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http://www.thesocialgambler.com/2013/01/07/breaking-news-ladbrokes-confirm-****-acquisition-talks/
Did anyone read Saturday's Times article about it?
Did anyone read Saturday's Times article about it?
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Sorry for the repeat.
The other thread didn't show for a while and I presumed that "purple" had been added to bf's forum banned words list
The other thread didn't show for a while and I presumed that "purple" had been added to bf's forum banned words list
In today's online Telegraph too.
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/9784712/Ladbrokes-in-talks-to-buy-betting-exchange-****.html
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/9784712/Ladbrokes-in-talks-to-buy-betting-exchange-****.html
Sorry - didn't check the cut and paste:
http://www.thesocialgambler.com/2013/01/07/breaking-news-ladbrokes-confirm-****-acquisition-talks/
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/9784712/Ladbrokes-in-talks-to-buy-betting-exchange-****.html
http://www.thesocialgambler.com/2013/01/07/breaking-news-ladbrokes-confirm-****-acquisition-talks/
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/9784712/Ladbrokes-in-talks-to-buy-betting-exchange-****.html
Ah, I see. The missing word, unsurprisingly is "****". Withouth the hyphens, obviously.
AAAAAARRRRGGGHHHHHH!!
It's the real name for Purple.
It's the real name for Purple.
Surprised he has not made a bid for Pompey yet:
Mr Glynn has already walked away from four online deals since taking over as chief executive in April 2010. He made takeover approaches to 888 and Sportingbet before backing out, pulled out of the auction for Australia's Centrebet and had a flirtation with Playtech.
Mr Glynn has already walked away from four online deals since taking over as chief executive in April 2010. He made takeover approaches to 888 and Sportingbet before backing out, pulled out of the auction for Australia's Centrebet and had a flirtation with Playtech.
I'll put this here too then:
Seems to be Times on Saturday 5/1
The poor run of luck on acquisitions endured by Richard Glynn since he became chief executive of Ladbrokes almost three years ago might be about to change.
Having spent much of his first 18 months in the job in abortive talks to buy the bookmaker’s internet rivals 888 Holdings and Sportingbet, he is understood to be weeks away from agreeing an estimated £30 million deal to swallow ****, the betting exchange controlled by Dermot Desmond.
The two companies already have a commercial relationship, under which Ladbrokes uses the betting exchange to hedge the bets it takes in its shops and over the internet. **** is also said to provide its partner with market information on online trading.
Talks over an outright takeover are believed to have started almost a year ago but there had been rumours that a deal had fallen apart. One suggestion was that the two sides were divided over the inclusion of ****’s “white label” business, which runs exchange operations for smaller bookmakers.
However, analysts said last night that most of the big issues appeared to have been resolved and that the finishing line could be in sight. One said: “Word is we could see a deal at the end of this month or early next.”
Mr Glynn, a former chairman of Sporting Index, will be keen to conclude a deal with **** after spending months in ultimately unsuccessful talks to acquire 888, then Sportingbet. To make things worse, William Hill pounced on Sportingbet and is close to completing a deal to acquire its lucrative Australian and Spanish operations.
**** would be a much smaller transaction, but having a person-toperson betting exchange could help Ladbrokes to make more from its existing fixed-odds customers, many of whom already use **** or Betfair, which has just launched its own fixed-odds website.
One racing industry insider said: “**** is not going to transform Ladbrokes’ fortunes, but it would provide a useful extra service to existing punters. There could also be an opportunity to roll out **** into some international markets.”
Global Betting Exchange, which trades as ****, was set up by Mr Desmond 13 years ago in Dublin as a rival to Betfair, although it remains a minnow by comparison and is understood to be loss-making. It claims to offer odds up to 20 per cent better than a traditional bookmaker.
A deal over **** would be given added piquancy because Mr Desmond is also one of Ladbrokes’ biggest individual shareholders, with a stake estimated at between 2 per cent and 3 per cent.
Although Mr Glynn has overseen a revival in the bookmaker’s high street betting shops, his failure to snare either 888 or Sportingbet has left Ladbrokes trailing in the digital stakes behind William Hill, Bet365 and Paddy Power.Since the collapse of the Sportingbet talks in 2011, Ladbrokes has focused on developing an effective digital platform of its own, although the £50 million project has been hit by delays.
Seems to be Times on Saturday 5/1
The poor run of luck on acquisitions endured by Richard Glynn since he became chief executive of Ladbrokes almost three years ago might be about to change.
