Ladbrokes warns of "disappointing" digital earnings Bookmaker Ladbrokes today warned that profits from its online business will come in well below City forecasts, blaming a lack of competitiveness and lower-than-expected margins. The group said the digital division was now expected to deliver an operating profit of between £10 million and £14m for 2013, compared with previous analysts" predictions of about £28m. Shore Capital analyst Greg Johnson said the broker was "frustrated by the lack of progress online" but he said there was encouraging news for investors, with Ladbrokes saying it was committed to maintaining its dividend at about 8.6p.