Tag Archives: jim mullen

Jim Mullen – Proven Theory! Ladbrokes Coral is now delivering for investors

SBC News Jim Mullen – Proven Theory! Ladbrokes Coral is now delivering for investors

Speaking to Ladbrokes Coral Plc investors on H1 2017 performance, group CEO Jim Mullen has detailed that the FTSE gambling firm is ‘now delivering on its pre-merger promises’. Presenting H1 2017 results, which saw Ladbrokes Coral declare group operating profits of £51 million, Mullen stated that the enlarged operator’s ambitions and scalability were ‘no longer theoretical’. Throughout his tenure as …

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‘Strong Progress’…Ladbrokes Coral H1 2017 results bolstered by digital betting boost

SBC News 'Strong Progress'...Ladbrokes Coral H1 2017 results bolstered by digital betting boost

Reporting its 2017 H1 results (period ending 30 June), FTSE-listed Ladbrokes Coral Plc has declared that the integration process between the two operators, ‘has continued at pace’ and enabled ‘significant improvements in operational efficiency.’ Reaping the benefits of a hike in digital betting, Ladbrokes Coral reported digital net revenue of £374.5 million, a 17% rise on the results of a tough 2016 comparable …

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Ladbrokes Coral commits to pay voluntary off shore greyhound levy

SBC News Ladbrokes Coral commits to pay voluntary off shore greyhound levy

Issuing a corporate update, Ladbrokes Coral Plc has today informed that it will be paying a ‘voluntary levy to greyhound racing based on off shore greyhound turnover from the start of 2018.’ The FTSE firm states that its commitment to the greyhound levy will be ‘unconditionally’, making its payments through the British Greyhound Racing Fund or the body advised by …

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Ladbrokes extends title sponsorship of Rugby League’s ‘Challenge Cup’

SBC News Ladbrokes extends title sponsorship of Rugby League's 'Challenge Cup'

Updating the market, Ladbrokes has informed that it will continue to work with the Rugby Football League as title sponsor of its Challenge Cup, English Rugby League’s legacy knockout competition. Ladbrokes marketing has signed a one-year extension, which will see the competition continue to be branded as the ‘Ladbrokes Challenge Cup’. The sponsorship extension is signed on the week of …

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Ladbrokes Coral appoints Jason Scott as Ladbrokes Australia CEO

SBC News Ladbrokes Coral appoints Jason Scott as Ladbrokes Australia CEO

Ladbrokes Coral Plc has confirmed that Jason Scott will serve as its CEO of Ladbrokes Australia, following a ‘successful time in charge’ as the division’s interim leader. Last February, Scott was appointed interim CEO of Ladbrokes Australia, following the departure of Dean Shannon. Prior to the interim appointment, Scott had served as the division’s Trading Director. A key stakeholder in …

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Digitally strong Ladbrokes Coral confident of 2017 targets

Issuing a trading update, the governance FTSE-listed bookmaker Ladbrokes-Coral has detailed that it is ‘on target’ to hit its full-year corporate targets and expectations following a positive H1 2017 opening driven by strong digital gains. Updating investors, Ladbrokes Coral governance details that it expects Total Group net revenue to be 1% ahead of last year (cc -1%), with total group …

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Ladbrokes Coral and The Racing Partnership end commercial stand off

SBC News Ladbrokes Coral and The Racing Partnership end commercial stand off

Following a commercial standoff, Ladbrokes Coral PLC (Ladbrokes Coral) and The Racing Partnership (TRP) have announced that a media rights deal has been agreed.  The deal will take effect immediately, ensuring Ladbrokes Coral’s 3,820 betting shops in the UK and Ireland will show racing from 15 Arena Racing Company (ARC) owned racecourses and seven independent racecourses. The deal will also …

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Ladbrokes seeks to extend key SPFL sponsorship

SBC News Ladbrokes seeks to extend key SPFL sponsorship

FTSE-listed Ladbrokes Coral has informed that it will extend Ladbrokes title sponsorship of all Scottish professional football divisions, by agreeing on further terms with the Scottish Professional Football League (SPFL). Ladbrokes has acted as SPFL lead sponsor since 2015. The bookmaker detailed that it wanted to extend its existing £2 million a year sponsorship agreement with SPFL for the upcoming 2017/18 …

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Ladbrokes veteran Lee Drabwell departs as retail operations lead

SBC News Ladbrokes veteran Lee Drabwell departs as retail operations lead

Ladbrokes Coral governance has confirmed the departure of veteran employee Lee Drabwell as Retail Operations Director. Drabwell has served Ladbrokes operations for 29-years, taking on numerous executive positions within the bookmaker’s retail betting division. Moving forward Ladbrokes Coral retail operations will be led by Andy Hicks former retail betting lead for Gala Coral Group. The enlarged bookmaker informed stakeholders that …

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Industry awaits ‘game changing’ DCMS industry FOBTs report

SBC News Industry awaits 'game changing' DCMS industry FOBTs report

UK industry stakeholders are bracing themselves for this April’s industry review of fixed-odds-betting-terminals (FOBTs) and advertising standards by the UK Department for Culture, Media and Sport (DCMS). The DCMS industry publication could become an industry ‘game changer’ should the government move to reduce maximum stakes on FOBTs from £100 to a £2 limit, triggering the industry’s worst scenario. Focusing on improving …

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