Tag Archives: Ladbrokes

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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Sportium revamps YouTube profile for new La Liga Season

Spanish bookmaker Sportium has relaunched its YouTube channel seeking to deliver the best content, discussion and betting viewer engagement for La Liga season 2018/19 and beyond. Sportium, the Ladbrokes and Grupo Cirsa Spanish market joint-venture details that its revamped YouTube channel will support its status as ‘official betting partner’ of La Liga. Spain’s new football season kicked-off this weekend with …

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SBC Bookies Corner – Scottish Premiership Preview

The new Scottish Premiership season kicks off on Saturday, with the league seemingly rejuvenated by the Hollywood appointment of Steven Gerrard as Rangers manager. Whether or not a serious title challenge can be mounted by the Ibrox club, a figure of Gerrard’s stature is a welcome addition to Scottish football, particularly in the wake of the hyperbole surrounding Adam Rooney’s transfer …

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GVC & MGM to create “one of a kind” platform for US expansion

As anticipated FTSE-listed GVC Holdings has this morning confirmed the establishment of its 50-50 US joint venture with MGM Resorts International (MGM). Updating the market, GVC governance states that the joint-venture will significantly expand its US position granting direct access to regulated US states, with both venture parties securing ‘meaningful early mover advantages.’ “With a proven track record as partners-of-choice, …

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UKGC maps out crucial industry lessons over rule 4 judgements

The UK Gambling Commission (UKGC) has emphasised that if lessons aren’t learnt from the way Ladbrokes handled the Tango Sky rule 4 case, then it will be forced to intervene and exercise its regulatory powers. Issuing a corporate statement, the UKGC outlined that Ladbrokes had been misleading around the case of Black Dave, which occurred in January 2015. When placing …

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