Jan 7, 2022
Ladbrokes claimed £102m furlough despite online boost
Bookmaker Ladbrokes claimed £102m from the furlough scheme, despite rapid growth in online betting making up for all losses from the closure of stores. Accounts published on Thursday show that Ladbrokes claimed £57.5m in 2020, and the BBC understands it claimed a further £44m this year. The biggest claimers from the furlough scheme were mostly those for whom Covid lockdowns meant steep falls in revenue - airlines, pub companies, leisure groups, shops, restaurants and caterers. Entain is legally entitled to claim the money, and there is no suggestion that it did anything wrong in making the claim or retaining the money. Betfred, which operates 1500 betting shops, also made substantial furlough claims despite rising profits.
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