Tag Archives: Ladbrokes

High Court grants final approval of Ladbrokes Ireland rescue plan

SBC News High Court grants final approval of Ladbrokes Ireland rescue plan

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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Ladbrokes launches tailored digital platform designed by Playtech

SBC News Ladbrokes launches tailored digital platform designed by Playtech

Ladbrokes has announced the launch of its single unifying digital platform, developed by igaming technology provider Playtech. The platform aims to improve player engagement on Ladbrokes digital inventory by enhancing product layouts,  optimising customer journey and providing faster load times. Ladbrokes management stated that the new platform will be aimed at tailoring to the customers needs and choices.  Operationally Ladbrokes …

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Playtech sees first rewards from Ladbrokes Gala Coral merger agreement

SBC News Playtech sees first rewards from Ladbrokes Gala Coral merger agreement

Playtech will become the first winner of the Gala Coral Ladbrokes merger as the gambling technology provider is set to receive £75 million under a new marketing services and provisions agreement arranged with Ladbrokes Plc. The £75 million sum will be paid to Playtech upon the completion of the merger. At present the technology firm currently acts as platform and …

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Deal agreed for £2.3bn Ladbrokes Coral merger

SBC News Deal agreed for £2.3bn Ladbrokes Coral merger

The boards of Ladbrokes and Coral have managed to agree on a merger deal which will create ‘a leading multi-channel and internationally diversified business with a compelling strategy to accelerate online growth, deliver substantial synergies and drive value’. Ladbrokes Coral plc will have net revenue of £2.1 billion and £392 million of EBITDA (excluding cost synergies of at least £65 …

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Betdigital sees 400% demand in bespoke Omni-Channel games

SBC News Betdigital sees 400% demand in bespoke Omni-Channel games

Independent Game Design and Platform Integration specialists Betdigital , has seen a 400% increase in demand for its bespoke games. With more operators wishing to embrace an Omni-channel offering has seen Betdigital acquire a huge number of new customers that have significantly boosted revenues. Players are now able to enjoy content on a fresh platform that in turn raises awareness of suppliers …

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Ladbrokes & Gala Coral ramp up merger talks

SBC News Ladbrokes & Gala Coral ramp up merger talks

Multiple London business news sources have disclosed that Gala Coral and Ladbrokes are close to agreeing terms on a £3.5 billion merger, which would create the UK’s biggest bookmaker with over 4000 betting shops. Ladbrokes who are being advised on the merger terms by investment banks’ Greenhill Capital and UBS are expected to issue new share placements in order to …

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Ladbrokes political market favours Brexit

SBC News Ladbrokes political market favours Brexit

Ladbrokes has surprised political commentators by announcing that the UK is more likely to leave the European Union than Greece. The bookmaker has placed Greece at 2/5 to remain a Eurozone member in 2015, while cutting the odds on a ‘Brexit’ from 7/2 to 3/1. Following last Sunday’s Greek Euro Referendum which saw the beleaguered nation vote NO to further …

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Irish High Court grants Ladbrokes closure of 5 betting shops

SBC News Irish High Court grants Ladbrokes closure of 5 betting shops

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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