Having spent much of his first 18 months in the job in abortive talks to buy the bookmaker’s internet rivals 888 Holdings and Sportingbet, he is understood to be weeks away from agreeing an estimated £30 million deal to swallow ****, the betting exchange controlled by Dermot Desmond.
The two companies already have a commercial relationship, under which Ladbrokes uses the betting exchange to hedge the bets it takes in its shops and over the internet. **** is also said to provide its partner with market information on online trading.
Talks over an outright takeover are believed to have started almost a year ago but there had been rumours that a deal had fallen apart. One suggestion was that the two sides were divided over the inclusion of ****’s “white label” business, which runs exchange operations for smaller bookmakers.
However, analysts said last night that most of the big issues appeared to have been resolved and that the finishing line could be in sight. One said: “Word is we could see a deal at the end of this month or early next.”
Mr Glynn, a former chairman of Sporting Index, will be keen to conclude a deal with **** after spending months in ultimately unsuccessful talks to acquire 888, then Sportingbet. To make things worse, William Hill pounced on Sportingbet and is close to completing a deal to acquire its lucrative Australian and Spanish operations.
**** would be a much smaller transaction, but having a person-toperson betting exchange could help Ladbrokes to make more from its existing fixed-odds customers, many of whom already use **** or Betfair, which has just launched its own fixed-odds website.
One racing industry insider said: “**** is not going to transform Ladbrokes’ fortunes, but it would provide a useful extra service to existing punters. There could also be an opportunity to roll out **** into some international markets.”
Global Betting Exchange, which trades as ****, was set up by Mr Desmond 13 years ago in Dublin as a rival to Betfair, although it remains a minnow by comparison and is understood to be loss-making. It claims to offer odds up to 20 per cent better than a traditional bookmaker.
A deal over **** would be given added piquancy because Mr Desmond is also one of Ladbrokes’ biggest individual shareholders, with a stake estimated at between 2 per cent and 3 per cent.
Although Mr Glynn has overseen a revival in the bookmaker’s high street betting shops, his failure to snare either 888 or Sportingbet has left Ladbrokes trailing in the digital stakes behind William Hill, Bet365 and Paddy Power.Since the collapse of the Sportingbet talks in 2011, Ladbrokes has focused on developing an effective digital platform of its own, although the £50 million project has been hit by delays.
what do people think about this who use it instead of here? looks like the 2% deal for api users be gone soon
but they could be a force with fair commission, interesting to see how this plays out but initial thought is bad news a major bookie taking over 
but they could be a force with fair commission, interesting to see how this plays out but initial thought is bad news a major bookie taking over
They will find that purple had a customer who took their iphone to kazakstan and logged on thus exposing laddies to a litigation risk and will back out as per usual.
Can't see how this is possibly good news, as what shrewdie in their right mind would mark Laddies card for them?
probably been asked before, but does anyone know why there has never been a serious rival to betfair and I don't mean purple who couldn't run a bath, cos betfair turnover a decent profit but people do nothing but complain about them so although I know liquidity attracts liquidity as someone has said - you;'d think they;d be a few multimillion pound entrepreneurs who'd give it a crack, betfair are there for the taking
With Laddies backing it does make the other place more credible and I imagine opens it up to new customers and markets. That I think is a good thing.
Those markets that are offered are just copies of the odds on here so that doesn't mark Laddies card. If shrewdies don't want to mark cards by not taking the copied odds on offer there that's only going to help the markets form over there.
Those markets that are offered are just copies of the odds on here so that doesn't mark Laddies card. If shrewdies don't want to mark cards by not taking the copied odds on offer there that's only going to help the markets form over there.
excellent news in my eyes.
betfair need the competition, ladbrokes have access to more potential new punters and have a hell of a lot more money than betfair.
potentially they could top up markets with their own liabilities aswell as having exchange terminals in their shops, they already don't give a toss about over the counter business so why not make every bet risk free?
betfair need the competition, ladbrokes have access to more potential new punters and have a hell of a lot more money than betfair.
potentially they could top up markets with their own liabilities aswell as having exchange terminals in their shops, they already don't give a toss about over the counter business so why not make every bet risk free?
Anyone any idea,how much Bet Qack is currently losing per year??
A valuation of €37 Million will surely leave Desmond with a loss?
I wonder how involved Mike Dillon is involved with the deal??What percentage do JP/Desmond/Magnier currently hold in Laddies??
