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 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 »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 …
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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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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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Ralph Topping will remain in charge of Britain’s biggest bookmaker until the end of next year, the company said yesterday. The firm issued a statement clarifying its position on Topping’s replacement, after reports in the media suggested that it had accelerated its original plan (William Hill share price: Ralph Topping to retire sooner than expected). William Hill said in a …
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Ladbrokes have reacted to the prevailing concerns over problem gambling in betting shops by altering the pay structure of its executives to take social responsibility targets into account. With the campaign against bookmakers, and B2 gaming machines in particular, in full force since the turn of the year, Ladbrokes have taken the smart move to underline how important the firm …
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English Football League One’s Tranmere Rovers have suspended 61 year club manager Ronnie Moore over suspicions of breaching the English Football Associations rules regarding betting and gaming. The Football club issues a statement suspending the manager for the foreseeable future, as the FA will investigate the managers betting actions. Assistant manager John McMahon will oversee the management of the Tranmere …
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LBO broadcasters SIS have finalised their programme of customer events and already LBO owners are looking to attend. SIS are again planning a series of Forums to give customers an opportunity to meet key decision-makers within SIS, discuss issues and developments, and have their input into how the services work. SIS have also committed to supporting the Bookmakers Trade Fair, …
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Ladbrokes Plc, announced the halt of its planned retail bookmaker expansion on UK high streets. The gaming and sports betting operator, who had a troubled 2013, halted plans to open betting shops in the UK due to growing concerns regarding UK policy regarding Fixed Odds Betting Terminal (FOTBs). The move will see annual corporate expenditure fall from £100m to £60m, …
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