Tag Archives: Ladbrokes

Ladbrokes has announced that it will consider cancelling wagers on its Great British Bake Off TV market as the show enters its final week. The bookmaker has shown concern regarding news that show staff and insiders were placing bets on this year’s winner. Alerting the media, Ladbrokes stated its was investigating wagers from 42 account which have been linked to …

Long-time serving Ladbrokes Head of Greyhound Trading Richard Harkness has revealed to the Racing Post that he has accepted a voluntary redundancy package leaving the operator after 16 years’ service. Harkness’ departure is part of an ongoing restructure of Ladbrokes trading division, as the operator looks improve its automated market trades and IT infrastructure Harkness one of Ladbrokes longest serving employees …

Ladbrokes Plc has confirmed that CFO Ian Bull will step down from his executive role in February of 2016, following the planned completion of the Ladbrokes Gala Coral Group merger. Ladbrokes Gala Coral merged financial operations will be headed up by Gala Coral CFO Paul Bowtell. Ladbrokes further informed that should the merger be completed before schedule, Bull will exit …

Ladbrokes Plc has announced the retirement of Darren Shapland as Non-Executive director. Shapland leaves the operator following, six years’ service, five of which he served as Chair of the Audit Committee The Ladbrokes board, informed its operations and the media that it had begun to look for Shapland’s replacement, and that it expects to make an announcement on the pending …

The Rugby Football League (RFL), the governing body has confirmed that it has agreed a new five-year deal with the BBC to continue televising the Ladbrokes Challenge Cup and highlights of the First Utility Super League. The four-year deal agreed between the RFL and the BBC in 2012 still had another 12 months to run, but the latest contract will ensure the …

Facing a probe by Australia’s Federal Police of its ‘Click to Call’ betting system, William Hill is standing by its controversial mechanism. During its interim results, the bookmaker revealed that its Australian betting division had seen wagers triple following the introduction of ‘Click to Call’, which follows live betting procedures by allowing customers to connect to live betting markets through …

The markets have responded positively to today’s announcement by Paddy Power and Betfair that they are considering a merger. Betfair shares jumped 18%, while Paddy Power’s have increased by more than 15%. In contrast, the share prices of competitors William Hill and Ladbrokes have dropped on the news. Writing in the FT’s Lombard column, Jonathan Guthrie said that the merger …

As forecasted by city analysts Ladbrokes Plc posted H1 2015 operating losses of £41 million, making for a somewhat downcast first corporate update by New CEO Jim Mullen. However, the Scotsman feels upbeat about the operator’s future performance having called in a much needed review of its retail business division. Under Mullen’s guidance Ladbrokes’ new executive team implemented a write-down …

As Ladbrokes governance plans to announce its Half Year 2015 performance this Tuesday, London business analysts and investors fear the worst for the bookmaker after writing down the value of its retail betting portfolio.  Ladbrokes are set to record an impairment charge of between £75-85 million, which will guarantee that the operator records a pre-tax loss for H1. New CEO …

The BBC has aired just one episode of its popular Great British Bake Off (GBBO), however Ladbrokes today has announced that it has suspended its TV betting market to “assess the situation”, following a flurry of bets placed on one contestant. Ladbrokes trading team noticed suspicious play on one contestant, whose odds started at 12/1 and were reduced to 6/1, …