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
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, …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »True Drama – The Richard Glynn & Ladbrokes Story
The 86th US Academy Awards (The Oscars – to you and me!) are upon us, for this week’s cultural sections of the media have been debating the pros and cons of such heavyweight dramas such as current favourite Twelve Years a Slave and its contenders American Hustle, Gravity and Dallas Buyers Club. No doubt they are all worthy candidates to …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »‘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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