Tag Archives: Ladbrokes

EU to investigate Ladbrokes’ Belgian virtual kiosks

The European Union (EU) antitrust agencies are set to carry out an investigation into Ladbrokes’ virtual betting concession in Belgium to ascertain whether it holds an exclusive right to operate services that can be recognised as an ‘unfair state subsidy’. Reported by Bloomberg, the EU probe follows on from complaints submitted by two other gaming operators after Ladbrokes was granted …

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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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FSB selects Glenn Elliott as new COO

Sports betting platform provider FSB has confirmed that former SG Digital executive Glenn Elliott has joined the company’s executive leadership team as new Chief Operating Officer (COO). Elliott will be tasked with overseeing the company’s account management team as well as managing FSB’s five operational service divisions: Sports, Platform, Marketing, Retail and SaaS Hosting. Commenting on his new role, Elliott …

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Bookies Corner: Trump Presidency sinks as US 2020 enters its 100 day countdown

US 2020 enters its final 100 days of campaigning, as current polls indicate a comfortable Joe Biden / Democratic Party victory as President Trump flounders on his handling of critical issues in the most unprecedented of election years.  Against the ropes, can Trump deliver another seismic political upset, or has America finally turned the lights off on ‘President 45’… SBC …

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Buzz Bingo to close 26 UK venues placing 570 jobs at risk 

Buzz Bingo has revealed plans to close 26 of its UK venues in a move that will place 570 employees at risk of losing their jobs.  The UK’s largest bingo hall operator stated that it had undertaken the drastic actions to ‘protect the future of its business’ as it seeks to mitigate pandemic circumstances affecting the entire leisure and hospitality …

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Workforce wellbeing leads GVC Holdings retail reopening 

As it plans to reopen its retail betting venues on Monday 15 June, GVC Holdings has published its ‘comprehensive plan’ of actions and requirements to ensure safety standards across all Ladbrokes and Coral estates.  Leadership of the FTSE100 betting group stated that its reopening plan has been designed ‘to exceed the guidelines’ set by the UK government and World Health …

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ASA pulls ‘irresponsible’ Coral tweet as Ladbrokes ad cleared

The Advertising Standards Authority (ASA) has pulled an advertisement from Coral after the advert was deemed ‘irresponsible’. An ad from Ladbrokes was cleared by the ASA, despite receiving five complaints suggesting it encouraged gambling behaviour that was socially irresponsible. The advertising watchdog upheld one complaint issued against a post on Coral’s Twitter page after a challenge was raised concerning irresponsibility, …

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Blackstone reviews CIRSA options as pandemic wipes out IPO potential

US private equity fund Blackstone Group has moved to safeguard its investment in Spanish gambling operator Grupo CIRSA purchasing €120 million of the firm’s debt notes. Last week, CIRSA published headline Q1 trading figures, revealing that company growth had been wiped out during March, with the company being forced to shut down its entire retail presence across Spain and South …

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Ladbrokes eyes strong TV return for UK racing 

Ladbrokes has accepted a strong return for UK racing, as the general public yearns to watch live sports again following a near three-month hiatus. During lockdown, Ladbrokes commissioned research data firm Perspectus Global to undertake a survey of 2,000 sports fans to find out their views on what they missed most about watching live sport. Ladbrokes stated that an ‘absence …

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Frankie Dettori rides with Sporting Index 

Sporting Index has confirmed that it has ‘onboarded’ legendary champion jockey Frankie Dettori as its new brand ambassador. The colourful Italian, who has won 19 British Classics and is currently recognised as the ‘LONGINES – World’s best jockey’, has joined the Sporting Index stable and will help promote the spread betting firm’s fixed-odds betting markets, which were launched in 2019. …

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