Retail

William Hill upbeat despite slight loss

William Hill has posted a slight loss after tax for 2013 (down 2 per cent to £226.5m) but the underlying trends in the business indicate a company still on the up. Net revenue for the whole company was up 16% to £1.49bn with Retail Net Revenue up 8% to £907m and online Net Revenue jumping 10% to £446.3m. Operating profit …

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Code Of Conduct Set to Tackle Problem Gambling

The recent government  debate and increased media coverage regarding problem gambling, the  promotion and advertising of betting and gambling services and the expansion of UK betting shops has triggered the UK gambling industry to launch a code of conduct in order to tackle issues and concerns effecting the industry and its customers. As of March 1, the UK gambling commission …

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UK Betting Heavyweights Support ABB Code

UK gambling operators have come together to support the recent launch of the Association of British Bookmakers (ABB)  Code for Responsible Gambling and Player Protection. The code will come into action on the 1st of March 2014, and will look to bring new best practices for better protection of  UK betting and gambling customers. The newly designed code implemented by the ABB, …

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Richard Glynn Ladbrokes Shares Winner

Richard Glynn CEO of Ladbrokes was  awarded 192,080 shares worth £290,000 under long-term share incentive plans tied to his contrat signed in 2010, the payout represents a quarter of the potential maximum of the share awards set in 2010. News of the payout — which is much lower than last year,comes days after the bookmaker reported sharply  falling annual profits …

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True Drama – The Richard Glynn & Ladbrokes Story

The 86th US Academy Awards (The Oscars – to you and me!) are upon us, for this week’s cultural sections of the media have been debating the pros and cons of such heavyweight dramas such as current favourite Twelve Years a Slave and its contenders American Hustle, Gravity and Dallas Buyers Club. No doubt they are all worthy candidates to …

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Increase in costs wipes out retail gains

A 6.6 per cent increase in operating costs and a 20 per cent increase in gaming machine taxation saw Ladbrokes’ UK retail division post a 25.9 per cent drop in operating profit for 2013 to £133.9m. While gaming machines saw a net revenue increase of 20.2 per cent to £408.4m (mostly driven by growth in £2 stake B3 content), over …

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‘Disappointing’ results from Ladbrokes

Ladbrokes chief executive Richard Glynn has labelled his firm’s annual results for 2013 as ‘disappointing’ but maintains that the bookmaker has made ‘real operational progress’ during the year. The figures were never going to be good after a series of profit warnings during the period, but the company has posted a 32.9% drop in group operating profit to £138.3m with …

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Topping To Stay At William Hill Until 2015

Ralph Topping will remain in charge of Britain’s biggest bookmaker until the end of next year, the company said yesterday. The firm issued a statement clarifying its position on Topping’s replacement, after reports in the media suggested that it had accelerated its original plan (William Hill share price: Ralph Topping to retire sooner than expected). William Hill said in a …

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Ladbrokes pay to be linked to social responsibility

Ladbrokes have reacted to the prevailing concerns over problem gambling in betting shops by altering the pay structure of its executives to take social responsibility targets into account. With the campaign against bookmakers, and B2 gaming machines in particular, in full force since the turn of the year, Ladbrokes have taken the smart move to underline how important the firm …

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Tranmere Rovers Manager Ronnie Moore Suspended for Breaching Betting Rules

English Football League One’s Tranmere Rovers have suspended 61 year club manager Ronnie Moore over suspicions of breaching the English Football Associations rules regarding betting and gaming. The Football club issues a statement suspending the manager for the foreseeable future, as the FA will investigate the managers betting actions. Assistant manager John McMahon will oversee the management of the Tranmere …

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