Ladbrokes Appeals Robbery Compensation Ruling

Ladbrokes

UK Sports Betting giant, Ladbrokes, has criticized a landmark decision by a country court ordering the group to pay a betting shop cashier traumatized by armed robbers during a robbery which took place at Ladbroke’s shop in Walsgrave Road, Coventry at 6.30 pm on 5th November, 2007.

Kerry Nicholls was working at the shop when it was raided by two masked men armed with a handgun. After pointing the weapon at her, Kerry was forced to allow the gunman to go behind the counter where he demanded money from the safe, leaving her hysterical and physically sick.

Kerry was awarded an amount of £9,000 by a Walsall County Court Judge last May after suing her employers, Ladbrokes Betting and Gaming Limited for compensation for her psychological injury.

However, Ladbrokes is challenging the ruling made by the County Court in May, 2012, and has lodged an appeal before Lords Justice Jackson, Tomlinson and Floyd in the Appeals Court. The appeal was lodged because the payout was awarded to Kerry on the basis that Ladbrokes had failed to provide the staff at the shop with a safe working environment and should have employed a magnetic locking system with external CCTV – controlled by staff – on the door of the shop after the hours of darkness.

Catherine Foster, on behalf of Ladbrokes, has attacked the judge’s approach to the evidence as “wrong” as the shop, although classified as a low risk shop, was fitted with more security than a low risk shop would be. Foster added that the manager undertook a shop specific risk assessment only one month before the robbery.

The three judges have reserved their decision on Ladbroke’s appeal.

Sportech Appoints New Chief Financial Officer

Ladbrokes

Leading Walton based gambling operator and pools and tote gaming supplier, Sportech plc, has announced that it has appointed Cliff Baty as its Chief Financial Officer. Baty will be based at Sportech’s head office in London, UK, where he will report directly to Chief Executive Officer Ian Penrose.

The 42 year old Baty is currently with the Ladbrokes online and land gambling group where he is serving as Finance Director of Ladbroke’s international business and corporate development prior to which he served as Finance Director of Ladbroke’s eGaming business. All in all Baty has been with Ladbrokes for a period of seven years.

Before joining Ladbrokes, Baty was Group Financial Controller of Hilton Group plc.

Baty will commence his duties at Horseracing and Football Pools Group Sportech on 13th May, 2013 and will be replacing the current Finance Director, Steve Cunlife, who will be leaving Sportech on 6th March, 2013.

Baty qualified as a Chartered Accountant with Ernst & Young, where he worked for a period of 10 years.

Ian Penrose, Chief Executive Officer at Sportech, said that he was thrilled to welcome Cliff to the team. Penrose added that Cliff will be bringing considerable industry and financial experience to their company and that his appointment polishes off the restructuring of their senior management team.

Panmure Gordon, a Liverpool stockbroker, welcomed Baty’s appointment while analysts Simon French and Lindsey Kerrigan said that they view this as an excellent appointment which should further strengthen the group’s transformation into an international betting and gaming business.

Blue Square Put on the Market by Rank

Blue Square, the online sports bookie division of the Rank Group is currently running at a loss, partly due to the sports betting market being highly competitive.

Rank purchased Blue Square in 2003 and the company has approximately 120,000 patrons which is a small portion of the group’s income and continual market advertising is required in order to generate revenue. A huge marketing campaign worth £2 million increased revenue at Blue Square by 19% recently.

A proposed new tax regime that is due to take effect in 2014 is bound to see small sports betting operators such as Blue Square’s revenues to decline. Although operators such as Paddy Power, Betfair, Ladbrokes and William Hill will also feel the pinch it will not be to the same extent as smaller operators such as Blue Square.

Blue Square has, therefore, been put on the market by its owner, casino operator Rank who said that it would “undertake a review” of the business.

It is understood that Rank has begun early discussions with certain parties to sell Blue Square as the group would like to consolidate and focus its efforts on its casino and bingo brands, Grosvenor Casino and Mecca. Rank, like other operators, is completing a £205 million deal to buy Gala Coral’s casinos. The Competition Commission is due to hand down a ruling on potential monopolies in a few cities in the United Kingdom that would be created by the deal in February, 2013 but Rank officials appear to be pretty certain that the deal will be approved.

Online Management Changes Announced by William Hill

Ladbrokes

Leading UK bookmaker, William Hill, has announced that it is in the process of reshuffling its top level executives on its online gambling platform and William Hill Online will, therefore, see several important changes among its executive staff over the following few months.

William Hill Online is owned jointly by Playtech Plc. and changes at this site include the stepping down of its Chief Executive Officer and the appointment of a new Managing Director.

The changes among the William Hill management are as follows -

  • Chief Executive Officer, Henry Birch will step down from his position.
  • Jamie Hart will be appointed Director of Customer Experience and Innovation. His job will entail developing William Hill Online’s sportsbook and gaming platforms.
  • Andrew Lee, former Head of Mobile, will become new Managing Director of William Hill Online.
  • Hart’s position will be filled by Jurgen Reutter.

According to Ralph Topping, the Chief Executive Officer of William Hill, after having successfully grown the operational scale and product offering since 2008, the group now intends increasing their focus around their customers, including customer insight and services as well as personalization. Topping added that in view of the high proportion of current UK betting and gaming customers, focusing on their customers is a huge priority.

Jamie Hart, who has been appointed as William Hill Online’s Managing Director was part of the team that was responsible for developing the company’s first website prior to which he gained experience working with Coral and Ladbrokes.

Jurben Reutter, who will now be heading William Hill’s mobile platform, was previously Managing Director at the Buongiorno Group and will now be replacing Andrew Lee. Lee has now been appointed as Head of Development which will see him based in Gibraltar with several other William Hill Online staff members.

Sports Betting in UK Shops Dampened by Olympics

Ladbrokes

UK’s second-largest bookmaker, Ladbrokes, has revealed that blanket Olympic television coverage and cancelled horse races had greatly reduced the sums of money gambled in British betting shops.

Ladbrokes also reported that although the Olympics in London proved to be very popular amongst Britons it did not result in a surge in their business as most of the sports in the Games did not attract large numbers of gamblers to place bets.

The bookmaker said that amounts that were wagered in its British betting shops were down 4.9 percent in the three months running through September which covered the Olympics and the Paralympics. The cancellation of 38 horse racing meetings due to bad weather also contributed to the decrease in the amounts wagered.

According to Richard Glynn, Chief Executive for Ladbrokes, viewers were offered 24 hours of free, high quality TV sports which went on for approximately 5 weeks during the Olympics and Paralympics. Glynn added that this resulted in people preferring to watch TV rather than go out to the betting shops.

Glynn also reported that its quarterly operating profit had reached 49.2 million pounds ($ 79.5 million) while net revenue rose 3.9 percent.

Ladbrokes’ first version of its new online sports betting website was released successfully and it is planning to move customers on to the platform by the end of March, 2013. The bookmaker has also invested in excess of 50 million pounds on technology over the past two years and is hoping to start seeing a payback from its investment by next year.