Tag Archives: Ladbrokes Plc

XLMedia seeks new Chair to build on 2021 acquisitions strategy

XLMedia will initiate a recruitment process for a new Non-Executive Chairman, as Christopher Bell withdraws from the position to join ‘Nueva Codere‘, the business identity of Grupo Codere SA. During his nearly eight years as Chair of XLMedia, Bell oversaw the group’s IPO on the London AIM in 2014 as well as ‘a number of successful strategic acquisitions’ – the firm …

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Winner Group & Sportium merger sees CIRSA transform its Colombia vision 

Blackstone-owned Grupo CIRSA has reorganised its Colombian market presence, allowing its Winner Group CIRSA casino subsidiary to take control of the Sportium Colombia brand.  The move was sanctioned as CIRSA aims to support Winner Group’s ambitions to become ‘Colombia’s leading gambling operator for land-based and online gambling disciplines’. Established in 1997, CIRSA’s Winner Group subsidiary operates 72 gambling venues (arcades, …

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Ladbrokes confident of 2016 targets as ‘recreational strategy delivers’

The governance of FTSE-listed Ladbrokes Plc is confident of delivering on its full-year 2016 expectations following the operator posting a fourth successive quarter of group revenue growth. Presenting its Q3 2016 trading update (period ending 30 September) Ladbrokes governance expects to post a 12% group revenue uplift delivering a strong KPI metrics across its divisions. Of particular note, the operator …

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Accelerated Growth sees Ladbrokes post H1 2016 profits of £25 million

Publishing its H1 2016 results (period ending 30 June), Ladbrokes Plc governance has stated that its ongoing corporate strategy has seen it deliver an ‘accelerated multi-channel’ growth on all core metrics. The FTSE-listed bookmaker would close H1 2016, recording group revenues of £661 million up +13% on corresponding H1 2015’s £585 million. The revenue uplift would see the operator post …

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Dermot Desmond loses Playtech ‘influence’ appeal on Ladbrokes-Coral merger

Irish billionaire Dermot Desmond appears to have lost any chance of halting the merger of Ladbrokes and Gala Coral as the UK Takeover Panel has rejected his appeal regarding the influence of gambling technology provider Playtech on the deal. Desmond who owns 2.8% of Ladbrokes Plc shareholdings had appealed to the Takeover Panel regarding the disclosure of an agreement which …

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Gala Coral sees Q1 earnings increase by 59%

Updating the market on its Q1 2016 performance (16 week ending January 2016), Gala Coral Group (Coral) have reported net revenues of £333.3 million representing a £47.1 million or 16% uplift on Q1 2014 performance. After adjusting for regulatory impacts,  Gala Coral governance reported Q1 2016 EBITDA of £23.1 million or 59% ahead of last year. Improved football results contributed significantly …

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Mark Pain joins Ladbrokes Nomination Committee

Ladbrokes Plc has confirmed the appointment of Mark Pain as a member of its governance Nomination Committee. Pain takes on the added responsibilities, having been named a Ladbrokes Non-Executive Director and Chair of the operators Audit Committee last December. As a governance advisor to Ladbrokes, Pain currently serves as Chairman of London Square Developments Limited. In addition to Ladbrokes, Pain …

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Ladbrokes appoints Sly Bailey & David Martin as board advisors

Ladbrokes Plc has announced the appointment of Sly Bailey and David Martin as members of its Board Committees. Both appointments are effective as of 25 September. The appointments will see Sly Bailey named a member of Ladbrokes Social Responsibility committee and David Martin as advisor to the Audit Committee. Both new committee members have served as non-executive directors at Ladbrokes. …

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£79 million expense costs see Ladbrokes post H1 profit slump

Reporting on its half year 2015 performance (period ending 30 June), FTSE250 betting operator Ladbrokes Plc posted group operating losses of £41.4 million (after tax). As expected by business analysts Ladbrokes’ retail betting division had been hit by a £51.8 million impairment charge, following a strategic review of its 2169 betting shop portfolio. The write-down of retail assets, would form …

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Deutsche Bank – Gloomy forecast for Ladbrokes in 2015

Ahead of its annual results publication on Thursday 26 February, Ladbrokes share price suffered its worst fall in almost a year after investment firm Deutsche Bank warned investors of harder times ahead for the London listed sports betting operator. Deutsche Bank expects the operator to publish a further year of sizeable market-share losses, and for Ladbrokes profitability to be stalled …

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