Ladbrokes placed into examinership by High Court

Bookmaker’s Ladbrokes has been placed into examinership by the High Court. The bookies has a chain of almost 200 shops across the country and employs over 800 people. There are 6 Ladbrokes outlets in the Kerry area – Tralee, Killarney, Castleisland, Rathmore, Listowel and Abbeyfeale. The company says its sought court protection after a number of years of falling profits. Ladbrokes is also warning that redundancies among its staff are likely as it restructures its business. All shops will continue to trade as normal during the examinership process.