Tag Archives: jim mullen

Jim Mullen returns to business by taking on Reach publishing

Following a one-year sabbatical, former Ladbrokes Coral CEO Jim Mullen has returned to the UK business scene by taking over London-listed news and publishing group Reach Plc. Closing Monday trading, Reach governance confirmed that Mullen would replace outgoing leader Simon Fox who ends his CEO tenure on 16 August. Reach is one of the UK’s largest publishing group’s servicing more than …

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RMG secures £110m in media & data rights payments in 2018

Racecourse Media Group (RMG), the media rights manager and distributor for 37 UK/IRE racetracks has generated 2108 media-data rights payments of £109.7 million. The figure represents an 18% increase on 2017 results, with RMG governance confident of future prospects having absorbed the content of all 26 Irish racecourses plus Chelmsford City in 2019, and rebranding Racing UK to Racing TV. …

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Racecourse Media Group strengthens Director Board with three appointments

UK Racing media rights holding firm Racecourse Media Group (RMG) has strengthened its directorial board through appointing Jim Mullen and Britt Boeskov as independent non-executive directors. The new appointments come as a bid to facilitate further understanding of the regulatory challenges that face the gaming industry in 2019, with hopes that Mullen and Boeskov will help provide strategic advice at …

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Ladbrokes – Social Responsibility will drive new Scottish Football sponsorship

Ladbrokes marketing has vowed to place social responsibility at the forefront of its renewed Scottish Professional Football League (SPFL) sponsorship. The bookmaker has been the title sponsor of the SPFL since 2015, and yesterday confirmed that it had renewed the partnership for a further two seasons of Scottish football, in a deal reported to worth £5 million. As lead SPFL …

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Ladbrokes chief warns of £2 FOBT ramifications

Ladbrokes Coral Chief Executive Jim Mullen has emphasised that cutting the stakes of fixed odds betting terminals (FOBTs) will not only have negative economic implications, but will also “fail to adequately address any issue of problem gambling”. Mullen was responding to a report in the Sunday Times, which claimed newly appointed culture secretary Matt Hancock is in favour of delivering a …

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DCMS to deliver UK bookmakers £2 FOBT nightmare scenario

UK news sources have this weekend reported, that highstreet bookmakers are likely to face their ‘nightmare scenario’ as the government will move to impose a £2 limit on FOBTs wagering levels. On Tuesday, the Department of Digital, Culture, Media and Sport (DCMS) will finish its 12-week consultation period relating to the government’s pending triennial industry review, focusing on FOBTS wagering …

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Are we reaching the endgame for the Ladbrokes Life?

Ladbrokes

Is the storied Ladbrokes brand approaching the end of its usefulness, being eaten from within by the now stronger Coral? Scott Longley speculates…. ________________ Ladbrokes Coral was understandably keen to accentuate the positives from this week’s third-quarter trading statement saying it represented “another positive period” for the group as a whole and adding that the digital performance was “strong.” This …

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Ladbrokes Coral digital recovery offsets UK retail declines

Publishing its Q3 trading update (period ending 29 October), FTSE-listed sports betting group Ladbrokes Coral Plc continues to record a strong digital momentum, offsetting the year decline of its UK retail betting division. Closing in on its first full-year of post-merger operations, Ladbrokes Coral reports improved Q3 group net revenues of 3%, primarily driven by a 12% net revenue uplift …

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Ladbrokes Coral reviewing ‘all options’ ahead of October industry judgement

Ladbrokes Coral Plc is reported to be reviewing all corporate options, as it prepares for this October’s much anticipated UK government triennial review of industry FOBTs wagering and advertising standards. This Weekend, The Sunday Times reported that Ladbrokes Coral governance has hired Deutsche Bank, Greenhill, and UBS as corporate advisors on ‘consolidation matters’ in preparation for the government’s decision. Industry executives …

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Jim Mullen – Industry is now in ‘burn the witch territory’

In an interview in the Racing Post, Ladbrokes Coral CEO Jim Mullen has again addressed concerns regarding this October’s industry review by the UK government of FOBTs wagering levels and advertising standards. As leader of the UK’s biggest retail bookmaker, Mullen admits to the Racing Post, that he has “probably invested far too much thinking time” on the outcome of …

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