Eight years ago, Ladbrokes took a shine to the UK’s second largest betting exchange, Betdaq, parting with £25 million for the company which went into the pocket of Dermot Desmond, the man who started it all. It has now been confirmed that the betting exchange is heading right back to where it came from, only…
You might well think that robbery on this scale would be impossible in this day and age, with all the security technology that can be built into computers and the improvements in CCTV etc. However, a group of four have managed to steal £663,556 from betting shops up and down the UK using a bank…
The online gambling American gold rush continues with the latest takeover bid for a UK company. Ladbrokes and Coral owner, Entain, turned down a bid from their own American partner MGM earlier in the year, saying that the £8 billion offered significantly undervalued the company, but now a new suitor has taken up the scent….
The University of Bristol is the latest organisation to carry out a study into some facet of the gambling industry, and their focus was on exactly where high streets shops are located. Unsurprisingly (for most people anyway) they found that the poorest towns in the UK had the greatest number of bookmakers. In fact, betting…
When Michael Dugher, the chief exec of the Betting and Gaming Council (BGC), warned the government they risked “sleep walking into a black market disaster” if regulations were tightened too severely, it created quite a stir. Anti gambling campaigners accused him of exaggerating the risk posed by black market gambling websites in order to influence…
If someone offered you £8.1 billion for your business would you sell it? Entain (the new brand name of GVC) wouldn’t. MGM Resorts yesterday put the huge offer on the table, but were knocked back by the owners of brands such as Ladbrokes, Coral, and Betdaq. Entain believe the offer, representing £13.83 per share, does…
