Ladbrokes and Coral agree merger

[conker]

So two of the UK's biggest bookmakers have merged.

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Will they be able to get their act together online? I notice that the Ladbokes CEO Jim Mullen is going to stay in charge, so my guess is probably not.

Oh and for Coral affiliates, there is a likelyhood that your links will all be farmed out to where Ladbrokes are based.

 

[fun4all]

So two of the UK's biggest bookmakers have merged.

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Thanks for that link conker.

It's ridiculous this merger has been blocked for years by the UK Government but now all of a sudden it is allowed to go ahead .

This is bad for the customers, less choice again. I don't know how it will affect affiliates but presumably not the best news either.

and I mean look at this

Bookmakers Ladbrokes (LAD.L) and Gala Coral agreed to merge on Friday, creating a 2.3 billion pound ($3.4 billion) business which will be Britain's largest high street betting group and better equipped to compete in the growing online market

Followed by

Ladbrokes also said...........it had decided to cut its full-year dividend of 8.9 pence per share to 3p

Shareholders be mad imo. Ladbrokes have been getting what they deserve in recent years, hope that continues.

 

[RichyJ75]

Ok, quick question on this.

What if a player had a Ladbrokes and Coral online account when they were separate entities, but closed/excluded from the Ladbrokes account and kept playing at Coral's. When the merger takes place, would they close the Coral account as part of their responsible gaming policy as they would say the player has excluded themselves from another casino in their group?

 

[Casino2014man]

Ok, quick question on this.

What if a player had a Ladbrokes and Coral online account when they were separate entities, but closed/excluded from the Ladbrokes account and kept playing at Coral's. When the merger takes place, would they close the Coral account as part of their responsible gaming policy as they would say the player has excluded themselves from another casino in their group?

I would imagine that is what they will do.

I find this really annoying, as one of these accounts was closed for me, but not the other..

 

[conker]

Made me chuckle, looks like Playtech bosses saw the news this morning and now want paying:

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Agreement in relation to an early determination of amounts due to it under marketing services agreement between ptts and Ladbrokes Group dated March 2013 at a level of 75 million stg

 

[RichyJ75]

I would imagine that is what they will do.

I find this really annoying, as one of these accounts was closed for me, but not the other..

Yep, it is annoying as I appreciate the rules of self exclusion, but if I don't want to play at a casino for whatever reason (normally if streamlining current casinos being played at) I normally exclude from it for 6 months or so as I don't like 'open' accounts dotted about which I will not be monitoring, especially if my bank details are saved there.

I used to play a fair bit on Playtech games and had accounts open at say Winner, Ladbrokes, Coral, etc, but now have a preference for NetEnt and alike, so closed my Ladbrokes account and just play at Coral every so often. Oh well, better look into it!

 

[KasinoKing]

I don't know how it will affect affiliates but presumably not the best news either.

Ladbrokes already screwed over their affiliates more than once in the past - I doubt that are very many still working with them anyway.
The latest shafting I got personally was when they retroactively changed my contract to include NCO, which meant I have earned £0.00 for the last 18 months, despite having active referred players every single month.

So for me this merger is very good news - now I can dump Ladbrokes and Coral in one foul swoop. One less thing to worry about. Sometimes it's good to just let something go and move on. This relationship is over.

KK

 

[knowyourbets]

Ladbrokes already screwed over their affiliates more than once in the past - I doubt that are very many still working with them anyway.
The latest shafting I got personally was when they retroactively changed my contract to include NCO, which meant I have earned £0.00 for the last 18 months, despite having active referred players every single month.

KK

I've read a lot of people saying similar things but I've not encountered anything like this. Coral converts a great deal better than Ladbrokes but as for being shafted I just haven't really got a bad word to say.