Business
The chief executive of Ladbrokes, is stepping down after almost 20 years
Chris Bell (chief executive), who joined Ladbrokes in 1991 and became managing director four years later, will leave in the summer by “mutual agreement” according to a company executive. Ladbrokes is expected to issue a statement today. One insider said: “Chris has done the job longer than most chief executives. He’s had enough, simple as... »
Everest Poker and Mangas Gaming will join forces
Shortly after news broke of a rumored merger between online gaming companies bwin AG and PartyGaming Plc , an announcement about a definitive business deal between EverestPoker.com and Mangas Gaming hit the newswire. Play online poker at www.bet-at-home.com The deal marks the long-awaited move into the gaming space by the parent company of European sports betting... »
PartyGaming Plc a Double Winner at the EGR Awards
PartyGaming Plc is proud to announce that its flagship PartyPoker product was voted ‘Poker Operator of the Year’ at last night’s eGaming Review Awards (EGR). Additionally, Cashcade, which PartyGaming acquired in the summer, took top honours in the bingo category with its Foxy Bingo site beating off stiff competition. The independent judging panel for the... »
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Betclick, Expekt, Bwin and Unibet Sponsorship Threat in Poland
Betting journalist Filip Sosnowski explained that the extent of any ban will become clearer in the next two weeks after the Polish parliament has debated the proposal. A range of high profile sports betting brands including , Mangas Gaming’s, Bwin.com, Betclick, Unibet.com, Expekt and Bet at Home have their football sponsorship deals under... »
Gold continues to glitter
Gold bulls seem ever more determined to push the metal higher amid statement from Fed Chairman Ben Bernanke that rates are expected to remain at exceptionally low levels even when the economy will recover. The statement folded back many speculations on rate hikes and pushed the shiny metal just 3$ shay of the 1100$ mental... »
Liverpool Football Club Signs Sponsorship Deal With 188BET
Liverpool has become the latest English Premier League club to sign a sponsorship deal with an online gambling operator after announcing a betting partnership with 188BET. The deal, which was announced Wednesday, will run for an initial three-year period and comes after EPL champion Manchester United signed a similar partnership with betting exchange brand... »
Betsson’s year-to-date performance
The Swedish gambling group Betsson has delivered another solid quarterly result, posting Q3 2009 numbers that show a 17 percent rise in pre-tax income to SEK 79.6 million (Q3 2008: SEK 68.2 million). The company, which offers online poker, casino and sportsbetting services reported an impressive overall increase of 26 percent in third quarter revenues... »
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Ladbrokes in successful cash call
Shareholders in have agreed to buy more than 95% of the shares offered in a £375m rights issue. The company had announced plans for the cash call on 8 October to cut its debt. Ladbrokes has seen revenue fall in recent months, hit by “exceptionally low” margins on football bets, due to a low number of... »
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