Tag Archives: jim mullen

Ladbrokes promotes Paul Cherry to Australia Chief Executive

Ladbrokes Plc governance has announced that Paul Cherry will replace Dean Shannon as new Chief Executive Officer of Ladbrokes Australia. Cherry will take over leadership in February 2017, as Shannon steps down having served as CEO of Ladbrokes Australia since its inception in 2013. In its leadership announcement, Ladbrokes governance declared that Shannon would be maintained as a corporate advisor …

Read More »

Accelerated Growth sees Ladbrokes post H1 2016 profits of £25 million

Publishing its H1 2016 results (period ending 30 June), Ladbrokes Plc governance has stated that its ongoing corporate strategy has seen it deliver an ‘accelerated multi-channel’ growth on all core metrics. The FTSE-listed bookmaker would close H1 2016, recording group revenues of £661 million up +13% on corresponding H1 2015’s £585 million. The revenue uplift would see the operator post …

Read More »

Ladbrokes becomes official betting partner for the FA

The FA has announced a long-term agreement with Ladbrokes to become its new official betting partner. The deal, which will commence on August 1st 2016, will see the leading Ladbrokes’ relationship with The FA span the England team and The Emirates FA Cup. Under the terms of the agreement, Ladbrokes will benefit from premium brand exposure alongside England senior men’s …

Read More »

Jim Mullen – Ladbrokes stands to lose £1 million per England Euro 2016 win

Speaking to Bloomberg News Ladbrokes CEO Jim Mullen has detailed that his firm stands to lose £1 million per England win during Euro 2016 opening half (France June 10 – 10 July). Gearing up for a crucial period in bookmakers’ calendars, Mullen stated that England winning the Euro 2016 tournament would pose ‘the biggest single risk’ to Ladbrokes financial year …

Read More »

Ladbrokes shareholders’ vote against executive pay scheme

Ladbrokes leadership has been dealt a blow by shareholders regarding executive pay at its Annual General Meeting held on Thursday, where 42% of votes were cast against the operator’s remuneration report. The report detailed that Ladbrokes CEO Jim Mullen had been paid £567,000 for his first nine month’s leading the operator. Mullen’s predecessor Richard Glynn earned £730,000 in 2014, combined …

Read More »

Ladbrokes’ Mullen slams rivals for “race-to-the bottom offers” at Cheltenham 2016.

Updating investors and media on Ladbrokes Q1 2016 performance, CEO Jim Mullen fired shots at rivals for offering costly customer incentives at Cheltenham 2016. This year’s festival was deemed ‘the worst Cheltenham in living memory” as UK and Irish bookmakers lost millions to punters who made easy cash-ins on multiple winning favourites. Industry analysts have calculated the cost of Cheltenham …

Read More »

Ladbrokes sees Multi-Channel gains with strong 2016 opening

Issuing a Q1 2016 trading update (period ending 31 March), Ladbrokes Plc governance praised its ongoing strategic plan which it stated was garnering positive results and encouraging customer metrics. Ladbrokes detailed positive KPI metrics for both its retail and digital betting assets, despite suffering the “worst Cheltenham Festival in living memory”. The FTSE-listed operator under CEO Jim Mullen has implemented …

Read More »

Heavy Load! Ladbrokes posts £37 million in losses for 2015

Increased costs combined with the extra burden of betting taxes have seen Ladbrokes Plc post full-year 2015 (period ending 31 December 2015) group losses of £43 million, detailing a corporate decline from 2014’s profits of £37.7 million. Outlining 2015 impacts, Ladbrokes governance detailed that the company had paid circa £50 million in taxes due to increased duties on machine gaming …

Read More »

Ladbrokes Northern Ireland hit by £36 million loss

The Northern Ireland retail betting division of Ladbrokes Plc has posted losses of circa £36 million , just one year after it enjoyed strong profit.  Northwest Bookmakers, which is a subsidiary of Ladbrokes plc, saw its profits slump in the year to December 2014. The company, which trades as Ladbrokes, is the Northern Ireland’s largest bookmaker and holds around a quarter of all shop licences …

Read More »

Kristof Fahy joins Ladbrokes as CMO

Ladbrokes is pleased to announce that Kristof Fahy has today joined the company as Chief Marketing Officer, leading on all brand and marketing activity across the Ladbrokes’ Digital and Retail offer. Kristof Fahy said: “I’m delighted to arrive at Ladbrokes at such an exciting time for the company. Ladbrokes has an extremely strong brand and I’m looking forward to building upon that strength with our …

Read More »