Tag Archives: Ladbrokes Coral

March to April 2020 in Review: Betting tackles its Covid trauma

March to April 2020 in Review: Betting tackles its Covid trauma

SBC recounts the traumatic months of March and April 2020, as the deadly coronavirus spread across Europe, leading to nationwide lockdowns and the cancellation of sports fixtures across the world. SBC – COVID-19 shocks signal that 2020 will be no ordinary year… As COVID-19 triggered what has been described as an ‘unprecedented’ situation, the betting industry was forced to enact …

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William Hill secures highest industry rank on Financial Times ‘Diversity Index’

SBC News William Hill secures highest industry rank on Financial Times 'Diversity Index'

William Hill Plc is the highest-ranked gambling firm to feature in the Financial Times annual ‘Diversity Leaders Index’, which tracks the progress of corporate inclusivity directives amongst Europe’s biggest corporations. Composed by research partner Statista, the FT’s index measures employee perception of companies’ inclusiveness and effectiveness in tackling complex issues in improving corporate diversity with regards gender balance, openness to …

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GVC absorbs retail shocks as business recalibrates for critical H2 trading

SBC News GVC absorbs retail shocks as business recalibrates for critical H2 trading

GVC Holdings stated that it is ‘well placed to balance the year’, as the FTSE100 company absorbed significant retail shocks across its UK and European units, readjusting its full-year EBITDA outlook to £720m-£740m range (dependent on further COVID-19 outcomes). Publishing its interim results for the six month period ended 30 June 2020, GVC noted that the closure of its Ladbrokes …

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GVC ‘surprised’ at widening of HMRC’s Turkey investigation

SBC News GVC ‘surprised’ at widening of HMRC’s Turkey investigation

GVC Holdings has confirmed that the HM Revenue & Customs (HMRC) has expanded its investigation into the company’s former online subsidiary in Turkey. The investigation, which began on 28 November 2019, was launched in relation to former third party suppliers, which the operator understood to be related ‘to the processing of payments for online gambling in Turkey’. In 2017, GVC …

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Revenues down 11% but product depth helps GVC through lockdown

SBC News Revenues down 11% but product depth helps GVC through lockdown

Further to announcing its leadership change this morning, GVC Holdings has published a H1 post-close trading statement informing investors of the firm’s performance under challenging global conditions.  Navigating COVID-19 complexities, GVC underlined that the company was robust and decisive in implementing cost management actions to ensure that the group achieved its objective of operating at a cash neutral position during …

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GVC marks a ‘new era’ as Segev replaces Alexander as CEO 

SBC News GVC marks a ‘new era’ as Segev replaces Alexander as CEO 

Kenny Alexander is to step down as CEO of GVC Holdings after 13 years with COO Shay Segev taking control of the FTSE-100 operator almost immediately. Alexander will remain at GVC in the short term as a company executive to support the leadership transition. Confirming the leadership change, Chairman Barry Gibson said: “Kenny has built a remarkable global business, and has …

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BGC: Charities win big as bookies take beating in Britannia Stakes

SBC News BGC: Charities win big as bookies take beating in Britannia Stakes

UK Bookies have raised £250,000 for Cancer and Covid-19 charities after taking a beating on Thursday’s Britannia Stakes race at Royal Ascot. Earlier this week, Betting and Gaming Council (BGC) members vowed to donate all profits, after levy and duties were deducted, from win and each-way bets made on the race to charity. Participating bookmakers included Paddy Power Betfair, bet365, …

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GVC doubles down on LeanConvert’s optimisation capacity

SBC News GVC doubles down on LeanConvert's optimisation capacity

GVC Holdings has confirmed that it will expand its existing relationship with customer conversion and campaign optimisation specialist LeanConvert. The FTSE250 online gambling group has worked with LeanConvert teams for the past two years, with the optimisation outfit becoming a key stakeholder in the firm’s strategic alignment of its marketing divisions, post-GVC 2018 acquisition of Ladbrokes Coral. LeanConvert will work …

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SBC Digital Summit: SEO trends and the importance of preparation

SBC News SBC Digital Summit: SEO trends and the importance of preparation

On the final day of SBC’s Digital Summit, a panel of Search Engine Optimisation (SEO) experts analysed why SEO is integral to driving new and existing customers on to a user webpage.  Lee Beirne, Ladbrokes Coral’s Head of SEO, highlighted the importance of following some of the latest trends which relate to the betting industry. Beirne explained: “What we have …

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GVC costs £150m in potential COVID-19 group impacts

SBC News GVC costs £150m in potential COVID-19 group impacts

GVC Holdings Plc has followed industry precedent by issuing a corporate update on  COVID-19 impacts, following the subsequent cancellation/postponement of major sporting events.   For the period of 1 January to 23 February 2020, GVC has underlined that trading for the year-to-date has remained strong, with group NGR at +5%, reporting a 16% increase in online gambling benefiting from strong sports …

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