a market-leading retail presence in the UK, Ireland, Belgium and the Madrid region of Spain with over 2,700 retail outlets. Ladbrokes.com offers a comprehensive range of betting and gaming opportunities in 18 languages and 18 currencies and its high quality telephone betting service handles over 5 million calls a year.
