Wednesday, December 7, 2022

Tag: Ladbrokes Coral

GVC rebrands as Entain, vows to exit grey markets

GCV rebrands as Entain
GVC - the not-so-catchy umbrella group for Ladbrokes Coral, Foxy Bingo, Party Poker and many others - is to rebrand as Entain, and refocus its efforts towards long-term growth in regulated markets.

Virtual Grand National raises £2.6m for the NHS

Virtual Grand National NHS Fundraising
British bookmakers donated £2.6m in profits to the UK’s National Health Service after the Grand National became the first televised virtual horse race

GVC Holdings to relocate from Isle of Man to UK mainland

GVC Holdings relocation
GVC has announced plans to relocate its headquarters from the Isle of Man to the UK, ending its tax residency in order to facilitate fundamental business..

Ladbrokes Coral Group to pay £5.9m for failings in anti-money laundering and social responsibility

ladbrokes coral
The Ladbrokes Coral Group has been ordered by the Gambling Commission to pay £5.9m for failings in anti-money laundering and social responsibility practices. An investigation by the Gambling Commission found that between November 2014 and October 2017 Ladbrokes and Coral failed to put in place effective safeguards to prevent consumers suffering gambling harm and against money laundering, with this failing...

Ladbrokes Coral relaunches affiliate programme with Income Access

Ladbrokes Coral, affiliate programme, Income Access, paysafe
Ladbrokes Coral Group, the leading UK-based multi-channel bookmaking and gaming company acquired by GVC Holdings in March, has announced the relaunch of its affiliate programme in partnership with Income Access, Paysafe Group’s marketing technology

SG Gaming and Ladbrokes Coral Group agree landmark 7-Year Deal

SG Gaming secures largest single UK Licensed Betting Office gaming supply deal including roll out of Equinox terminal range. Scientific Games Corporation has announced the Company's UK division, SG Gaming, has signed a landmark seven-year agreement…

Playtech and Ladbrokes in single-account omni-channel deal

ladbrokes coral
Playtech has delivered its omni-channel product throughout the entire UK Ladbrokes estate, in a bid to enable its players to use one account and one wallet across all online, mobile and retail products.   In line with its Playtech ONE omni-channel strategy, the newly unified sportsbook platform, that now includes Self-Service Betting Terminals (SSBT), is fully integrated with the Playtech IMS...

Ladbrokes outline equal pay progress in gender disparity report

ladbrokes gender pay gap
Following an increased focus on gender pay disparity across all UK industries, Ladbrokes Coral Plc has published its corporate statistics alongside a plan to implement a more equal pay structure. The 2010 Equality Act from the UK government requires all employees of over 250 staff publish yearly gender pay disparity figures, with Ladbrokes Coral one of the first 500 firms...

Reflex respond in confident mood to upbeat ICE

Reflex Gaming ICE Leander
Mat Ingram, Chief Product Officer at Reflex Gaming, has praised last week’s edition of ICE London for its ability to deliver what he described as ‘a continuous flow of serious gaming professionals throughout the length of ExCeL and the duration of the show.’   Reflex, which is active in both online and land based gaming verticals, used the comprehensive platform provided...

1,600 Ladbrokes Coral jobs under threat from GVC takeover

ladbrokes coral jobs
Hundreds of jobs could be up for the chop should GVC’s takeover of Ladbrokes Coral go through, the bookmaker admitted in a new outline of the deal.   Although the deal is expected to fetch a potential £3.9bn, the two companies said up to 6 percent of their combined 26,800 workforce - around 1,608 staff - could lose their jobs. The...

Hill’s consummate new chair to exploit ‘considerable opportunities’

roger devlin william hill chair
British betting group William Hill has found an illustrious new chairman in FA executive Roger Devlin. The well-connected former Ladbrokes director could help unlock the transformative deal that the bookmaker has thus far been denied.   Not famed for timely appointments, bookmaker William Hill has annointed a prestigious new chairman to steer the company as it heads into a complex period...

Ladbrokes agrees to savings-centric GVC takeover

  Ladbrokes’ board finally agreed to GVC’s £4bn takeover bid, in a deal expected to mitigate regulatory risks and save an estimated £100m by 2021.   GVC Holdings is soon to become one of the world’s biggest gambling companies after absorbing Britain’s largest and longest serving high-street bookmaker. The offer, which currently values Ladbrokes Coral at £4bn, would send GVC a quarter...

