Tag Archives: Ladbrokes

Ladbrokes is set to withdraw its betting services from Switzerland, Hungary and Norway as the operator reviews its international operations. The operator stated that it would leave these jurisdictions after undertaking legal and regulatory reviews of European igaming frameworks. The withdrawal from the above mentioned territories comes as the United Kingdom prepares for the start of the new Point of …

Scottish punters will pocket up to £10 million in winnings in the event of a yes result in the referendum according to Ladbrokes. With 70% of bets placed north of the border favouring independence, the betting industry is preparing for a multi-million pound payout should the YES campaign defy the odds. Despite the confidence in a breakaway as far as …

Gambling Consultant Steve Donoughue takes a look at the attempt of bookmakers to replicate the alcohol industry’s Portman Group. Yesterday saw the launch of the Senet Group by the big 3 Bookmakers and Irish upstart Paddy Power. For those of you who missed it, which is odd because it got some good news coverage, the Senet Group will be an …

The UK Advertising Standard Authority (ASA) has reprimanded Ladbrokes for causing offence by displaying an advert for betting exchange subsidiary Betdaq in which Rio de Janeiro’s Christ the Redeemer statue is wearing a Betdaq purple and white football shirt. The advert which ran during this summer’s FIFA World Cup in Brazil, was displayed on the Betdaq.com website, and featured the …

bettingexpert.com Racing editor Stephen Harris digests the latest Ladbrokes woes and identifies five implications for the industry. The headlines in the press said it all last week as the beleaguered bookmaker suffered yet another dire set of results, particularly when compared with William Hill, Paddy Power and Bet365. But what do these shocking figures mean for the industry as a …

Content and systems developer Betdigital has been awarded its Remote Gambling Software Operating Licence by the UK Gambling Commission. Betdigital joins a select few suppliers that have the necessary licensing to meet the terms of the new Gambling (Licensing and Advertising) Act ahead of October’s introduction. The Act demands operators who provide remote gambling services to British consumers to acquire …

Weekend news reports stated that Ladbrokes Chief Executive Richard Glynn’s fate would be decided by this Tuesday interim performance report.  The Sunday Times had reported that a group of major shareholders were greatly concerned with the company’s performance under Glynn’s leadership. On Tuesday Ladbrokes published a profit after tax drop of 49.8% to £23.7m for the period, with huge drops …

Ladbrokes has seen its profits halve in the first six months of the year as the bookmaker suffered a transitional period for its digital business. Profit after tax dropped by 49.8% to £23.7m for the period, with huge drops in operating profit for UK Retail (down 21.3% to £57.6m), European Retail (down 32.0% to £6.6m) and digital (down a whopping …

. The Sunday Times reports that shareholder pressure is mounting on Ladbrokes Chief Executive Richard Glynn The Newspaper claims that a group of top-level shareholders of Ladbrokes are currently waiting on the publishing of the operators interim financial report . The Shareholders will than ask the board to remove Glynn from company operations. According to the Ladbrokes consensus forecast, revenues …

Celtic Football Club’s unexpected reprieve from Champions League elimination is causing some bookmakers a headache as curious punters get in touch to see if their previously losing bets are now, in fact, winners. Celtic lost on Wednesday night 2-0 to Legia Warsaw in the CL qualifier, with an embarrassing 6-1 loss on aggregate. However the Polish side brought on a …