Ladbrokes CEO Glynn Says Digital Progress Is ‘Steady’

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

Ladbrokes Plc (LAD) 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