Ladbrokes has confirmed that betting on Article 50 has been thrown into chaos after yesterday’s High Court intervention, which ruled that parliament must vote on whether the UK can start the process of leaving the EU. Following the ruling, Ladbrokes initially kept 2017 as the odds-on favourite for when the UK will invoke Article 50. However, it is now just …
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Following 18 months of negotiations, the merger of Ladbrokes and Coral has finally been completed, with the new enterprise officially adopting the corporate name of Ladbrokes Coral Plc. Issuing a short statement, Ladbrokes governance confirmed its official merger completion this morning: “Ladbrokes plc announces it has today changed its name to Ladbrokes Coral Group plc. The merger is expected …
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The merger of Ladbrokes and Coral has been granted final approval by the UK Competition & Markets Authority (“CMA”), closing the £2.27 billion deal which has taken 18 months to complete (first announced June 2015). Completing its final review of Ladbrokes-Coral merger process, the authority has approved the operators sale of 359 betting shops to Betfred (322 estates) and Stan …
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Following a recent call centre visit by CEO Jim Mullen, Ladbrokes has announced a £180,000 donation to national problem gambling support charity GamCare to help fund its new Youth Programme. The firm will provide the backing in 2016 and 2017, to help fund three regional ‘youth hubs’ across the UK to provide information, advice, early interventions, and links to treatment …
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The Man Booker Prize is one of Western literature’s most coveted. This year the winner is being announced on Monday October 24th. The stipulations of the award are that the book must be fictional, penned in English and published in the UK. It’s been running since 1969 and the winner these days gets a sizable £50,000 cheque. Ion Tewin, Literary …
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Publishing its trading update for Q4 2016 (12-week period ending 25 September), Gala Coral expects to report an 8.9% group net revenues uplift on corresponding 2015 performance. In what may likely be its last financial update as an independent gambling operator, Gala Coral stated that its performance had been driven by the continued growth of its digital division, which reported …
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AppBet has launched a free online service which allows UK punters to combine odds comparison with the placement of football and horse racing bets across all their betting accounts. The new app, which has been launched on the iOS and Android platforms for Paddy Power, Ladbrokes, Boylesports and Betway, gives users the chance to integrate all of their betting accounts …
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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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The merger of Ladbrokes Plc and Gala Coral is almost good to go after the bookmakers revealed that 359 betting shops of its combined retail portfolio will be sold to Betfred (322 shops) and Stan James (37 ). The sale of the betting shops is conditional upon the approval of the UK Competition and Markets Authority (UK CMA) and will be …
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Responding to news reports that it had closed down its eSports market, bookmaker Ladbrokes has stated that it will continue to take bets on the vertical. The bookmaker moved to clear up industry rumours that it had shut down its eSports market, following reports by esportsbettingreport.com that eSports would no longer be offered as a market. Ladbrokes detailed that the …
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