Retail

Shareholders criticise Ladbrokes over Richard Glynn pay-off

Shareholders at under-performing Ladbrokes have criticised the company’s corporate governance with regards to former CEO Richard Glynn executive remuneration and final compensation pay-off. Investor concerns regarding the former CEO’s compensation were put forward to Ladbrokes governance at the company’s annual general meeting held last Thursday. An estimated 40% of shareholders failed to back the remuneration policy for Glynn. The Guardian …

Read More »

IGT achieves highest iGaming vendor rating by Info-Tech Research Group

 International Game Technology , IGT Plc has been ranked as a Champion, the highest possible rating, in Info-Tech Research Group’s iGaming Platforms Vendor Landscape for the Gaming and Hospitality Research Center The Info-Tech Research Group’s Vendor Landscape reports recognize outstanding vendors in the technology marketplace. They assess vendors by the strength of their offering and their strategy for the enterprise, paying tribute to the …

Read More »

Aristocrat employees donate $22,980 to Make-A-Wish Nevada

Employees at Aristocrat’s Las Vegas facilities joined representatives from Make-A Wish Southern Nevada for a celebration today where Aristocrat donates $22,980.00 to the charity. The money was raised through a combination of efforts at Aristocrat. The company’s Community Involvement Committee sponsored the Make-A-Wish Walk ($500) as well as sponsoring 10 participants in the walk. Additionally employees participated in a “Fast …

Read More »

SNAI strengthens Italian market position with Cogemat merger

Italian sports betting operator Gruppo SNAI has agreed to a corporate merger with Italian licensed gambling operator Cogemat, which will see the new company valued at + €145 million SNAI will incorporate all assets and business subsidiaries of Cogemat, including gambling technology and content provider Cogetech which services 9% of the Italian gambling machines market. Italian news sources report that …

Read More »

Peter Erskine steps down as Ladbrokes Chairman

Peter Erskine, Ladbrokes PLC  Chairman has announced his intention to step down from the post during 2015. A search for his successor is now underway and being led by Senior Non Executive Director, John Kelly. Peter Erskine was appointed Chairman in 2009, Ladbrokes governance has confirmed that Erskine would work with the Board on a suitable transition to the new …

Read More »

Gary McGann eyes Paddy Power Chairmanship

The Irish Times has reported that soon to retire Smurfit Kappa CEO Gary McGann is keen to become next Chairman of Paddy Power Plc, replacing current incumbent Nigel Northridge. Northridge who has been the Irish bookmakers Chairman since 2009 has given no indication that he is to step down from the position. McGann who will retire from packaging multi-national Smurfit …

Read More »

Short sellers target weak Ladbrokes

The Daily Telegraph has reported that several hedge funds have ramped up their bets against Ladbrokes Plc, ahead of the 7 May UK General Election. The newspaper reports that the proportion of shares out on loan, a metric for short-selling has risen by 8.9%, the highest Ladbrokes has seen since October 2013. At present Ladbrokes are the seventh most shorted …

Read More »

HKJC racing undertakes operational & managerial restructure

The Hong Kong Jockey Club (HKJC) racing division is set to undertake an organisational restructure and new appointments in its management, as the Asian gambling operator looks to support its future growth plans. HKJC announced that from 1 August its racing division will be split into two business units, Racing Business & Operations and the Racing Authority Division. The separation …

Read More »

Scotbet joins the Senet Group

Scotbet, the largest chain of independent betting shops in Scotland, has become the first new member of the Senet Group, the gambling self-regulatory body. It joins founder members William Hill, Ladbrokes, Coral and Paddy Power in committing to abide by a code of conduct designed to meet high standards of social responsibility in gambling. John Heaton, Chairman of Scotbet, said: “We’ve always placed …

Read More »

Chris Eaton: Match fixing has dented China & India’s football potential

Addressing the Soccerex Asian Forum in Jordan on the issues of sports corruption and match fixing, Chris Eaton Executive Director of the International Centre for Sports Security (ICSS) urged attending delegates to push for all Asian nations to adopt a “transparent, legalised, regulated and supervised sport betting, so there will be far less money to fix football or any other …

Read More »