Tag Archives: coral

GVC embraces its digital capacity amid a changing UK landscape

Completing its first year as FTSE100 enterprise, GVC Holdings reports that the betting group has demonstrated its global scale and market diversification capacities, delivering growth across all operating territories. The firm’s enlarged portfolio of nineteen brands, operating across multiple European jurisdictions records full-year 2018 group revenues of £2.9 billion (FY2017: £800m) – as GVC governance continues to explore further new …

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Coral pens historic sponsorship deal of RFL Challenge Cups

UK Bookmaker Coral have teamed up with The Rugby Football League as part of a “historic commercial partnership” that will see the bookmaker sponsoring both the men’s and women’s Challenge Cups for the first time. The two-year deal will bring the two competitions together on 27 July, when the Coral women’s Challenge Cup Final shares the stage with the men’s …

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Strengthened digital portfolio helps GVC deliver above ‘2018 consensus’

The Governance of FTSE100 GVC Holdings has this morning published its pre-close full-year 2018 trading statement, detailing that it anticipates delivering an FY EBITDA in the range of £750-755m – ‘ahead of current market consensus’. Completing a landmark year for its business, having merged and integrated the assets of Ladbrokes Coral, GVC governance points to strong growth across its enlarged …

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Ladbrokes Coral prepares for FOBT cuts with best-odds extension

In a move to counter the impact of cuts to Fixed Odds Betting Terminals (FOBTs) stakes, Ladbrokes and Coral have announced that they will be extending their best-odds guaranteed offer across all over-the-counter bets. Customers of both operators, which act as one under the umbrella of GVC Holdings, will be able to take advantage of the offer from 8 am …

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ASA clears Coral advertisement of being misleading

Copyright: gioiak2 / 123RF Stock Photo

A national press advert for Coral has been cleared by the Advertising Standards Authority, after being brought under question by The Campaign for Fairer Gambling. Featuring in the Racing Post during the World Cup last year, text within the ad stated “PRICE BOOST Argentina v Iceland MESSI TO SCORE 2+ GOALS 5/1,” with the wording “WAS 3/1” struck through before …

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Year in Review: The impact of FOBT regulations

It has proven to be a very tumultuous year for the retail betting sector, with 151 stores closing to the public between March and September. The big four – Ladbrokes Coral, William Hill, Betfred and Paddy Power – continued to dominate the retail scene, holding 87 per cent of betting shops in Great Britain. Generally, however, stores have been struggling …

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Ladbrokes strikes new partnership with PDC

Ladbrokes has been confirmed as the new title sponsor for multiple PDC tournaments including this weekend’s much anticipated Players Championship Finals. The newly formed deal means the operator becomes the primary sponsor of the Masters and UK Open from next year, capitalising on the opportunity presented with the Coral brand picking up the sponsorship of the UK Open. Barry Hearn …

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Rebel MPs seek to force Treasury’s hand over FOBTs

The Treasury’s decision to delay the implementation of a £2 maximum stake on fixed-odds-betting-terminals (FOBTs) until October has led to a revolt amongst Tory MPs. Defiance over the delay has mounted since Tracey Crouch resigned from the Department for Digital, Culture, Media & Sports (DCMS) in the immediate aftermath of Chancellor Philip Hammond’s controversial budget announcement. Whilst Theresa May places her …

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GVC Holdings confident of delivering its 2018 targets & objectives

Publishing its Q3 2018 trading update (period ending 30 September), FTSE100 betting group GVC Holdings details continued corporate growth and progress on its core strategic objectives. The enlarged FTSE firm continues its strong digital momentum, recording +28% period NGR increase, detailing growth across all its major operating territories. Boosted by the closing stages of World Cup Russia 2018, GVC sports …

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GVC Holdings commits to new responsibility action plan

As anticipated the governance of GVC Holdings, has this morning unveiled its new social responsibility corporate directive, seeking to reduce problem gambling harms, while further improving all-around industry standards. Presenting the firm’s new social responsibility and community mandate, Kenneth Alexander, GVC’s CEO, commented on the announcement: “As a leader in the industry, we fully recognise the need to ensure we …

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