Retail

Glynn receives Ladbrokes shareholder backing

Ladbrokes annual general meeting  saw company shareholders show their support for CEO Richard Glynn, despite the continued struggling performance of the gambling operator. The meeting saw just 68.55% of available voting rights used, nevertheless 99.9% of the votes counted were in favour of Glynn remaining at the helm of Ladbrokes. Glynn had stated that the operator had undertaken the first …

Read More »

INTRALOT boss recognised by Greek business

INTRALOT Group CEO Constantinos Antonopoulos has been announced ‘Manager of the Year 2013’ at a special ceremony in Athens, in the presence of politicians, prominent public figures, and members of the business community. “Manager of the Year” is an institution that was founded in 2002 by the Hellenic Management Association, in order to honour managers whose vision and outstanding performance …

Read More »

Betting on Football: the Vegas experience

Exclusively for today’s Betting on Football Conference, Don Best‘s Todd Fuhrman interviews Jay Kornegay, VP of Race & Sports Operations at The LVH, about the role football plays in Las Vegas sportsbooks. Don Best Sports, with offices in Las Vegas, United States and Vancouver, Canada, is the leading provider of US sports information to the sports betting industry. Don Best …

Read More »

BOF Blog – How can you make a betting shop more football friendly and football stadia more betting friendly

Ian Wright Managing Director of Rufus Retail Anthropolgy, is a designer with 30 years experience in creating retail commerce stores. Wright has helped redesign many retail bookmakers, with an emphasis on optimizing in-store experiences and improving customer sales. Wright discusses how retail operators can improve customer experience and  how they should look to integrate new technologies within their in-store designs. …

Read More »

Tabcorp CEO criticises online bookmakers

David Attenborough, CEO of TABCORP, has openly slammed online-only bookmakers in Australia over the relatively low rates of tax they pay, the minimal contributions they return to the racing industry, and their reliance on extending credit to their customers. Tabcorp is the major operator of retail TABs in New South Wales (NSW) and Victoria in Australia, and in these locations, …

Read More »

Adelman steps down from Ladbrokes General Counsel

Ladbrokes PLC have confirmed that General Counsel and Company Secretary Jonathan Adelman has stepped down with immediate effect. Adelman first joined the bookmaker in August 2008 after a spell as vice-president and senior counsel of hotel and resorts chain Hilton. Adelman has operated a as key figure in the Ladbrokes organisation, helping the operator helping the operator in UK and …

Read More »

UK hedge funds take short positions on bookmaker performance

UK hedge funds – Odey Asset Management, Bluecrest and Marshall Wace are reported to have taken substantial short positions against the future performance of UK licensed bookmakers. The hedge funds have taken the short positions as the UK government plans further regulation and legislation on betting operators online and offline operations. Short selling is a trading technique used by hedge …

Read More »

Kentucky Derby on Racing UK

Racing UK will televise America’s most prestigious race, the 2014 Kentucky Derby, in an exclusive programme aired on Saturday night. The Churchill Downs meeting will feature bookies’ favourite, California Chrome, and is due off at approximately 11.24pm. The specialist UK and Irish horseracing channel will incorporate the award-winning NBC coverage from the course, with Angus McNae and James Willoughby on-hand …

Read More »

Codere secures extension to restructure debt holdings.

Embattled Spanish listed gambling operator Codere SA, has been granted an extension to negotiate its €1.1 billion debt (£935 million). Codere pleaded to Spanish government courts that the operator needed more time in order to restructure its debt bonds in order to avoid creditor insolvency. Codere SA have been granted a ten day extension to prove its debt strategy  by …

Read More »

Paddy Power’s Andy McCue hits out at planning restrictions

UK bookmakers have reacted to yesterday’s government announcement which let local authorities limit the number of betting shops on Britain’s high streets. Betting shops will now be treated differently to other UK retailers, as betting shop planning applications will be subject to far more scrutiny by local authorities. Industry reaction to the announcement has garnered a mixed response by UK …

Read More »