Chisholm Bookmakers have warned that the introduction of the National Living Wage may force it to lay off staff and close some of its betting shops. Directors also cited the high cost of horse racing media rights as a main cause for widening losses, and confirmed that a number of small shops closed during the year as rising costs made them …
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Ladbrokes restates case for Coral merger after Desmond criticisms
Ladbrokes has moved to counter the call by Dermot Desmond for shareholders to reject its proposed merger with Coral by reiterating the rationale behind the deal. In a message to the stock market, Ladbrokes’ board said that it ‘noted’ Desmond’s letter and acknowledged that it had had ‘significant dealings’ with him as both a shareholder and a commercial partner over …
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