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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.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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