Fred Done, owner of Betfred, Britain’s fourth biggest bookmaker (soon to be third when the Ladbrokes-Coral merger happens) is back at the reins of the company after the sudden departure of CEO John Haddock.
A new survey conducted on behalf of the leisure team at Morgan Stanley shows value of retail but also demonstrates that bonuses and promotions remain the most important sign-up factor
The merger between Ladbrokes and Coral, which is set to happen in the autumn after the Competition and Markets Authority (CMA) gave its blessing, will put the group on an even setting with main competitor William Hill, but it will be better placed to grow in the future.
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GVC said it is an ideal position to become a major B2B supplier as it announced a “significant” deal to provide Betfred’s sportsbook and online gaming platform for the next decade.
Betfred has prepared for the expected Christmas spike in Apple Watch ownership by releasing its first app for the wearable device.
Betfred is interested in increasing its retail base through the likely compulsory sale of shops owned by Ladbrokes and Coral ahead of their merger.
Betfred has announced plans to close a UK call centre, with more than 100 jobs affected.
Betfred has revealed it was able to post turnover of £13.2bn (€18.8bn/$20.9bn) during the 18 months through to September 2014, despite having to contend with increased taxation, regulation and a competitive market during the period.
Andrew Daniels has been fortunate enough to benefit from the guidance and financial backing of Fred Done since he left his position as head of mobile at gambling company Betfred to launch his own digital agency Degree 53 in 2011.