Issuing a market update, Ladbrokes Coral governance has detailed that it will move to publish a ‘scheme document’ detailing full information on GVC Holdings £4 billion takeover deal (first announced 7 December). The document which aims to be published by early/mid-February will further inform stakeholders on the deals legal proceedings (Court Meeting) and notices convening at Ladbrokes Coral General Meeting. …
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Football DataCo has announced that is has signed a duo of operators to long term data usage license agreements.. Ladbrokes Coral and Kindred Group join a growing list of licensed betting operators, which includes bet365, Betfred, GVC, Paddy Power Betfair, Skybet and William Hill. Through these new long term agreements, operators will be utilising match day data for the entire …
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Ladbrokes has opted to extend its sponsorship of the Scottish Professional Football League (SPFL) to 2020, giving the Scottish football divisions a welcome cash boost. The deal is believed to be worth £5 million, with the betting brand also agreeing to up its investment in the leagues. The original deal, signed in 2015, was the most lucrative in Scottish football …
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FTSE online gambling group GVC Holdings has this morning informed investors that it expects its full-year corporate earnings to be at the top end of management expectations having finished 2017 trading strongly. Issuing its Q4 2017 trading update (period ending 31 December), GVC reports daily group net gaming revenues of €2.2 million up 24% on corresponding Q4 2016 daily NGR …
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Following an independent review, The UK Advertising Standards Authority (ASA) has upheld its decision that Coral must cease using its advert that features stylistic clips of footballers performing against the background of a dramatic soundtrack. In response to the two complaints that were received, Coral expressed that it did not believe the ad was harmful or irresponsible in any way. Adding, …
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The latest statistics from the UK Gambling Commission released at the end of last year contained with them some figures for betting shop closures that might yet be a sign of things to come for UK bookmakers. The total number of shops as of the end of September 2017 stood at 8,502, down 304 from March this year and 412 …
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FTSE online gambling group GVC Holdings has today detailed its proposed bid for bookmaker Ladbrokes Coral Plc, putting forward a takeover deal that could be worth up to £4 billion, creating a new multi-channel, multi-market gambling group. Bringing clarity to its initial bid (first announced 7 December), GVC’s proposition values Ladbrokes Coral at 160.9p per share, equating to approximately £3.2 billion. However, deal …
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Updating the market, FTSE online gambling group GVC Holdings has confirmed the complete disposal of Turkish business unit ‘Headlong Limited’ to Malta-based technology firm Ropso ltd. Last November, GVC governance announced that it would sell its Turkish enterprise and associated assets to Ropso for a total consideration of €150 million. Announcing the sale of Headlong, GVC leadership stated that the …
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FTSE gambling group Ladbrokes Coral Plc will put on hold its legal panel review, as the company and stakeholders await the outcome of GVC Holdings £3.9 billion takeover bid. The enlarged enterprise had scheduled to review its legal advisory set-up, following its first full year in operations (merger confirmed November 2016). Legal news source LegalWeek.com details that Ladbrokes Coral’s new …
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FTSE betting group Ladbrokes Coral has announced the launch of its ‘Football Bet Filter’, which has been released as a companion betting utility for its popular Coral Connect App. The new betting filter function has been created by Ladbrokes Coral development teams, and will allow football punters to build their own tailored accumulators based on personal filters and market preferences. Football …
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