Tag Archives: coral

ABB anticipates further shop closures during 2019

The impact of stake reductions on Fixed Odds Betting Terminals (FOBTs) is continuing to have a ‘profound impact’ upon UK bookmakers as the Association of British Bookmakers (ABB) anticipates further shop closures by the end of the year. The statement comes after retailers and unions have urged the government to take action over the rate of shop closures on UK …

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Ascot in talks over three-year extension to ITV partnership

The current agreement between ITV and Ascot Racecourse has been brought into the spotlight after it has been reported that the broadcaster has asked Ascot to come to a decision over whether it will agree to a three-year partnership extension.  Reported by the Racing Post, the partnership between the two has been highlighted by bookmakers, punters and sponsors, who have …

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GVC shows global depth countering UK retail realities

FTSE100 GVC Holdings Plc has this morning published its ‘post-close’ interim H1 2019 trading update, citing strong online growth as the company continues to adjust to UK FOBTs retail realities. Despite competing against a tough comparative period featuring World Cup 2018 trading, GVC maintained its digital momentum to record a group H1 2019 NGR of +17%, helping the firm to period …

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Bookmakers set to cash in on ‘one of the best weekends of sport’

There is set to be a spike in wagered stakes across the betting industry, as a quartet of major sporting events hit UK screens on the weekend.  With the Wimbledon finals, Cricket World Cup Final, Newmarket Festival and Formula 1’s British Grand Prix (GP) all underway between Saturday and Sunday, bookmakers are estimating betting stakes to reach around £100m. Harry …

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Bookies survive Dettori’s Ascot heroics

Frankie Dettori enjoyed yet another successful day at the Royal Ascot festival yesterday, guiding Stradivarius to a second successive Gold Cup victory, while also winning the first four races on Ladies’ Day, leaving bookmakers to breathe a slight sigh of relief. Following the four successive wins yesterday, it has been reported that the jockey was close to costing betting operators …

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GVC to meet shareholders to discuss executives pay plan

Ladbrokes

GVC has agreed to speak with shareholders over remuneration packages for its senior team after one of the biggest investor rebellions of 2019 so far. At the company’s annual general meeting (AGM) this week, 42 per cent of investor votes were against pay plans for its leading executives, including CEO Kenny Alexander. The pay plans were therefore passed with 58 …

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Coral continues with ‘Sports Rodstein’ as lead advertising campaign

Coral (GVC Holdings) will continue to use Sports Rodstein as its lead UK advertising campaign, as the bookmaker launches two new TV adverts this weekend. Launched in May last year ahead of the FIFA World Cup, Sports Rodstein was the first campaign developed by Alpha Century as Coral’s new creative marketing agency. The campaign sees Hollywood actor and comedian Danny McBride reprise the …

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GVC Holdings confirms Triennial & Technology savings

FTSE100 gambling group GVC Holdings Plc will today host its Capital Markets Day, with corporate leadership outlining the firm’s ‘foundations for long-term market outperformance’. Presenting the firm’s strategic objectives and future prospects, GVC governance details progress on the firm’s enlarged agenda, a year following its transformative acquisition of Ladbrokes Coral. Citing an ‘accelerated migration’ of Ladbrokes Coral online brands onto …

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SIS may appeal High Court judgement on ARC data rights

Grosvenor Sport

The High Court case around data rights between the two main horseracing broadcasters to the betting industry has come to an end, with  Sports Information Services (SIS) being found guilty of breaching the confidentiality of Arena Racing Company’s Raceday Data, but not on the more serious charges of conspiracy by unlawful means or copyright infringement of database rights. SIS said it may …

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Andy Hornby steps down from GVC to join The Restaurant Group

Co-chief operating officer of GVC Holdings, Andy Hornby, is to step down from his position at the gambling giant to join The Restaurant Group as its new CEO. Hornby will be replacing the outgoing CEO, Andy McCue, at the Restaurant Group once an official transition date has been confirmed. Originally joining Gala Coral in 2011, Hornby has previously held positions …

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