Tag Archives: ireland

High Court grants final approval of Ladbrokes Ireland rescue plan

Following a month long review of Ladbrokes rescue plan for its embattled Irish retail betting division, Ireland’s High Court has granted approval to the operators rescue plan, ending the examinership proceedings entered by Ladbrokes Ireland in April 2015. Ladbrokes will be allowed to close 52 of its 196 Irish retail stores, the operator is set to keep 700 staff members …

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Irish competitors eye up Ladbrokes Coral retail estates

The agreed £2.3 billion merger of Ladbrokes and Gala Coral which awaits final approval from the UK Competition and Markets Authority, will likely see hundreds of retail outlets controlled by the operators placed up for sale. The new business entity which will form the UK’s biggest retail bookmaker with a combined 4000 outlets, will likely be forced to sell parts …

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Ireland’s Commercial Court to judge Roy Keane vs Paddy Power

Beginning legal action over the infringement of his image rights by Paddy Power, Former Republic of Ireland and Manchester United captain Roy Keane has labelled the Paddy Power ‘Braveheart’ billboard advert (pictured) as “crude and offensive”. The infringement case put forward by Keane has been admitted to Ireland’s Commercial High Court, who will pass judgement on the matter in November. …

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Brian Kavanagh – HRI – No delay for the implementation of Irish betting bill

Chief Executive of Horse Racing Ireland (HRI)  Brian Kavanagh has stated that there will be no delay to the implementation of Ireland’s new betting tax framework, which mirrors closely the UK’s POC system introduced last December. Kavanagh backed his statement, despite the UK POC being referred to the European Court of Justice (ECJ) by the Gibraltar Betting & Gaming Association (GBGA). …

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Roy Keane sues Paddy Power over infringement of image rights

Former Republic of Ireland and Manchester United captain Roy Keane has sued Paddy Power over infringement of his image rights, with regards to a billboard run in Dublin by the operator during last month’s Ireland vs Scotland UEFA Euro 2016 international qualifier. The billboard which depicted Roy Keane as 1995’s Oscar winning film character William ‘Braveheart’ Wallace (character played by …

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Irish High Court grants Ladbrokes closure of 5 betting shops

The Irish High Court has granted Ladbrokes permission to close its leases on five premises in advance of its examinership rescue plan, which was submitted by the operator at the end of June The repudiation of leases will see betting shops in Kilmacud Road, Ballygall Road and Finglas Town Centre (Dublin) John Street (Waterford) and Middleton (Cork) closed. The Irish …

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Examiner – Parent bid tops Boylesports for Ladbrokes Ireland

Following its month long review under the Irish High Court, it appears that Ladbrokes Plc rescue plan for its Ladbrokes Ireland division has trumped Boylesports €25 million bid. On Tuesday Ken Fennell (Deloitte), the examiner appointed by the High Court to review the bid process, informed Ladbrokes Ireland creditors and other stakeholders that the examinership review favoured the plans put …

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Boylesports plans €25 million bid for Ladbrokes Ireland

Following its review of Ladbrokes Ireland’s examinership, Irish independent bookmaker Boylesports confirmed that it would prepare a €25 million bid to take over the troubled retail betting division. A Boylesports spokesman confirmed the pending bid to newspaper the Irish Independent, despite the operator losing its legal challenge to gain sensitive insight regarding Ladbrokes Ireland’s performance. It is believed that Boylesports …

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Boylesports to review Ladbrokes Ireland examinership

Boylesports who have shown interest in acquiring Ladbrokes Ireland retail division out of examinership, has been granted leave by the Irish High Court to raise questions regarding the divisions performance. Boylesports has been permitted to serve short notice on Ladbroke Ireland Ltd; Ladbroke Leisure Ireland Ltd; Dara Properties Ltd by Ms Justice Mary Faherty. The operator has further been granted …

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Boylesports eyes takeover of Ladbrokes Ireland

Irish independent bookmaker Boylesports is lining up to buy Ladbrokes loss making Irish retail division. The division is currently under Irish High Court protection, following Ladbrokes appointment of examiner Deloitte in April. Having recorded 2014 division losses of €5 million, Ladbrokes Ireland operations are currently being re-structured, with the operator outlining the closure of 60 of its 196 Irish betting …

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