UK business news sources have reported a 3% jump in Ladbrokes share price following a stock upgrade by investment bank Morgan Stanley. The investment bank yesterday upgraded its target price from 135p to 150p, stating that it saw scope for improved future performance and corporate value, owing to what it deemed as a digital turnaround for the operator led by …
Read More »
Following last week’s granted review of Ladbrokes Ireland examinership by bookmaker Boylesports, Irish business news sources have reported that Manchester independent bookmaker Betfred is studying a potential rival bid for the troubled retail betting division. The Irish Times had revealed Betfred as the third bidder in the ongoing examinership, however the newspaper has questioned whether Betfred governance will place a firm …
Read More »
Ladbrokes has been at the centre of takeover speculation this morning, following rumours of a potential £1.6 billion acquisition by rival Paddy Power. UK news source The Daily Mail had revealed the potential takeover bid by Paddy Power, which saw Ladbrokes Plc share price jump 5% to 127p (at time of writing). The takeover speculation had witnessed +25 million Ladbrokes …
Read More »
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 …
Read More »
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 …
Read More »
Ladbrokes continues to re-structure its senior management with the promotion of Head of Mobile Dipen Nagda to Head of Digital Products. Dipen who takes over digital product strategy will report to new Digital Director Andrew Bagguley. A mobile focused professional, Nagda re-joined Ladbrokes in 2012 as Mobile Sportsbook Product Owner, were he undertook an overhaul of the operators mobile strategy, reversing the …
Read More »
Ladbrokes Irish retail business restructure has come under fire, following complaints of ‘derisory’ compensation for landlords of closed retail premises. A group of Irish landlords is set to join forces and challenge Ladbrokes retail closure terms, claiming that the operator should pay a higher fee for terminating its lease agreements. Following last month’s review of its loss making Irish retail …
Read More »
Ladbrokes has announced the full roll-out of its ‘cash-out’ function following its successful trial period in April. The bookmaker had tested the product on its accumulator ‘My-Accas’ products during the month of April, allowing for customer to cash-out early priced winning on their accumulator bets. The operator revealed that more than 25,000 of its customers had used the cash-out function …
Read More »
A week after the country discovered that its next government was a Conservative majority one, independent consultant Warren Lush takes a look at how the election campaign played out for bookmakers. The dust has now settled on the UK 2015 General Election…well I suppose you could say that! How did the bookmakers fair and which companies can claim the campaign …
Read More »
The Scottish Professional Football League (SPFL) has confirmed that Ladbrokes will become its title sponsor for the next two seasons. The deal announced this morning is believed to be worth £4 million and will see Ladbrokes gain marketing coverage throughout Scottish football’s four professional leagues. SPFL football divisions had been without a sponsor since 2013, when the league was restructured. …
Read More »
SBC News Voice of the Sports Betting Industry