A valuation of €37 Million will surely leave Desmond with a loss?
I wonder how involved Mike Dillon is involved with the deal??What percentage do JP/Desmond/Magnier currently hold in Laddies??
I wonder if laddies will do adverts comparing their new exchange prices with betfairs fixed odds.
excellent news in my eyes.
betfair need the competition, ladbrokes have access to more potential new punters and have a hell of a lot more money than betfair.
potentially they could top up markets with their own liabilities aswell as having exchange terminals in their shops, they already don't give a toss about over the counter business so why not make every bet risk free?
i actually think that could happen
betfair need the competition, ladbrokes have access to more potential new punters and have a hell of a lot more money than betfair.
potentially they could top up markets with their own liabilities aswell as having exchange terminals in their shops, they already don't give a toss about over the counter business so why not make every bet risk free?
i actually think that could happen
I'm far less optimistic, I think lads will take the technology to improve their current (online) business, which is lagging behind the likes of bet365 and even willhill, and just let the exchange bleed to death.
Ladbrokes as an actual bookmaker are abysmal. They are the type to limit punters quickly and severely rather than keep up with the markets. On top of this some of the odds they offer are shocking especially in play where I've regularly seen worse value than betfair fixed odds such as 1/2, 7/5 on 2 way markets. No surprise they get nicknamed ladcrooks.
I hope I am proved wrong but I doubt these numpties will be able to do anything constructive for the purple site.
I hope I am proved wrong but I doubt these numpties will be able to do anything constructive for the purple site.
From personal experience I've found them overall to be the best British bookmaker, although things can change. Stan James used to be the best and now they are possibly the second worst.
Ladbrokes are not a proper bookmaker any more, like almost all the others.
The final straw for me was the first day of the Cheltenham Festival 2009. I did my entire allocated Betfair balance of around 5k and had had a skinfull in the Betfair tent. We adjourned to the bars of Cheltenham and I ended up in a bar when I realised it was Liverpool v Real Madrid in the Champions League. I didn't have a penny to bet with but remembered that I had around 4k lying dormant in a Ladbrokes account. I have fairly stringent measures to prevent me gambling more than my daily allowance (particularly when I'm on the sauce) so I didn't have access to this account. However, I realised that I could talk to them and claim I'd forgotten my password and they would provide me with a new one. A phone call later and I was equipped to chase my 5k back. Liverpool were 6/5 and RM were 13/5 if I remember correctly. 6/5 was no good to me as I would still be down on the day so I phoned them up and asked for the full 4k at 13/5 on RM. I was referred to a "trader" and after a brief wait I was told I could have 800 quid on. This was obviously no good for me and, thinking I must be on the shrewd side, said, "okay, forget that, I'll have the 4k on Liverpool at 6/5". Referred to a trader again, I was told I could have 1600 on! They were operating a 12% book and wouldn't take a medium sized bet on either side on a Champions League last 16 match. Laughable really.
The final straw for me was the first day of the Cheltenham Festival 2009. I did my entire allocated Betfair balance of around 5k and had had a skinfull in the Betfair tent. We adjourned to the bars of Cheltenham and I ended up in a bar when I realised it was Liverpool v Real Madrid in the Champions League. I didn't have a penny to bet with but remembered that I had around 4k lying dormant in a Ladbrokes account. I have fairly stringent measures to prevent me gambling more than my daily allowance (particularly when I'm on the sauce) so I didn't have access to this account. However, I realised that I could talk to them and claim I'd forgotten my password and they would provide me with a new one. A phone call later and I was equipped to chase my 5k back. Liverpool were 6/5 and RM were 13/5 if I remember correctly. 6/5 was no good to me as I would still be down on the day so I phoned them up and asked for the full 4k at 13/5 on RM. I was referred to a "trader" and after a brief wait I was told I could have 800 quid on. This was obviously no good for me and, thinking I must be on the shrewd side, said, "okay, forget that, I'll have the 4k on Liverpool at 6/5". Referred to a trader again, I was told I could have 1600 on! They were operating a 12% book and wouldn't take a medium sized bet on either side on a Champions League last 16 match. Laughable really.
You were obviously trying to pull this classic sting: shrewdie wants to back away team at 5, fave available at evens. Phones up: "Hello, can I have £50k on the fave please", they say no. "Oh in that case I'll stick it all on the underdog...
They were extremely shrewd to see through your ploy
They were extremely shrewd to see through your ploy
VC are the worst imo although I'd say they have improved a little.
