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UK News

Code Of Conduct Set to Tackle Problem Gambling

SBC News Code Of Conduct Set to Tackle Problem Gambling

The recent government  debate and increased media coverage regarding problem gambling, the  promotion and advertising of betting and gambling services and the expansion of UK betting shops has triggered the UK gambling industry to launch a code of conduct in order to tackle issues and concerns effecting the industry and its customers. As of March 1, the UK gambling commission …

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UK Betting Heavyweights Support ABB Code

SBC News UK Betting Heavyweights Support ABB Code

UK gambling operators have come together to support the recent launch of the Association of British Bookmakers (ABB)  Code for Responsible Gambling and Player Protection. The code will come into action on the 1st of March 2014, and will look to bring new best practices for better protection of  UK betting and gambling customers. The newly designed code implemented by the ABB, …

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Richard Glynn Ladbrokes Shares Winner

SBC News Richard Glynn Ladbrokes Shares Winner

Richard Glynn CEO of Ladbrokes was  awarded 192,080 shares worth £290,000 under long-term share incentive plans tied to his contrat signed in 2010, the payout represents a quarter of the potential maximum of the share awards set in 2010. News of the payout — which is much lower than last year,comes days after the bookmaker reported sharply  falling annual profits …

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Sir Roy Gardner Joins Hills Board

SBC News Sir Roy Gardner Joins Hills Board

William Hill  announced the appointment of Sir Roy Gardner as an independent Non-executive Director, with effect from 3 March 2014. He will serve as a member of the Audit and Risk, Remuneration, Nomination and Corporate Responsibility Committees, and will take over as Senior Independent Non-executive Director when David Edmonds retires from the Board at the 2014 Annual General Meeting. Sir …

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Mixed views on Bwin.party prospects

SBC News Mixed views on Bwin.party prospects

Bwin.Party has received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, although there is some variation in how the analysts are viewing the company’s prospects. According to American Banking and Market News, three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have …

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POC needs to be ‘properly enforced’

SBC News POC needs to be 'properly enforced'

Ladbrokes have called for ‘proper enforcement’ of the point of consumption (POC) licensing of online gaming when it is introduced in the UK later this year. The firm estimate that the new tax, despite being planned for December this year, will hit their 2014 revenues by £2m and they want to see some benefit for this expense. They said: “How …

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New mobile sportsbook boosts Ladbrokes

SBC News New mobile sportsbook boosts Ladbrokes

Some good news for Ladbrokes in the bookmaker’s poor annual results has come in the shape of its mobile strategy. The firm launched its new mobile sportsbook in December and has seen amounts staked and sign ups up by more than 50% and active players growing by more than 30% year on year since the launch. Over the 2013 mobile …

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Increase in costs wipes out retail gains

SBC News Increase in costs wipes out retail gains

A 6.6 per cent increase in operating costs and a 20 per cent increase in gaming machine taxation saw Ladbrokes’ UK retail division post a 25.9 per cent drop in operating profit for 2013 to £133.9m. While gaming machines saw a net revenue increase of 20.2 per cent to £408.4m (mostly driven by growth in £2 stake B3 content), over …

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‘Disappointing’ results from Ladbrokes

SBC News 'Disappointing' results from Ladbrokes

Ladbrokes chief executive Richard Glynn has labelled his firm’s annual results for 2013 as ‘disappointing’ but maintains that the bookmaker has made ‘real operational progress’ during the year. The figures were never going to be good after a series of profit warnings during the period, but the company has posted a 32.9% drop in group operating profit to £138.3m with …

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