Ladbrokes Reading
Ladbrokes owner Entain has appointed Jette Nygaard-Andersen as the first female chief executive of a major listed British gambling group.
The announcement, confirming a move first reported by Sky News, adds to the small number of women who are FTSE 100 bosses.
They also include Severn Trent's Liv Garfield, Whitbread's Alison Brittain and NatWest chief executive Alison Rose, plus GSK boss Emma Walmsley, Amanda Blanc of Aviva, Admiral's Milena Mondini de Focatiis and Susan Davy of Pennon.
Sports betting odds at Ladbrokes Sports. View for tips, available match odds, live-results and more. Football, Horse Racing and more! Bet now with Ladbrokes!
Bet on Horse Racing, AFL, NRL & Sports with Ladbrokes. 60 Second Quick & Easy Signup. Secured using 2048 bit encryption. Login Join Betslip 0. Sports Live Betting. Thu 4 Mar - 5:42 pm AEST. Racing All Racing. Greyhound Racing. Join Ladbrokes today to view all products and promotions. Betslip; Pending bets; Insufficient Funds - Deposit Now. Betslip is empty. Place a bet on any race or sporting event to get started. 24/7 Betting Line. Customer Support. Download the App. Ladbrokes operates internationally, in conjunction with Coral, and has a strong presence not only in the UK, but also in retail and online operations in Italy, Ireland, Spain, Belgium and Austria. Ladbrokes is a household name with a reputation for great customer service and enhancing the thrill of the action. BestUSACasinoSites.com is America’s popular guide to finding casino Gambling Age In Buffalo New York games.This best casino Gambling Age In Buffalo New York games guide includes reviews, how to play, and where to play online. Play games such as slots, roulette.
Outside the FTSE but in the gambling sector, privately-owned bookmaker Bet365 is run by Denise Coates, one of the best-paid bosses in Britain.
The appointment of Ms Nygaard-Andersen, a Dane, comes days after US casino operator MGM Resorts pulled out of a takeover tilt at Entain.
The British-based company, which owns online brands Sportingbet and Foxy Bingo as well as bookmakers Ladbrokes and Coral, had said that MGM's initial £8.1bn approach significantly undervalued the business.
Last week, Entain - which recently changed its name from GVC - announced the unexpected resignation of chief executive Shay Segev, who is leaving to join sports streaming platform DAZN.
More from Business
Ms Nygaard-Andersen, a former executive at European entertainment company Modern Times Group, had been on Entain's board since 2019.
Chairman Barry Gibson said: 'We are extremely fortunate to have such an outstanding candidate and readymade CEO in Jette.'
The new chief executive will receive a basic salary of £750,000 plus bonuses, which could take her package to a maximum of nearly £4.9m.
She said: 'I am very excited to have the opportunity of continuing the extraordinary momentum that Entain has in its existing markets, as well as helping it enter new regulated markets and reach new audiences.'
The announcement came as Entain reported a strong performance for last year despite a big hit to betting shop income due to COVID closures as online revenues took off.
The group said it had entered the new year with 'good momentum' though the short-term outlook 'remains uncertain'.
Entain has more than 3,000 betting shops under the Ladbrokes and Coral brands.
Ladbrokes West Street Reading
The group employs more than 18,000 people in the UK, roughly three-quarters of the global total.
Ladbrokes owner Entain says it has received a takeover offer from US casino operator MGM Resorts.
The company, which also owns the Coral chain and online brands such as Sportingbet and Foxy Bingo, said it believes the £8.1bn offer 'significantly undervalues the company and its prospects'.
It said it had asked MGM Resorts to 'provide additional information in respect of the strategic rationale for a combination of the two companies' and that 'a further announcement will be made as appropriate'.
Shares in the FTSE 100-listed company surged nearly 28% in early trading and closed the day 25% up.
The offer comes months after another US casino operator, Caesars Entertainment, agreed to buy UK bookmaker William Hill for £2.9bn - though it plans to spin off the UK betting shop part of the business after the deal is completed.
Entain, which recently changed its name from GVC, has more than 3,000 betting shops under the Ladbrokes and Coral brands.
It employs more than 18,000 people in the UK, roughly three quarters of the global total.
More from Business
Last November, new boss Shay Segev laid out plans to transform the business by pulling out of some unregulated global markets and focusing on sports betting and gaming entertainment - areas that have increasingly prospered during lockdowns.
In 2019, the company said it was shutting 900 betting shops - having warned of closures as a result of a crackdown on fixed odds betting terminals (FOBTS).
More recently it has had thousands of staff on furlough under the government's coronavirus job retention scheme.
In early November it said store closures under COVID restrictions at the time would cost it £37m in earnings though that was before rules were tightened more recently.
Entain issued a statement on MGM's offer on Monday after a report overnight from the Wall Street Journal about the proposal - which also said a previous attempt had been rebuffed.
Noting the recent 'press speculation', the company said it 'confirms that it has received proposals from MGM Resorts International... concerning a possible offer for Entain'.
MGM is already Entain's partner in the US market, operating joint venture BetMGM.
Ladbrokes Racing
Entain said the 'most recent proposal' from MGM Resorts, an all-share deal that would leave its current investors with just over 40% of the enlarged company, valued it at a 22% premium to the its latest market value of £6.63bn.
Ladbrokes Reading Festival
The US company, which runs the Bellagio casino and resort in Las Vegas, now has until 1 February to make a formal bid or walk away.