iGaming Business – Bookmaker Ladbrokes said that despite having suffered a year-on-year drop in group operating profit during the three months to March 31, 2014, it was still able to deliver all of its “stated operational targets” either on time or ahead of schedule. The company recorded operating profit of £18.4 million (€22.4 million/$30.9 million) in the first quarter of 2014, down from £37.4 million in the corresponding period last year. Ladbrokes put a 2.3% drop in revenue down to industry-wide results that have impacted a number of companies. The bookmaker’s UK retail operation recorded a gross win margin of…