Tag Archives: Ladbrokes Coral

David Clifton: Licensing Expert – Death knell sounded for FOBTs?

On 31 October, Gambling Minister Tracey Crouch announced the launch of a 12-week consultation on proposals for changes to gaming machines and social responsibility measures that will run until 23 January 2018. The consultation covers Government proposals relating to: maximum stakes and prizes for all categories of gaming machines permitted under the Gambling Act 2005 (including a reduction in the maximum stakes …

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Are we reaching the endgame for the Ladbrokes Life?

Diversified Entain rides out 2020 retail storms

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 rejects the idea that trainers get preferential prices

Responding to the case that led to British trainer David Evans receiving a £3,000 fine from the British Horseracing Authority (BHA), Ladbrokes Coral has affirmed its consistency between prices offered to trainers and other customers. It comes after it was revealed that Evans placed a bet of £6,000 on his horse Black Dave at 4/1, whilst many bookmakers had the …

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Rule 4 debacle results in “very lenient” punishment for trainer Evans

Grosvenor Sport

The general consensus among racing fans and pundits is that trainer David Evans was right to describe his punishment from the British Horseracing Authority (BHA) as “very lenient.” The saga of events that landed Evans in trouble occurred on 9 January 2015, when the trainer had both Black Dave and Tango Sky scheduled to run in the same race, he …

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Güle güle – GVC sells all Turkish related assets focusing on ‘regulated market growth’

The board of GVC Holdings has today announced that it has sold its Turkish business unit ‘Headlong Limited’ (and associated subsidiaries) to Malta-based technology group Ropso Limited. The FTSE gambling group undertakes its disposal of Headlong assets for a total consideration of €150 million (£132 million). Updating the market, GVC governance expects to conclude its Turkish asset sale by the …

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Carl Leaver steps down from Ladbrokes Coral board

Following completion of his one year fixed term of appointment, Carl Leaver has stepped down as a Director of Ladbrokes Coral Group plc. In accordance with the Companies Act of 2006, Mr Leaver will receive his current salary, pension and benefits up until 31 October 2017 but will not receive any further fixed pay, notice pay or severance after this …

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Ladbrokes Coral withdraws paper price guarantee

Grosvenor Sport

Ladbrokes Coral has announced it will no longer offer guaranteed prices that appear in the paper for a brief time on the day of the race.   Previously, for a limited period both Ladbrokes and Coral offered the prices that had been printed in the paper at 8:30am. However, as operators continue to become further detached from paper prices, Ladbrokes …

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All change atop SBC’s League of Legends as Kane continues scoring spree

Copyright: photographerv8 / 123RF Stock Photo

SBC’s Charlie Cole has continued his recent good form in the League of Legends to displace longtime leader James Birch, and take his place at the summit. Harry Kane, who top scored with 16 points following a two goal and one assist man of the match display in the 4-1 thumping of Liverpool, was disappointingly overlooked in favour of Romelu …

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UK Court of Appeal to hear Ladbrokes Coral £70 million HMRC dispute

Bloomberg News has reported that FTSE-listed Ladbrokes Coral Plc is set to take its £70 million overturned UK Revenue & Customs (HMRC) ‘2008 tax avoidance’ dispute to the UK Court of Appeal (the UK’s second highest law court). The betting group targets a February date for the Court of Appeal to rehear its arguments against HMRC, who had charged Ladbrokes …

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Strange Days… New ‘M&A condition’ looking like a reality for UK betting players

2017’s industry agenda and context has been dominated by the UK government’s pending October triennial review of industry gaming machine stakes and advertising standards. Industry leadership and investors eagerly await the government’s judgement in what has become a high stakes political battle. Following 2015/2016’s mass industry consolidation, 2017 was initially marked as the ‘year of corporate integration and assimilation’, as …

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