Seeking to boost its coverage within Irish sports, Ladbrokes has announced that it has entered a betting partnership with the Football Association of Ireland (FAI). The FTSE-listed operator has secured a two-year deal with the FAI, becoming its ‘Official Betting Partner’. Entering the partnership, the Ladbrokes brand will receive premium exposure at all Republic of Ireland international soccer matches and …
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Following a month long review of Ladbrokes rescue plan for its embattled Irish retail betting division, Ireland’s High Court has granted approval to the operators rescue plan, ending the examinership proceedings entered by Ladbrokes Ireland in April 2015. Ladbrokes will be allowed to close 52 of its 196 Irish retail stores, the operator is set to keep 700 staff members …
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The Irish High Court has granted Ladbrokes permission to close its leases on five premises in advance of its examinership rescue plan, which was submitted by the operator at the end of June The repudiation of leases will see betting shops in Kilmacud Road, Ballygall Road and Finglas Town Centre (Dublin) John Street (Waterford) and Middleton (Cork) closed. The Irish …
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Following its month long review under the Irish High Court, it appears that Ladbrokes Plc rescue plan for its Ladbrokes Ireland division has trumped Boylesports €25 million bid. On Tuesday Ken Fennell (Deloitte), the examiner appointed by the High Court to review the bid process, informed Ladbrokes Ireland creditors and other stakeholders that the examinership review favoured the plans put …
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Continuing its operational and executive restructure under new CEO Jim Mullen, Ladbrokes plc has announced that following a review of the costs and efficiency of its international team it intends to restructure its International operations. Following the restructure Damian Cope, MD – International will leave the business and nine roles in the centrally based International team will be placed at …
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Following its review of Ladbrokes Ireland’s examinership, Irish independent bookmaker Boylesports confirmed that it would prepare a €25 million bid to take over the troubled retail betting division. A Boylesports spokesman confirmed the pending bid to newspaper the Irish Independent, despite the operator losing its legal challenge to gain sensitive insight regarding Ladbrokes Ireland’s performance. It is believed that Boylesports …
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Following last week’s granted review of Ladbrokes Ireland examinership by bookmaker Boylesports, Irish business news sources have reported that Manchester independent bookmaker Betfred is studying a potential rival bid for the troubled retail betting division. The Irish Times had revealed Betfred as the third bidder in the ongoing examinership, however the newspaper has questioned whether Betfred governance will place a firm …
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