Wednesday, January 20, 2021

Tag: ladbrokes coral

Entain confirms MGM takeover offer

Entain MGM offer
Entain, formerly GVC, has stated that a £8.1bn takeover bid from US casino operator MGM Resorts “significantly undervalues” the company and its assets.

UK bookmakers increase funding for problem gambling treatment

Bookmakers FOBT
Whether it’s too late in coming, it has at least finally come. The leading bookmakers have made good on their promise to raise their contribution to funding

Scientific Games completes Ladbrokes Coral integration

Scientific Games, Ladbrokes Coral, business, integration
Scientific Games Corporation has announced the successful roll-out of its Equinox terminals across the Ladbrokes Coral estate. Hailed as “the biggest ever gaming supply deal in the licensed betting office sector,” the integration forms part of the seven- year agreement between Scientific Games and the bookmaking group. “We are proud to work closely with Ladbrokes Coral, and the large-scale roll-out of...

SG Gaming sign landmark deal with Ladbrokes Coral

SG Gaming has announced a momentous seven-year deal with Ladbrokes Coral Group that will see the continuation of its terminal, content and service supply deal with the bookmakers. SG Gaming has signed a landmark seven-year agreement with Ladbrokes Coral Group to continue to supply its cutting-edge terminals, content and service. The agreement is a significant one for both companies and will...

SG Gaming and Ladbrokes Coral Group agree landmark 7-Year Deal

SG Gaming Equinox
SG Gaming secures largest single UK Licensed Betting Office gaming supply deal including roll out of Equinox terminal range. Scientific Games Corporation has announced the Company's UK division, SG Gaming, has signed a landmark seven-year agreement with Ladbrokes Coral Group to continue to supply its cutting-edge terminals, innovative content and industry renowned service. The agreement is a significant one for both...

Reflex respond in confident mood to upbeat ICE

Reflex Gaming ICE Leander
Mat Ingram, Chief Product Officer at Reflex Gaming, has praised last week’s edition of ICE London for its ability to deliver what he described as ‘a continuous flow of serious gaming professionals throughout the length of ExCeL and the duration of the show.’   Reflex, which is active in both online and land based gaming verticals, used the comprehensive platform provided...

1,600 Ladbrokes Coral jobs under threat from GVC takeover

ladbrokes jobs
Hundreds of jobs could be up for the chop should GVC’s takeover of Ladbrokes Coral go through, the bookmaker admitted in a new outline of the deal.   Although the deal is expected to fetch a potential £3.9bn, the two companies said up to 6 percent of their combined 26,800 workforce - around 1,608 staff - could lose their jobs. The...

High stakes: GVC to buy Ladbrokes Coral for a potential £4bn

Scientific Games, Ladbrokes Coral, business, integration
GVC is set to buy Ladbrokes Coral in a game-changing deal for the UK betting industry.   Should the acquisition go ahead, shareholders in GVC - which owns the Bwin, Sportingbet and Foxy Bingo brands - will hold 53.5 percent of the combined group. Ladbrokes Coral chair John Kelly said: “Ladbrokes Coral board believes that the proposed combination with GVC accelerates our...

GVC in talks to buy Ladbrokes Coral

ladbrokes coral
In an move that could turn Ladbrokes Coral into a company worth nearly £4bn, the UK betting giant is in “detailed” talks for a takeover by online competitor GVC.   Under the proposals, GVC - which owns the Bwin and Sportingbet brands - would hold 53.5 percent of the combined group. The move could lead the biggest shake up of the UK...

Gala charged £2.3m after two customers gamble stolen money

gala-coral-interactive stolen
Gala Interactive will pay £2.3m after failing to take action over two problem gamblers, who gambled away around £1.3m of stolen money.   One customer lost £837,545 over 14 months and the other lost £432,765 over 11 months while playing Gala's online games. The Commission said Ladbrokes Coral, which owns Gala Interactive, failed to have in place written policies and procedures that could...

Ladbrokes Coral enlists bankers for advice before FOBT review

ladbrokes coral
Ladbrokes Coral is currently reviewing all corporate options in preparation for next month’s UK government triennial review of the industry FOBTs wagering and advertising standards.   Yesterday, the Sunday Times reported that the company’s governance has hired Deutsche Bank, Greenhill, and UBS as corporate advisers on "consolidation matters" in preparation for the government’s decision. The move follows concerns that the government will force a...