Coral and Labrokes arenât going to be on Odds checker anymore.
Why is that?
I think that crowd that own pp/betfair bought it. Flutter something or other.
Oddschecker was owned by the Sky Betting & Gaming group which was subsumed into Flutter as part of all the mergers.
Ladbrokes left oddschecker before and came back onto it quickly enough.
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Is that his head trading team behind him?
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So ladbrokes would basically be paying powers for new customers
Sure theyâve been paying Sky for the last 10 years
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Double the odds in a lucky 31 is back
I thought it went from Treble to Double?
I thought there was none for a while
Anyone else having problems tracking paddy power bets on the phone? The bets placed on the machines where you can text them to your phone and avail of cashout and get the 6th bet free up to âŹ25.
I canât seem to login to the pp onside app anymore. I can scan a docket onto it alright so can cashout but not avail of free bets.
As an aside someone told me the free bets are reduced to a maximum of âŹ10. Is this true?
Whoâd take a punt on this bookie?
Friday August 14 2020, 12.01am BST, The Times
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What a shy bunch they are at GVC. Over the past month the bookieâs come up with this treble: the exit with one dayâs notice of Kenny Alexander, the man who built the business over 13 years; the revelation five days later that the company was in an HMRC investigation; and now the half-year results, turning ÂŁ349 million of âunderlying ebitdaâ into ÂŁ2.1 million of after-tax profits.
The common theme? On no occasion was anyone available from the board, led by chairman Barry Gibson, to tell the press whatâs going on. Anyone would think the owner of Ladbrokes, Coral and Sportingbet had something to hide.
Apparently, this time itâs âtoo earlyâ for new boss Shay Segev to be allowed out into the press paddock. Why? The figures look decent enough, given the corona crisis closed the betting shops. An 11 per cent drop in net gaming revenue to ÂŁ1.62 billion is a fair effort, with online revenue up 19 per cent. And Mr Segev sees a big âgrowth opportunityâ in America: a market worth $20.3 billion by 2025, he reckons.
But thatâs part of the problem with GVC, the headline figures typically look good. Yet, two things still nag. First, the baggage of the past. Mr Alexander built GVC by taking bets from markets where gambling was illegal or unregulated, recycling the profits into buying better businesses in regulated markets. Second, that GVCâs figures are never clean.
True, thatâs partly because of his acquisition roll-up, culminating in 2018âs ÂŁ3.2 billion Ladbrokes Coral buy. Goodwill write-offs go with the terrain. But, as Canaccord Genuityâs Quest analysts note, while GVC smashes it on the cash generation front, it also brings plenty of âriskâ: a measure that includes âearnings qualityâ. There, they score it 4 out of 100. Quest points to âexceptional items for each of the last 10 yearsâ. And âmaterialâ ones in nine.
Last year, there were ÂŁ710 million of them, leaving GVC with a ÂŁ174 million pre-tax loss. In 2018 there were ÂŁ454 million one-offs and an ÂŁ18.9 million loss. In 2017, ÂŁ174 million and ÂŁ22.6 million loss. Indeed, you have to go back to 2015 for a full-year pre-tax profit. True, cashflow always trumps accounting profits. But the figures can be opaque.
This time the gap between âunderlying ebitdaâ and the tiny after-tax profit includes a ÂŁ132 million foreign exchange loss. And, then, there are two other things GVC either canât or wonât discuss. First, the sort of âpotential corporate offendingâ HMRC is looking into over the former Turkish business: the one taking illegal bets that GVC gave away to seal the Ladbrokes deal. Its undisclosed trio of new owners included Ron Watts, with whom Mr Alexander owns a stud farm.
And second, as rehearsed here before, precisely what payment processing is done for GVC by PXP Financial â a business it used to own whose new parent, Singaporeâs Senjo, is being investigated over the Wirecard fraud. GVC says PXP did not process Turkish money and is used for âprocessing payments in the UK, Gibraltar and other regulated marketsâ. But what about past or present unregulated stuff? The shares rose 2 per cent to 800p, valuing GVC at ÂŁ4.7 billion. But, for a FTSE 100 group, there are too many unanswered questions.
Pp have a 65cent deduction for a race today. 65 fucking cent!
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A good bit of possible scandal in that article. Also they are over 2 billion in debt due to the merger, but they are confident of making good inroads in America.
Very bad PR story not paying Ted out, weâre talking peanuts here. And they called the guards on him to make matters worse. 
I heard Barry Orr claim he knew an on course bookie who didnât put horses in at bigger than 20/1because he thought it was disrespectful to owners 
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Video going round of him arguing with the member of staff in powers
I frequented a powers On Saturday and was asked to remove my mask. Seems very odd to me they allowed do this.