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Ladbrokes

  • Ladbrokes owner Entain ‘lines up’ first female gambling boss

    January 14, 2021

    Ladbrokes owner Entain is said to be lining up the first female chief executive of a major listed UK gambling firm as it pushes back against a £8bn takeover approach from MGM. Entain, formerly known as GVC, is in advanced talks to appoint board member Jette Nygaard-Andersen as its new boss, Sky News reported. It [...]

  • Ladbrokes owner CEO to leave after just seven months for DAZN

    January 11, 2021

    Ladbrokes owner Entain this morning said its chief executive Shay Segev will leave after just seven months in the position. Segev will exit after a six-month notice period to join sports streaming platform DAZN as Co-CEO, only days after Entain rejected an £8bn approach from MGM. Chairman of Entain Barry Gibson said, “We are sorry [...]

  • Ladbrokes owner makes £250m bid for Enlabs after shunning MGM

    January 7, 2021

    The owner of British betting firm Ladbrokes has made a £250m takeover bid for Swedish rival Enlabs, just days after rejecting an £8bn approach from MGM. Entain today said it is offering 40 Swedish krona for each share of Enlabs, which specialises in sports betting. This values the company at roughly 2.8bn krona (£250m), marking [...]

  • Ladbrokes owner Entain rejects £8bn MGM takeover bid

    January 4, 2021

    The owner of British betting company Ladbrokes has rejected an £8bn takeover approach by US casino giant MGM. Entain, which also owns betting and gambling brands such as Coral, Bwin and Partypoker, confirmed the offer this morning but said it “significantly undervalues the company and its prospects”. It added that it had asked MGM to [...]

  • GVC warns that new lockdown could cost it £43m

    November 2, 2020

    Gambling giant GVC has warned that it will lose £43m if all of its betting shops have to close due to the new coronavirus lockdown. The Ladbrokes and Coral owner said that its forecasts took into account new government support schemes. Under the new restrictions announced on Saturday, GVC will have to close all its [...]

  • Ladbrokes owner GVC raises full-year outlook as online gaming surges

    October 8, 2020

    Ladbrokes owner GVC Holdings has raised its full-year outlook as revenue jumped 12 per cent in the third quarter helped by a surge in online gaming and sporting events.

  • Online growth offsets betting machine sales slump for Ladbrokes owner GVC

    January 17, 2020

    Ladbrokes owner GVC Holdings this morning said full-year profit will be at the top end of guidance following strong growth in its online business. The betting firm said full-year earnings before tax, interest, depreciation and amortisation is expected to be at the top end of upgraded guidance of £670m to £680m.  Online net gaming revenue [...]

  • Ladbrokes owner GVC upgrades earnings forecast

    October 9, 2019

    GVC, the owner of Ladbrokes Coral, upgraded its full-year earnings guidance as the gambling giant reported an increase in over-the-counter trading following a government crack down on betting machines.  The company increased its full-year guidance range to between £670m and £680m, from a previous estimate of £650m to £670m. Read more: GVC hit with £5.9m [...]

  • GVC lifts earnings forecast as it escapes impact of betting cap

    August 15, 2019

    Ladbrokes Coral owner GVC has upgraded its full-year earnings forecast as it weathered the impact of a new regulatory cap on fixed-odds betting terminals. The figures GVC reported pre-tax profit of £212m for the first half of the year, up 31 per cent from 162.1m in the first half of 2018. Revenue at the gambling [...]

  • Cash out: Troubled Ladbrokes boss takes a punt on cutting pay in bid to stop investor revolt

    May 29, 2019

    The chief exec of betting firm Ladbrokes is set to forego around £150,000 as he takes a gamble designed to quell shareholder unrest over his pay. Kenny Alexander, boss of Ladbrokes’ owner GVC Holdings, has agreed give up the majority of a recent pay rise from £750,000 to £950,000 after talks with the company’s board, [...]

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