Tag Archives: FTSE

Ladbrokes Coral says no to GVC’s £3.6 billion takeover bid

The Financial Times has reported that FTSE-listed GVC Holdings has failed in its attempt to takeover UK market rival Ladbrokes Coral Plc. The business news source reports that Ladbrokes Coral governance had reviewed a £3.6 billion group takeover deal, aimed at creating ‘the outright UK gambling market leader’, by merging GVC’s digital gambling brands with Ladbrokes Coral retail and online …

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‘Digitally Ready’ William Hill to ramp up marketing

Looking forward to a new European football season, FTSE-listed William Hill is preparing to undertake a significant marketing outlay in order to entice customers back to its digital sports betting products. Presenting to investors, William Hill’s strategy update, new Chief Executive Philip Bowcock detailed that the bookmaker was planning dynamic marketing campaigns, focusing on customer engagement through its social media …

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Strained 888 implements international ‘cost efficiency’ measures

The governance of FTSE-listed online gambling operator 888 Holdings Plc has begun an international streamlining process which will see the company reduce its staff headcount as 888 seeks to reduce day-to-day operational costs. Last week Israeli business news sources reported that 888 governance would concentrate its cost reduction strategy within its Herzliya North Tel Aviv district office, which houses the …

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City views tough Q2 trading outlook for FTSE bookmakers

Industry market analysts are weary of FTSE listed operator stock performance, taking the position that ‘punter friendly’ sporting results, rising costs and a tough 2016 comparable period, will have hindered all-round Q2 trading. As FTSE-listed bookmakers prepare to announce their full H1 trading results this coming July and August. City analysts have placed a gloomy forecast for industry H2 performance, …

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Rank Group moves support teams to new Maidenhead office

Seeking to boost its operational capabilities, FTSE250 listed gambling operator Rank Group Plc has moved its support staff to a new office located in the TOR Building of Maidenhead. The migration of support staff to Maidenhead forms part of Rank governance’s ongoing ‘organisational restructure’, which was announced during the firms H1 2016/17 interim results. At present, Rank is undertaking group-wide …

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Going Live…GVC launches ‘The Clubhouse’ live play studio

 FTSE-listed online gambling group GVC Holdings has announced the launch of ‘The Clubhouse’, the firm’s proprietary live casino studio which will be integrated throughout GVC portfolio of gaming/betting sites. Detailing its new product launch, GVC has spent six months developing its Clubhouse live gaming studio proposition which will feature dozens of live blackjack and roulette tables. The Clubhouse has been …

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Alan Jackson – Successful M&A and integrations will keep Playtech ahead of the pack

Ahead of today’s Annual General Meeting of Playtech Plc shareholders, company Chairman Alan Jackson has stated that he is confident that the FTSE firm will maintain its strong momentum and meet its full-year expectations. As Chairman, Jackson notes that the company has added a significant number of acquisitions which must now be integrated within Playtech’s core business divisions in order …

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Positive start sees William Hill confident of delivering on 2017 targets & projects

The governance of FTSE-listed bookmaker William Hill Plc is confident of meeting 2017 corporate expectations following a ‘positive start’ to the year. Issuing a trading update (17-week period to 25 April), William Hill reported a period growth in wagering and net revenues across all core divisions. Updating investors, the company expects its group net revenues to be 9% up on …

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Potential Brexit impacts see 888 assess Gibraltar operations

FTSE250 operator 888 Holdings (888) is considering alternatives to Gibraltar as its operational centre, should the British Overseas Territory be negatively impacted or restricted by Brexit. The governance of 888, are the first industry stakeholders to publicly view Brexit as a potential ‘future risk’ for its operations. Publishing its 2016 annual report, 888 detailed that Gibraltar’s current licensing remit remains …

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Industry eagerly awaits Ladbrokes Coral 2016 results

FTSE-listed Ladbrokes Coral will be the last ‘industry giant’ to declare its full-year 2016 performance this Tuesday 28 March, as city analysts await the maiden financial results of the newly enlarged enterprise following its £2.3 billion merger closure last November. Updating the market this January, Ladbrokes Coral governance detailed that full-year 2016 operating profits would be in-line with merger expectations …

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