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TOUGH TIMES FOR LADBROKES

6/21/10 - Stories in the Irish media over the weekend illustrate the tough times being experienced by online and land gambling group Ladbrokes, which employs around a thousand people in its 284 Irish retail betting outlets.
 
The reports focus on a recent Labour Court finding that the gambling company should reverse its decision to cut staff overtime and public holidays pay rates from treble the normal salary to double in the case of public holidays, and to time-and-a-half for Sundays.
 
The bookmaker cut pay rates for Sundays and bank holidays after experiencing a 90 percent drop in profits last year, one newspaper reported.
 
Ladbrokes m.d. in Ireland, Joe Lewins, said that the court’s recommendation was not binding but would be considered. He said that every bookmaker in Ireland had made similar pay cuts as a result of the economic recession.
 
‘‘Along with the rest of the industry, we cut premium rates," said Lewins. ‘‘But, unlike most companies out there, no one has lost a job here and there have been no [standard] pay cuts."
 
The pay cuts followed a government decision to raise betting tax to 2 percent. While the tax increase has been delayed indefinitely, the company went ahead with the pay changes, saying it was necessary to retain jobs. Company employees challenged the decision, claiming that it was made unilaterally, whilst unions backed the challenge, alleging that the company was profitable and the betting tax increase had been deferred.
 
The Labour Court responded by recommending that Ladbrokes reverse its pay cuts and enter into discussions with its employees regarding job preservation.
 
Ladbrokes has closed six betting shops and intimated that another 35 closures may be necessary if the pay decision is reversed. The publicly listed firm posted revenues of Euro 478 million in Ireland in 2008, and made a profit of Euro11.6 million, The Post.ie reports.
 
‘‘The market is in freefall. But we will work hard and we will come out the other end," Lewins told the newspaper.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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