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Ladbrokes Stock

The lacklustre performance of the UK gambling group Ladbroke's shares could receive a fillip in the coming week, when the company repays a GBP 351 million bond - a sign that the company still has cash-generating capability despite its low share price, near GBP 1 billion debt burden and last week's Fitch downgrade of the stock after a miserable May trading statement.
 
Over the weekend the business section of The Telegraph newspaper reported that the UK gambling sector had been hit by a dramatic fall off in consumer spending that has forced private equity owners to write off their stakes in Ladbrokes rival Gala Coral.
 
Ladbrokes, which has a total of 2 700 betting shops in the UK and overseas and takes GBP 14 billion in stakes each year, has net debt of GBP 900 million, already down by GBP 87 million from a December 2008 repayment.
 
The bonds will be paid on July 17 by drawing down cash from a new GBP 500 million bank facility, a Ladbrokes spokesman revealed. The bookie also has an additional loan of GBP 350 million that must be re-paid in 2011 ands GBP 250 million bond with a hefty 7.1percent interest charge due in 2012.
 
This month's bond re-payment will, however, give the group time to refinance its re-packaged debt burden.



Gambling News :

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

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