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Richard Glynn new ladBrokes Cheif
3/29/10 - Months of speculation came to a head this weekend with the widely reported UK news that Richard Glynn (45) has been tapped as the new chief executive of major online and land gambling group Ladbrokes.
Glynn is currently chairman of Sporting Index, a UK spread-betting company, and is reportedly finalising his contract. Most UK news agencies and newspapers speculate that his appoinment will be formally announced by Ladbrokes this coming week.
The consensus appears to be that Glynn will take over from predecessor Chris Bell sometime in April, with Bell departing the company after nine years of service following its agm in May.
A lawyer by professional discipline, Glynn has a wealth of experience in the online gambling milieu, an area where Ladbrokes has strong future ambitions. His track record in growing Sporting Index, and especially its mobile operations, is thought to have appealed to Ladbrokes chairman Peter Erskine, who led the hunt for Bell’s replacement.
Glynn was the analysts' favourite for the Ladbrokes job, along with Andy Harrison, the departing chief of budget airline EasyJet who is to lead the Whitbread hospitality group. Other contenders were Richard Segal, former head of Odeon cinemas; Carl Leaver, a former executive at De Vere; and internal candidates that included Brian Wallace, Ladbrokes' finance director, and John O'Reilly, head of the group's online operation.
Under Glynn, Ladbrokes will be expected to improve an online offering that has slipped behind rivals such as Bet365. In January Ladbrokes reported a 32 percent fall in annual pre-tax profits to GBP 174.1 million (see previous InfoPowa report) that was blamed mainly on the economic recession.
Last October Ladbrokes raised GBP 274.6 million in a rights issue. The company employs 15 000 people and is one of the world's largest betting groups with 2 700 betting shops in Britain, Ireland, Belgium and Spain.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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