Tag Archives: Ladbrokes

GVC Holdings confident of delivering its 2018 targets & objectives

Publishing its Q3 2018 trading update (period ending 30 September), FTSE100 betting group GVC Holdings details continued corporate growth and progress on its core strategic objectives. The enlarged FTSE firm continues its strong digital momentum, recording +28% period NGR increase, detailing growth across all its major operating territories. Boosted by the closing stages of World Cup Russia 2018, GVC sports …

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Irish bookmaker tax doubles in latest budget

In a devastating blow to Irish bookmakers, the national budget was unveiled yesterday delivering a significant increase to betting tax in the country. After much speculation and heated debate, Ireland’s Minister for finance Paschal Donohoe increased the overall betting tax in the country to two per cent, reversing the 2007 budget which had previously halved it to one per cent. …

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GVC Holdings commits to new responsibility action plan

As anticipated the governance of GVC Holdings, has this morning unveiled its new social responsibility corporate directive, seeking to reduce problem gambling harms, while further improving all-around industry standards. Presenting the firm’s new social responsibility and community mandate, Kenneth Alexander, GVC’s CEO, commented on the announcement: “As a leader in the industry, we fully recognise the need to ensure we …

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SBC Bookies Corner: Sprechen Sie Brexit?

With just six months left for the UK to negotiate its withdrawal from the European Union, the country appears divided and rudderless with regards to its future. Whilst political rumours are rife with regards to negotiations and career manoeuvres, critical Brexit questions remain unanswered…SBC gets the bookies lowdown as the UK enters crunch time Brexit! ______________________ SBC: With under six …

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Conall McSorley – gbet – Dispelling the ‘devil you know’ mentality amongst dissatisfied operators

gbet

Conall McSorley, Business Development Director at gbet, talks to SBC News about rebranding from GBE Technologies, the challenge to allay migration concerns amongst sportsbook operators and how gbet aims to build on its successful partnership with NYRA in the US market. SBC: Can you give the readers on SBC News a brief rundown of the gbet business? CM: Most of …

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New look GVC shows its digital muscle as governance targets growth on global scale

Publishing its interim 2018 results (six-month period ending 30 June), FTSE-listed GVC Holdings displays its enlarged capacity as digital and European growth helps override tough UK retail trading conditions. Presenting its first report incorporating the assets of Ladbrokes Coral (acquisition officially completed on 28 March 2018), GVC records group revenues of £1.1 billion. In its report, GVC governance highlights its …

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Sportium network reaches 3,000 Spanish betting points

Grupo Cirsa and Ladbrokes Spanish market joint-venture Sportium has announced that it has reached a milestone 3,000 active betting points within Spain. The bookmaker details that it has managed to significantly expand its betting-point inventory, partnering up with Spanish arcade and leisure firm Grupo El Dorado, boosting its retail network. The El Dorado partnership has seen Sportium expand its in-store …

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Tory Brexit standoff sees bookmakers revise all UK political markets

With the Conservative government split on how to negotiate the UK’s European Union withdrawal, bookmakers have been forced to revise all political betting markets. Hard Brexit Tory party figureheads are pressuring PM Theresa May to abandon her much-maligned ‘Chequers Common Rulebook Proposal’, as the party prepares for its Annual Conservative Conference on 30 September (ICC Birmingham). Furthermore, this week former …

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Winning Post: Regulatory enforcement – real punishment for a virtual breach

As has been well reported, Ladbrokes (GVC) will have to cease trading for a day on 3 September as punishment meted out by the Belgian Gaming Commission for continuing to offer Virtuals product against (disputed) regulatory changes – a product it once held a national monopoly over. Ladbrokes’ Belgium business represents c. 1% of GVC’s group revenue. If 3 September …

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Australian bookmakers show ‘no harmony’ in developing a new responsibility framework

Industry rifts appear to be hampering the progress of Australia developing a national self-exclusion policy for betting consumers. This weekend, The Sydney Morning Herald (SMH) reported that Ladbrokes Australia had split with industry standards association Responsible Wagering Australia (RWA) on the co-development of a new national responsibility framework. Working with online bookmakers, RWA seeks to develop stronger reforms which will …

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