Retail

Paddy Power Chief Executive Officer Patrick Kennedy  is set to step down from his role in April 2015. Kennedy will have served Paddy Power as CEO for nine years, having been appointed to the position in January 2006. Commenting on his planned departure, Kennedy noted that ‘change is good, both for the company and the individual’. Kennedy further commented “ …

Spanish gambling operator Codere SA has been granted a 48 hour extension to solve its corporate debt restructure with creditors, as the operator looks to avoid entering bankruptcy protection. In a meeting between Codere bondholders and senior facility lenders, Codere had been granted a further 48 hours, to its existing May 10 insolvency deadline. Codere SA had been seeking new …

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 …

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 …

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. …

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 …

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 …