Tag Archives: Ladbrokes

Ladbrokes signs deal to sponsor World Grand Prix and Players Championship

Ladbrokes has signed a deal with Barry Hearn’s World Snooker to sponsor both the World Grand Prix and Players Championship tournaments for this year. The deal gives the bookmaker exclusive naming rights to the tournaments due to take place in Llandudno between the 8th and 13th of March (Ladbrokes World Grand Prix) and Manchester between the 22nd and 27th of …

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Heavy Load! Ladbrokes posts £37 million in losses for 2015

Increased costs combined with the extra burden of betting taxes have seen Ladbrokes Plc post full-year 2015 (period ending 31 December 2015) group losses of £43 million, detailing a corporate decline from 2014’s profits of £37.7 million. Outlining 2015 impacts, Ladbrokes governance detailed that the company had paid circa £50 million in taxes due to increased duties on machine gaming …

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Ryanair replaces Ladbrokes as Cheltenham Festival World Hurdle sponsor

After a decade of sponsorship it has been announced that Ladbrokes will be replaced as the sponsors of the World Hurdle at next month’s Cheltenham Festival. Ryanair has been announced as the replacement sponsor, the airline is already a backer of the Grade One race on day three of the Festival. The Authorised Betting Partner scheme was introduced by racing in November …

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Ladbrokes Northern Ireland hit by £36 million loss

The Northern Ireland retail betting division of Ladbrokes Plc has posted losses of circa £36 million , just one year after it enjoyed strong profit.  Northwest Bookmakers, which is a subsidiary of Ladbrokes plc, saw its profits slump in the year to December 2014. The company, which trades as Ladbrokes, is the Northern Ireland’s largest bookmaker and holds around a quarter of all shop licences …

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UK CMA says NO to ‘Playtech influence’ investigation in Ladbrokes-Coral merger

Publishing an official statement regarding the merger of Ladbrokes-Coral, the UK Competition & Markets Authority (UK CMA) has declared that it will not investigate the position of industry technology provider Playtech Plc and any influence it may have on the deal. The UK CMA who are undertaking a Phase 2 review of Ladbrokes-Coral, were addressing concerns raised by a third …

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Ladbrokes set to lose historic sponsorship of Cheltenham Festival ‘World Hurdle Race’

Cheltenham Festival organiser, Jockey Club Racecourses (JCR) appears to be at loggerheads with Ladbrokes regarding the operator’s sponsorship of Grade 1 event ‘The World Hurdle Race (15.30 – St Patricks Thursday 17 March). Ladbrokes continued stand-off against UK racing’s proposed Authorised Betting Partner (ABP) scheme, has seen the bookmaker unable to renew its eleven year sponsorship of the race. JCR …

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British Racing rejects Coral offer after ABP row

The British Horseracing Authority has dismissed Coral’s offer for a flat 7.5% of its online and retail horseracing profits, labelling it an an “unrealistic realistic starting point” on the grounds that it would generate less for the sport than existing arrangements. The latest clash between racing and the bookmakers has been caused by the introduction of the Authorised Betting Partner …

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James Fleming – Quick payments ‘the most important retention tool available’

James Fleming, Commercial Director at emerchants Europe, talks about how his firm’s payment service has transformed the way customers get funds from bookmakers. Emerchants is providing gaming operators with the ability to give their customers instant access to funds via a prepaid card. Can you give a bit of flavour how it works? Our original goal was to dramatically improve …

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UK CMA grants Ladbrokes-Coral phase 2 fast track

The UK Competition & Markets Authority (UK CMA) has granted approval to the proposed fast-track of the planned Ladbrokes-Coral merger. The agreed deal which gained a 96% investor backing in December, will now be forwarded for an in-depth phase 2 investigation of Ladbrokes merger with Gala Coral assets, which includes Coral UK, Eurobet Retail and Gala Coral’s digital division. The …

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Kristof Fahy joins Ladbrokes as CMO

Ladbrokes is pleased to announce that Kristof Fahy has today joined the company as Chief Marketing Officer, leading on all brand and marketing activity across the Ladbrokes’ Digital and Retail offer. Kristof Fahy said: “I’m delighted to arrive at Ladbrokes at such an exciting time for the company. Ladbrokes has an extremely strong brand and I’m looking forward to building upon that strength with our …

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