Tag Archives: Ladbrokes Coral

Ladbrokes loses legacy £71 million HMRC tax dispute

SBC News Ladbrokes loses legacy £71 million HMRC tax dispute

The UK Court of Appeal has rejected Ladbrokes Coral’s £71 million tax avoidance claim, siding with UK Revenue & Customs (HMRC) over the decade-long legal dispute. In October 2017, Ladbrokes Coral governance had taken its dispute to the Court of Appeal, having lost a three-year-long hearing at the UK Tribunal Court. The Ladbrokes legacy tax avoidance case relates to a …

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GVC’s proposed Ladbrokes Coral acquisition cleared by CMA

SBC News GVC’s proposed Ladbrokes Coral acquisition cleared by CMA

The Competition and Markets Authority (CMA) has announced that it has cleared the proposed GVC takeover of Ladbrokes Coral, following a merger investigation. Revealing the case is not to be referred for a more in-depth investigation, the CMA found that “the merger does not give rise to competition concerns.” Addressing arguments that the merge could create a “a substantial lessening …

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Injuries take their toll on fantasy managers

Copyright: cepn / 123RF Stock Photo

It proved to be a frustrating week for fantasy managers, with a smattering of injuries ensuring a vast majority of scores failed to live up to the lofty expectations of recent weeks. With Manchester City’s Sergio Aguero already out injured many turned to Harry Kane to captain and earn double points, but disappointment followed as the England striker limped out …

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GVC Holdings and Ladbrokes Coral – The story so far

SBC News GVC Holdings and Ladbrokes Coral - The story so far

After securing a near majority approval of its shareholders to proceed with the proposed acquisition of Ladbrokes Coral Plc, GVC Holdings has further receivgo-aheado ahead of its investor counterparts at the FTSE100 betting  group. The transaction is now set to be forwarded on to the United Kingdom’s High Court for final judgement (target date 23 March) It has, however, been …

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GVC Holdings hits top form as Ladbrokes Coral says Yes to takeover

shareholders

FTSE-listed online gambling group GVC Holdings has achieved growth across its verticals despite undertaking significant corporate adjustments in its takeover pursuit of Ladbrokes Coral Plc. Publishing its audited full-year 2017 results (period ending 31 December), GVC records a 17% increase in group net gaming revenues (NGR) of €925 million (FY2016: €794 million). For its 2017 trading, GVC highlights the continued …

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GVC secures investor approval of Ladbrokes Coral takeover terms

SBC News GVC secures investor approval of Ladbrokes Coral takeover terms

Issuing a market update, FTSE-listed online gambling group GVC Holdings has confirmed that it has secured the outright approval by the majority of its shareholders to acquire Ladbrokes Coral Plc. Holding an ‘extraordinary general meeting (EGM)’ this morning, the FTSE gambling firm’s investors have approved the takeover terms set out by GVC governance in its deal prospectus (published 9 February …

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Ladbrokes estate receives Playtech single account functionality

Diversified Entain rides out 2020 retail storms

Ladbrokes players throughout the UK are now able to use one account and one wallet across all online, mobile and retail products, following an integration of the Playtech single account omni-channel functionality across its entire retail estate. In line with the Playtech One strategy the newly unified sportsbook platform, encompassing Self Service Betting Terminals (SSBTs), is fully integrated with the …

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GVC Holdings secures £1.4 billion debt syndication for Ladbrokes Coral takeover

SBC News GVC Holdings secures £1.4 billion debt syndication for Ladbrokes Coral takeover

Issuing a market update, FTSE-listed online gambling group GVC Holdings has detailed that it has launched a ‘general syndication’ for its intended debt-financed takeover of Ladbrokes Coral Plc. Pursuing the larger FTSE100 Ladbrokes Coral enterprise, GVC governance has secured a syndicated ‘Lien Term B’ debt-bond valued at £1.4 billion (comprising £, € and US$ tranches). Furthermore, through the restructured debt …

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Ladbrokes Coral revises sponsorship agenda ahead of FOBTs judgement

SBC News Ladbrokes Coral revises sponsorship agenda ahead of FOBTs judgement

FTSE100 betting group Ladbrokes Coral Plc may seek to significantly reduce its £8 million sports sponsorship budget, should the UK government drastically reduce FOBTs wagering levels through its pending industry review judgement. Operating as the UK bookmaker with the most exposure to FOBTs revenues, Ladbrokes Coral governance eagerly awaits the government’s judgement on machine wagering reductions, which is anticipated to …

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Ladbrokes Coral researches Arcade strategy

SBC News Ladbrokes Coral researches Arcade strategy

Bookmaker Ladbrokes Coral may adapt its retail strategy, focusing on converting a number of its betting shops into Adult Gaming Centres (AGC), commonly referred to as arcades. At present, the FTSE betting group has the highest betting shop exposure, in relation to the government’s pending triennial review crackdown on FOBTs wagering levels and sector advertising standards. Should the government impose a …

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