On criteria such as what size of bet will they take on singles and multiples, how quickly and on what criteria will they limit your account, how independent are they in their prices, how quickly do they offer prices and what range of sports and events do they bet on.
From experience Ladbrokes have a blanket policy that if your account is restricted they wont allow you more on. There is no point ever ringing them up. Sure in terms of the CL bet that was stupid on their part but I imagine their traders hands were tied by a blanket corporate policy. Imo they are the slowest to limit your account and are the most independent in their prices. Hills who I rate the 2nd best are more flexible and will ofen lay more over the phone and will generally lay the biggest bets.
On criteria such as what size of bet will they take on singles and multiples, how quickly and on what criteria will they limit your account, how independent are they in their prices, how quickly do they offer prices and what range of sports and events do they bet on.
From experience Ladbrokes have a blanket policy that if your account is restricted they wont allow you more on. There is no point ever ringing them up. Sure in terms of the CL bet that was stupid on their part but I imagine their traders hands were tied by a blanket corporate policy. Imo they are the slowest to limit your account and are the most independent in their prices. Hills who I rate the 2nd best are more flexible and will ofen lay more over the phone and will generally lay the biggest bets.
cant disagree with that CLYDEBANK29, hills have stood some decent football bets on the biggest games.
its a shame the money was tied up for the poster in crooks, couldve had that bet on here or with about a dozen other firms.
its a shame the money was tied up for the poster in crooks, couldve had that bet on here or with about a dozen other firms.
@ AyresRock...I understand your pain, my friend.
Actually, Im being serious, your thoughts echo mine, often wondered the same thing.
Actually, Im being serious, your thoughts echo mine, often wondered the same thing.
what does purple mean?(not the colour) why is the article have loads of words blanked out??????
purple= bet d a q (censored on here, hence the blanked out words in the article)
Well, laddies limited me pretty quickly to 1 quid in the morning when I had a winning run that included taking advantage of special offers.
I am not sure than an exchange won't be an integral part of where they go as a bm....
Their present policy is never knowingly to have a price they can't lay off i.e. never to be best price on any event, anywhere in the world, any sport, ever, wh/ seems increasingly unsustainable for a sports bookmaker in the age of the internet. At the same time, their former ceo runs a commission-model site which is always in principle best price about any major event and never stands any liability. It shd be clear to laddies executives which model is more robust and future-proof.
They can carry in raking good money on the FOBTs but what if the government starts to restrict these? After 13 years or so of exchanges, they can see that they are no major threat to their profitability, indeed can be exploited for conventional bookmakers' profit. Why might they not make the prices in their shops exchange prices minus a cut depending on market liquidity and time to off and try to win back a lot of shop custom on the back of that?
I am not sure than an exchange won't be an integral part of where they go as a bm....
Their present policy is never knowingly to have a price they can't lay off i.e. never to be best price on any event, anywhere in the world, any sport, ever, wh/ seems increasingly unsustainable for a sports bookmaker in the age of the internet. At the same time, their former ceo runs a commission-model site which is always in principle best price about any major event and never stands any liability. It shd be clear to laddies executives which model is more robust and future-proof.
They can carry in raking good money on the FOBTs but what if the government starts to restrict these? After 13 years or so of exchanges, they can see that they are no major threat to their profitability, indeed can be exploited for conventional bookmakers' profit. Why might they not make the prices in their shops exchange prices minus a cut depending on market liquidity and time to off and try to win back a lot of shop custom on the back of that?
Butler are doing the commission model cheaper than bf and Laddies look like moving into exchanges.
And all the visionaries, the people attuned to what the punter wanted, left bf a long time ago. Can the present management break the habits of a lifetime and offer punters something that no fixed odds bookie wd dare?
And all the visionaries, the people attuned to what the punter wanted, left bf a long time ago. Can the present management break the habits of a lifetime and offer punters something that no fixed odds bookie wd dare?
http://www.davy.ie/LR?id=8543
Today's Davy research note on Lad's acquisition of bet d a q.
The acwqisition is confirmed on the purple site this morning.
Waiting to see if my lads account is closed by lunchtime
Today's Davy research note on Lad's acquisition of bet d a q.
The acwqisition is confirmed on the purple site this morning.
Waiting to see if my lads account is closed by lunchtime
Sorry for the double post btw, there was a bit of a problem with the links as the other exchange's name was bleeped out by the forum.
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