GVC Ladbrokes Coral? Betting giants in acquisition talks after FOBT backlash

ladbrokes shop 2
  In an move that could turn Ladbrokes Coral into a company worth nearly £4bn, the UK betting giant is in “detailed” talks for a takeover by online competitor GVC.   Under the proposals, GVC - which owns the Bwin and Sportingbet brands - would hold 53.5 percent of the combined group. The move could lead the biggest shake up of the UK...

Ladbrokes launches omni-wallet

Ladbrokes has launched an omni-wallet across its retail estate of over 3,500 betting shops.   Facilitated by the company’s loyalty card program, the omni-wallet will enable customers to access their single wallet across all of Ladbrokes’ retail products, including over the counter, gaming machines and self-service betting terminals. Ladbrokes customers can them choose to have their winnings added to their...

Gala charged £2.3m after two customers gamble stolen money

gala-coral-interactive stolen
Gala Interactive will pay £2.3m after failing to take action over two problem gamblers, who gambled away around £1.3m of stolen money.   One customer lost £837,545 over 14 months and the other lost £432,765 over 11 months while playing Gala's online games. The Commission said Ladbrokes Coral, which owns Gala Interactive, failed to have in place written policies and procedures that...

Ladbrokes Coral enlists bankers for advice before FOBT review

Betting Business FOBT review
Ladbrokes Coral is currently reviewing all corporate options in preparation for next month’s UK government triennial review of the industry FOBTs wagering and advertising standards.   Yesterday, the Sunday Times reported that the company’s governance has hired Deutsche Bank, Greenhill, and UBS as corporate advisers on "consolidation matters" in preparation for the government’s decision. The move follows concerns that the government will force...

British bookmakers ignite web sales as retail regulations loom

William Hill sales
Executives at UK bookies were surprisingly upbeat with their modest performances in the first half of the year. But with a regulatory assault set to severely curtail retail revenues, it’s perhaps little wonder that it’s all about online growth this year.   Lay observers may have been surprised to see executives at the leading British bookmakers laud their modest performances in...

NRM win Ladbrokes Coral business

NRM Ladbrokes
Technology and software solutions supplier, NRM, has announced a significant business win securing a group wide agreement to install its Numbers Betting Platform across the vast majority of the Ladbrokes Coral estate.   The contract, which covers some 3,000+ LBOs, was secured following a competitive tender process and was officially launched at a photo-opportunity held at the Ladbrokes LBO in Bloxwich,...

Ladbrokes Coral launches new combined Match & Player Specials football markets through DST partnership

ladbrokes dst
Digital Sports Tech (DST) has extended its partnership with Ladbrokes Coral Group by powering the betting giant’s newly-launched combined Match & Player Specials markets.   These markets, which were launched for the new Premier League season by Ladbrokes and Coral, include DST proprietary player props, in addition to same-game accumulators which incorporate both the props and the most popular match markets. The...

Over 120 operators set for Betting on Sports 2017

betting on sports
  More than 120 operators, 75 top level affiliates and 80 suppliers will be joined by some of the biggest sports organisations in Europe at this year’s Betting on Sports conference, taking place 12-15 September, the organisers have said.   Among the 120 operators at conference will be the recently merged Paddy Power Betfair, a premium sponsor of the event, and Ladbrokes...

Ladbrokes Coral turn down £3.6bn GVC takeover

Betting Business, Ladbrokes, profits united challenge omni
GVC, the Isle of Man-based gambling giant, have failed in another bid to gain control of Ladbrokes Coral, the Financial Times reports. Approaching the UK bookmaker that currently hold over 3,500 betting shops, GVC offered £3.6bn in an attempt to create possibly the world’s largest gambling company. This is the second time an offer has been made by GVC, the first...

Populism over pragmatism: Shares tumble on stake reduction hype

Betting Business review stakes
The market jitters on the news that British MPs have recommended the harshest reduction in machine betting stakes. While the reaction reveals how exposed certain bookmakers are to the risk, analysts remain sceptical that ministers will ultimately be so self-harming.   Those UK bookmakers most reliant on revenues from fixed-odds betting terminals saw their valuations slashed when a cross party group...