Featured News

Carl Leaver CEO of Gala Coral Group has dismissed claims that the creation of Ladbrokes-Coral will only favour Coral stakeholders. Having announced Gala Coral’s year to date performance which saw the operator record EBITDA earnings of £205 million, Leaver dismissed the recent criticisms of Ladbrokes investor Dermot Desmond. The Irish investment magnet had made scathing criticisms regarding Ladbrokes governance woeful …

Issuing a short statement on Friday (27 November), Paddy Power Plc and Betfair Group Ltd have both announced that the planned £6.2 billion merger deal will be put to vote on 21 December. Both operators are set to host ‘extraordinary meetings’ in which investors will cast their votes on whether to progress the merger. Preparing for their shareholder vote, Paddy …

Industry news source EGR Magazine crowned Gala Coral Interactive as “Operator of the Year” at the 2015 EGR Operator Awards. Hosted at the Artillery Garden at the HAC London with a reported 600 industry professionals in attendance, Gala Coral took home the award night’s top honour. The operator would also be awarded prizes for ‘Best Bingo Operator’ and ‘Mobile Bingo …

Despite Dermot Desmond’s last ditch attempt to derail its £2.2 billion merger with Gala Coral, Ladbrokes shareholders are reported to have voted in favour of the deal this morning. London business news sources report that 90% of Ladbrokes Plc investors backed the merger, despite hearing Desmond’s arguments against its progression. Furthermore Ladbrokes governance rejected Desmond’s appeal for a second merger …

As the European gambling industry consolidates creating sector giants. Scott Longley takes a look at the debt crisis that has engulfed Caesars Entertainment.   If anyone doubts that we are still living with the after effects of the 2008 financial crisis, they need look no further than the travails of one of the more high-profile corporate victims of the appropriately-termed …

Having launched a scathing attack on Ladbrokes £2.2 billion planned merger with Gala Coral, which saw the publication of saynotocoral.com, Irish financier Dermot Desmond is set to further argue his concerns regarding the merger at a Ladbrokes investor meeting to be held this Tuesday in London. Desmond, who holds a 2.8% company stake, and his public attack against the merger highlighted …

Bookmaker William Hill is celebrating the success of its newly launched ‘Priority Access Card’ in partnership with Mastercard (fully launched in September). The card which gives its customers direct access to their online funds, has won the 2015 FStech “Best PrePaid Card Solution” award, beating stiff competition from UK high street financial enterprises. William Hill governance stated that “the fact …

Issuing an interim management statement for the period 1 July to 15 November, Paddy Power stated that trading was in-line with corporate expectations. Following a strong H1 2015 opening, the operator noted that sports results during the period were unfavourable, an impact seen throughout the betting industry. Paddy Power maintained a 9% group net revenue increase, supported by a 23 …

Australia’s biggest gambling operators Tatts Group and Tabcorp have failed to agree terms on a merger which would create a + $9 billion enterprise. This weekend national news sources reported that a conformation of the merger talks between the two parties was imminent, but almost immediately the deal was dead in the water. The planned merger would have seen the …