The report from the gaming analysts at UBS which pulled the rug from under the share price of William Hill this week doesn’t pull its punches when it comes to the near-term future for the high-street bookmakers. The team at UBS suggest that retail operating profits could decrease by an average of 40 percent depending on what the upcoming Triennial …
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FTSE-listed Ladbrokes Coral Plc has confirmed the appointment of Annemarie Durbin as a Non-Executive Director to it business. Durbin a thirty-year banking and international business executive will advise the newly formed Ladbrokes Coral board as the newly merged company looks expand its services internationally. Durbin has prior governance advisory experience, as she currently serves as a non-executive director to WHSmith …
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A set of punter-friendly football results over the Christmas and New Year period will have hurt the bookies at a crucial period in their financial years, according to analysis from Cenkos. All the leading Premier League teams won on Boxing Day including Arsenal, Manchester United, Manchester City and Chelsea, the current league leaders. Liverpool subsequently won the following day and …
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Retail technology company Best Gaming Technology (BGT) has confirmed that it will supply 83 widescreen terminals to new Stan James betting shops. Euan McCormick, Stan James director, said: “We have recently completed the deployment of 30 widescreen Storm terminals into our estate. Following our acquisition of the Coral/Ladbrokes shops, it was clear that we would need to have an enhanced product …
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The City of London has registered speculation that newly merged Ladbrokes Coral Plc is a potential takeover target of FTSE rival GVC Holdings. Last Friday the Financial Times reported that Ladbrokes Coral shares had gained circa 5% value on the speculation that GVC governance were considering an ambitious reverse takeover of the betting giant valued at a reported £3.2 billion …
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Australian ASX analysts appear to be cool on the prospects of newly formed Ladbrokes Coral Plc acquiring Tabcorp Holdings for a reported + £2 billion offer. UK business news sources reported this weekend that Ladbrokes Coral governance had asked advisers to study a potential approach for ASX-100 Tabcorp. However, Australian business analysts have questioned the logic of Ladbrokes Coral’s approach …
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Less than a month after officially completing its £2.4 billion merger (announced 1 November), the governance of Ladbrokes Coral Plc is reported to be studying a potential £2 billion takeover of Australian gambling operator Tabcorp Holdings. Eager to expand its global footprint, Ladbrokes Coral are reported to have appointed advisers consulting the FTSE operator on its approach for the Australian …
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Following 18 months of negotiations, the merger of Ladbrokes and Coral has finally been completed, with the new enterprise officially adopting the corporate name of Ladbrokes Coral Plc. Issuing a short statement, Ladbrokes governance confirmed its official merger completion this morning: “Ladbrokes plc announces it has today changed its name to Ladbrokes Coral Group plc. The merger is expected …
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The merger of Ladbrokes and Coral has been granted final approval by the UK Competition & Markets Authority (“CMA”), closing the £2.27 billion deal which has taken 18 months to complete (first announced June 2015). Completing its final review of Ladbrokes-Coral merger process, the authority has approved the operators sale of 359 betting shops to Betfred (322 estates) and Stan …
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Irish independent bookmaker BoyleSports has publicly ‘communicated its concerns’ to the UK Competitions & Markets Authority (CMA) regarding the sale of 359 retail betting shops as part of the pending Ladbrokes-Coral merger. The bookmaker was disappointed to have had its larger bid turned down by Ladbrokes and Coral governance in favour of a lower combined £55.5 million cash bid by …
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