SBC News Voice of the Sports Betting Industry
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 steps to recovery by signing an igaming full provision contract with Playtech IMS. The integration of new product inventory would be in place by the beginning of the 2014 FIFA World Cup.
Ladbrokes had started 2014 with a fifth consecutive quarter showing no growth in its operations. Glynn whose corporate strategy focused on digital and mobile growth, had seen the revenues drop 18% for its igaming products.
Ladbrokes shareholders voted in favour of Glynn remaining in charge as CEO, as the company looks to turn around its digital division and incorporate a new igaming strategy. The general meeting saw all other directors on the Ladbrokes board voted and the announcement of Arriva Chief Executive David Martin as a non-executive director.
Other passed resolutions saw the appointment of new financial auditors PriceWaterhouseCoopers and the confirmation of final dividend to be awarded.
