UK bookie Ladbrokes is rumored to be in “turmoil” as they look at making redundancies in certain parts of the business. CalvinAyre.com has learned the company, as of today, put the entire Horse Racing Dealing Desk and Specials Team at risk of redundancy and an anonymous source told us the “place is in turmoil”. There will also be a further meeting tomorrow morning at 11 a.m. to further discuss the problems that are currently affecting the companies Trading Team and performance.
We contacted Ladbrokes to either confirm or deny whether this was the case and at the time of writing we hadn’t heard anything back.
So far 2012 has not been a particularly good one for the veteran bookie as they continue to lose ground on their age-old rival William Hill. The latter even gazumped them by completing a deal for Sportingbet – something that Richard Glynn’s firm failed so miserably at only six months previously. The year has also seen countless delays to the rolling out of new digital sportsbook that was originally slated for a release for earlier this year and at the last check, it was set to go live in Q1 2013.
The move could be linked to problems completing the roll-out of their new digital strategy and follows the company dismissing trading director Jon Thompson and also suspending horse racing product manager Mark Fogarty in the summer. Thompson has since been replaced and if the rumors are true it will heap further pressure on Glynn who has been criticized in some quarters since taking over ‘Project Galvanize’ when he was appointed back in April 2010.