Tag Archives: FTSE

Playtech offloads entire Plus500 shareholding

FTSE250 industry technology group Playtech Plc has confirmed this morning that it will sell its entire holding of ordinary shares in CFD trading platform Plus500. Updating investors, Playtech governance has sanctioned the sale of 11.4 million shares in Plus500, targeting a sale price of ‘1,550 pence per ordinary share’ – £176 million (€196m/$228m). Playtech’s current holding represents approximately 10% of Plus500’s issued …

Read More »

Nigel Eccles sues Paddy Power Betfair for ‘purposely undervaluing’ FanDuel

US Tech news source Recode has reported that FanDuel enterprise co-founder Nigel Eccles (former CEO) is preparing to take Paddy Power Betfair (PPB) to court, regarding its $465 million takeover of FanDuel completed in July 2018. Eccles representatives have filed a Scottish court order against PPB, representing four of FanDuel’s enterprise co-founders; Nigel Eccles, wife Lesley Eccles (former CMO), Tom …

Read More »

Paddy Power Betfair positive on performance despite facing new international realities

FTSE100 betting group Paddy Power Betfair Plc (PPB) has readjusted its full-year 2018 underlying EBITDA to be between £460 – 480 million range, detailing that its momentum will be impacted by the introduction of ‘new taxes in Australia and costs incurred by its acquisition of US fantasy sports operator FanDuel’. Despite the cost adjustments, PPB governance declares positive interim H1 …

Read More »

William Hill appoints ‘Media Pro’ Sharon Otterman as US marketing lead

FTSE-listed betting group William Hill Plc has confirmed the appointment of Sharon Otterman as Chief Marketing Officer (CMO) of its US division. A seasoned media executive, Otterman joins William Hill US senior leadership team from The Madison Square Garden Company, where she held the position of Executive Vice President for Marketing, leading the digital strategies of MSG venues and their …

Read More »

Phillip Bowcock: William Hill points towards a ‘new direction’ on problem gambling

Further to presenting William Hill’s new corporate objective ‘Nobody Harmed by Gambling’, Group Chief Executive Phillip Bowcock has penned an open letter to investors and sector stakeholders detailing William Hill’s enhanced initiatives on social responsibility and sector sustainability. Bowcock outlines that the industry must undertake a new approach in combating gambling harm in order to regain public trust… ______ “We …

Read More »

‘Nobody Harmed by Gambling’… William Hill outlines biggest industry commitment to eradicating problem gambling

FTSE bookmaker William Hill has set out its new corporate objective ‘Nobody Harmed by Gambling’ seeking to ‘eradicate problem gambling within the UK’. The bold objective sees William Hill place social responsibility and corporate sustainability at the forefront of its day-to-day operations. Presenting the initiative, William Hill governance has published an ‘immediate action plan’ detailing its new corporate sustainability strategy, …

Read More »

Tough Asia backdrop sees Playtech issue new profit warning

FTSE250 gambling technology group Playtech Plc has today issued a corporate profit warning, detailing continued Asian market woes. Issuing its second Asia related profit warning over the past year, Playtech governance details a continued slowdown of its Asian market operations and services. “As previously reported, average daily revenue in Asia continues to be impacted by an increasingly competitive backdrop. Towards the end …

Read More »

GVC appoints ‘US-Pro’ Virginia McDowell as new corporate advisor

FTSE-listed gambling group GVC Holdings has confirmed the appointment of Virginia McDowell as an independent non-executive director with immediate effect. A 35-year industry veteran, McDowell will advise GVC governance and leadership on US market growth strategies, stakeholder management, resource planning and execution. McDowell was the former President and CEO of Isle of Capri Casinos, from 2011 until her retirement in …

Read More »

Ladbrokes Coral appoints Noel Hamill as Group Marketing lead

UK marketing news source The Drum has reported that FTSE100 bookmaker Ladbrokes Coral Plc has appointed Noel Hamill as new Group Chief Marketing Officer (CMO). Hamill joins Ladbrokes Coral’s leadership team from UK mobile telecoms operator EE, where he most recently served as Managing Director of Marketing (2016-2018). Taking over CMO responsibilities, Hamill will be tasked with leading group marketing …

Read More »

High Court approval of GVC terms signals closing time on Ladbrokes Coral Plc

The High Court of England & Wales has sanctioned the outright takeover of Ladbrokes Coral Plc by GVC Holdings, clearing the deals ‘recommended offer’ for investors. GVC governance clears another final hurdle towards securing its industry-changing takeover of Ladbrokes Coral, which this March received both its investor and UK Competition & Markets (CMA) approval. Updating stakeholders, GVC details that its …

Read More »