Tag: ladbrokes
William Hill living in the stone age
It was with some amusement that I read that William Hill were complaining that the merger between Ladbrokes and Coral was anti competitive.
The main thrust of their argument was that a merger between the two was blocked in 1998 and that: –
“It is important to recognise that the structure of the market has changed relatively little since 1998,” William Hill said, adding that there were 8,983 betting shops in Britain then, compared with 8,958 last year.”
I’m guessing …
Ladbrokes and Coral agree £2.3bn merger
News out this morning that after talks, Coral and Ladbrokes will go ahead with their merger.
To fund the deal Ladbrokes will offer 93 million new shares to investors, representing 10% of the company. Ladbrokes will issue new ordinary shares to existing Coral shareholders representing 48.25% of the enlarged company. Existing Ladbrokes shareholders will then own 51.75% of the enlarged company.
The move will mean that the new company will be bigger than the current incumbent William Hill. In terms …
Using Bet Angel on the Ladbrokes exchange
With the launch of the new Ladbrokes exchange, we’ve had lots of people asking if we are going to produce Bet Angel for Ladbrokes?
But, in fact, we have already and it’s free. Basically BETDAQ Angel is already compatible with Ladbrokes because the Ladbrokes exchange is based on the Betdaq exchange model. All bets on the Ladbrokes exchange feed into Betdaq and vice versa.
So you can see how, we thought we would show you what happens on the Ladbrokes …
Ladbrokes ready exchange for launch
Activity picking up on Ladbrokes on what appears to be a launch, ahead of schedule, of the exchange that was touted at their results as I documented a little while ago.
A quick browse of the Ladbrokes website shows that the tab has already been added to the site ahead of the launch. So what do we expect to see?
Well, you may or not know, that Betdaq is actually intertwined with the ‘Global betting exchange’. The concept being …
Ladbrokes exchange to launch early 2014
Ladbrokes interim results were out early this morning. A little lacklustre TBH after their recent restructuring. But the thing that catches the eye is: –
“In February we completed the acquisition of the Betdaq betting exchange and are making good progress in developing it as a standalone business. We are on track to introduce a Ladbrokes exchange product to run alongside our existing fixed odds sportsbook early in 2014, creating a more comprehensive and strategically differentiated sports betting offer for …
Ladbrokes complete Betdaq purchase
Haven’t they already I hear you say? No, that was an offer to buy, from there follows due diligence and various other bits and bobs.
Here is the offical announcement – https://otp.investis.com/clients/uk/ladbrokes/rns/regulatory-story.aspx?cid=262&newsid=324294
So from 1st March Betdaq officially became part of Ladbrokes. Let the fun and games commence!
Ladbrokes Betdaq play becomes clearer
I know it wouldn’t have been on many of your calendars, but when my iPhone made an annoying noise this morning it was to remind me that Ladbrokes results were out this morning.
I listen to, attend and read a lot of results. It’s a hobby of mine that pays well. But on this occasion I was more interested in what Ladbrokes would say about their acquisition of Betdaq. Not a great deal was the completely honest answer, but Ladbrokes …
Have your say on the future of BETDAQ
With all the fuss and conjecture about the Ladrokes takeover of Betdaq we are all eagerly awaiting a clear view on what path both will take in the future.
Yesterday Betdaq popped into our forum to solicit views from Bet Angel users.
To quote – “We are writing to you to invite you to engage with us as we begin to plan the transformation of the BETDAQ exchange after the completion of our acquisition by Ladbrokes.”
I’d encourage you to …
Ladbrokes buys Betdaq
Major, but not totally unexpected, news in the betting exchange world this morning.
I really felt that exchanges could change everything when I first started using them, but lately it almost felt like they were regressing to a standard betting model! I am hopeful that this news will breath new life into the betting exchange concept and allow things to start moving forward again in a more positive manner than we have been used to in recent years. While we …
Ladbrokes confirm talks with Betdaq
In a brief statement issued today Ladbrokes confirmed the long runner rumours that have been around for some time, that they ARE in talks to acquire Betdaq.
The short statement said: –
“The Board notes repeated press speculation regarding Betdaq. Ladbrokes enjoys a close commercial cooperation with Betdaq and can confirm discussions regarding a potential future acquisition.
Negotiations are ongoing though at this stage there is no certainty that an agreement will be reached.
Any further announcement will be made …
Ladbrokes in talks with Betdaq
Not as dramatic as it first seems when you read the headline, but interesting nonetheless: –
For the full story click on the following URL: –
If you fancy giving Betdaq a try download BetDaqAngel. It’s top notch trading software for Betdaq and it’s free. It received a major upgrade last year. Lots of clever features including an Excel link that allows you to trade multiple markets simultaneously from a spreadsheet.
Snooze to lose
I quite like novelty bets as they are difficult to price, but I missed this one yesterday. In hindsight an opportunity missed!
https://www.guardian.co.uk/politics/
Ken Clarke netted a punter a decent return at 16/1 by officially / unofficially falling asleep during the budget speech yesterday. Some of these other more esoteric bets didn’t come in.
Ladbrokes results
There is a summary here: –
https://www.bbc.co.uk/news/business-12490900
Or the full detail here: –
https://www.ladbrokesplc.com/media-centre/press-releases/releases-2011/2011-02-17.aspx
A mixed bag of results, but pretty good given the underlying weakness in core markets. Labrokes is still 3-4 times the size of Betfair depending on how you measure it.
Ladbrokes results
Not much time to comment on the Ladbroke results but here they are.
An interesting graph in the presentation on UK race meetings that have been abandoned which just seems to be headed in one direction only!!! Your average Ladbrokes punter slaps less than a £10 on the counter per bet. I think this goes to highlight why Betfair will always struggle to reach this type of customer. Ladbrokes e-gaming division had a gross win of £172m vs. Betfair’s …
Lack of draws hit Ladbrokes
Full management statement by clicking this link.
Ladbrokes reported 15% lower revenues. They blamed poor margins on horse racing and “exceptionally low” margins on football bets, due to the low number of Premier League draws. In the first 66 games in the Premier League season, only been four draws, just 6% of the total. This compares with the five-year average of 25%.
Ladbrokes are looking to cut their near on £1bn in debt by raising £275m from shareholders, cutting …
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