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Despite Dermot Desmond’s last ditch attempt to derail its £2.2 billion merger with Gala Coral, Ladbrokes shareholders are reported to have voted in favour of the deal this morning. London business news sources report that 90% of Ladbrokes Plc investors backed the merger, despite hearing Desmond’s arguments against its progression. Furthermore Ladbrokes governance rejected Desmond’s appeal for a second merger …

As the European gambling industry consolidates creating sector giants. Scott Longley takes a look at the debt crisis that has engulfed Caesars Entertainment.   If anyone doubts that we are still living with the after effects of the 2008 financial crisis, they need look no further than the travails of one of the more high-profile corporate victims of the appropriately-termed …

Having launched a scathing attack on Ladbrokes £2.2 billion planned merger with Gala Coral, which saw the publication of saynotocoral.com, Irish financier Dermot Desmond is set to further argue his concerns regarding the merger at a Ladbrokes investor meeting to be held this Tuesday in London. Desmond, who holds a 2.8% company stake, and his public attack against the merger highlighted …

Bookmaker William Hill is celebrating the success of its newly launched ‘Priority Access Card’ in partnership with Mastercard (fully launched in September). The card which gives its customers direct access to their online funds, has won the 2015 FStech “Best PrePaid Card Solution” award, beating stiff competition from UK high street financial enterprises. William Hill governance stated that “the fact …

Issuing an interim management statement for the period 1 July to 15 November, Paddy Power stated that trading was in-line with corporate expectations. Following a strong H1 2015 opening, the operator noted that sports results during the period were unfavourable, an impact seen throughout the betting industry. Paddy Power maintained a 9% group net revenue increase, supported by a 23 …

Australia’s biggest gambling operators Tatts Group and Tabcorp have failed to agree terms on a merger which would create a + $9 billion enterprise. This weekend national news sources reported that a conformation of the merger talks between the two parties was imminent, but almost immediately the deal was dead in the water. The planned merger would have seen the …

A major social media campaign with the hashtag #gamblesmart is being launched by gambling watchdog Senet Group on Friday, 13 November. The three-week campaign targets young men with shareable, humorous online content to highlight and promote responsible gambling behaviour such as setting limits, never gambling when angry and never betting more than you can afford.  The work will build on …

Having issued a 2015 profit warning in September, Frankfurt Xetra listed mybet Holdings recorded a 7% decline in group net revenues to €16.5 million for Q3 2015 (period ending 30 September). The European operator recorded revenue declines in all key verticals (apart from horse racing), as it posted net losses of -4.2 million for the period (Q3 2015 -€440,000). The …

LSE listed online payments provider, Optimal Payments (Optimal) has rebranded to Paysafe Group. The firm is reported to have filed its name change with the LSE, which will see its corporate ticker abbreviated to PAYS.L. The rebrand sees the provider merge its proprietary brands Optimal Payments and Neteller with its acquired asset of Skrill, which was purchased in August for …

Sky Betting & Gaming (Sky Bet) governance has announced that it has invested £11 million with a view of creating 200 new jobs and opening its new customer hub in Leeds City Center. Sky Bet detailed that the £11 million investment will be spent this financial year on the following: 200 new hires primarily in the technology and contact centre …