Tag Archives: Ladbrokes Coral

FTSE-listed bookmaker Ladbrokes Coral has claimed a “world first technology” by taking full end-to-end control of its licensed video content. In partnership with iGame Media, Ladbrokes Coral has developed a new video streaming platform which merges the enterprises combined API video content providing users with a unified front-end experience using a single player across all digital outlets. Updating the market, …

Presenting a forward-looking statement to investors, Ladbrokes Coral CEO Jim Mullen states that his firm’s executive team must now match its enlarged revenue generating capabilities with market-leading operational efficiencies, in order for the FTSE enterprise to reach its optimal value. Speaking 150 days since officially completing the merger of Ladbrokes Coral, Mullen detailed that 120 senior executives had been presented …

Ladbrokes Coral CEO Jim Mullen has hailed the merged company’s first annual results announcement as a ‘very successful start’ for the enlarged group, with the combined results delivering 11% growth in revenues and a 22% increase in gross profits after tax. The standout performers are Ladbrokes Coral are the Digital division, which saw operating profit increase 125% and European Retail …

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 …

UK bookmakers have fallen back in love with racing’s Cheltenham Festival (14-17 March), following a week of bookmaker friendly results. Wrapping up Cheltenham 2017, bookmakers en masse would label this year’s festival as ‘the best ever’ which will likely break records once industry takings are fully audited. On Friday, the industry avoided a £20 million payout as 7-1 outsider Sizing …

Speaking to The Evening Standard on the opening day of the 2017 Cheltenham Festival, Ladbrokes Coral CEO Jim Mullen has warned the UK government that stringent limits on fixed-odds-betting-terminals (FOBTs) could force the closure of bookmakers and risk a significant number of job losses. UK bookmakers await the publication of the Department for Culture, Media and Sport (DCMS) official industry …

Betsoft Gaming has announced a partnership deal with Eurobet, a two-time winner of the Italian EGR award for Operator of the Year and a part of the Ladbrokes Coral Group. Under the terms of the partnership, which emphasises Betsoft’s concentrated push into regulated markets, Eurobet will be taking on ADM-approved Slots3™ titles from the supplier, which includes SugarPop, Alkemor’s Tower …

UK business news sources have reported this weekend, that bookmaker Ladbrokes has been hit with a £70 million tax charge relating to an overturned UK Revenue & Customs (HMRC) ‘2008 tax avoidance’ scheme. The UK Tax Tribunal stated that Ladbrokes Group and its auditor Deloitte knowingly exploited a 2008 tax loophole relating to loans between corporations and third parties to …

Ladbrokes Coral CEO Jim Mullen has appealed to politicians to ‘step back from the fray’ and take a serious look at the facts in highly fractious debate around FOBTs. Writing a piece in the Daily Telegraph, replicated below, Mullen argues that the only impact that cutting stakes to £2 from £100 will have is the loss of thousands of jobs and …