Tag Archives: Jim Mullen
- Dismal over-the-counter wagers dampens Ladbrokes Corals Q1 revenue
May 4, 2017
Revenues of British bookmaker Ladbrokes Coral was in for a gallop until it hit a bump that forced it to fumble by the end of the first quarter. Ladbrokes Coral announced on Thursday that a tough high street environment dampened its first quarter net revenues, which rose a modest five percent. The...
- Ladbrokes posts first annual loss in a decade but CEO touts underlying growth
February 23, 2016
UK bookmakers Ladbrokes announced their first annual loss in a decade as the company fights to turn around its languishing digital operations. In preliminary results released on Tuesday, Ladbrokes announced a pre-tax loss of £43.2m in 2015, a dramatic shift from 2014’s £37.7m profit. The numbers were dragged down by...
- Paddy Power, Betfair strikes deal on potential merger
August 26, 2015
Former rivals Paddy Power and Betfair are planning to create one of the world’s largest betting and gaming companies. The London Stock Exchange made the announcement on its website on Wednesday. Under the terms of the merger, Paddy Power shareholders will hold 52 percent of the combined company, while Betfair shareholders...
- Ladbrokes agrees to a £2.3b merger with Gala Coral
July 24, 2015
Ladbrokes has agreed to buy Coral Group in a £2.3b share-exchange deal, creating the biggest bookie in Britain in terms of the number of betting shops. The combined business, which will be listed on the stock exchange as Ladbrokes Coral Plc., creates a company with £2.1b annual net revenue. Ladbrokes said...
- Ladbrokes to streamline international operations
June 25, 2015
Following a cost and efficiency review, UK-listed bookmaker Ladbrokes has announced plans to restructure its international operations. Under the plans, Damian Cope will step down from his position as managing director international and nine roles in the centrally based International team will be placed at risk of redundancy. Cope has...
- Ladbrokes, Gala Coral Group confirm merger talks
June 22, 2015
UK gambling firms Ladbrokes and Gala Coral Group have confirmed they are in discussions regarding a potential merger. News of the talks was broken on Monday by the Racing Post and subsequently confirmed by Ladbrokes CEO Jim Mullen, who released a statement saying a merger “could create a combined business...
Ladbrokes Australia fined (again) for inducing gamblers
April 7, 2017