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Ladbrokes: A Leading UK Betting and Gambling Company
Ladbrokes Coral Group plc, usually referred to simply as Ladbrokes, is a betting and gambling company based in London, United Kingdom. It was initially founded in 1886 by Schwind and Pennington and took the name Ladbrokes after Arthur Bendir became an additional partner in 1902. Traditionally, their clientele were members of the aristocracy who were part of elite gentlemen’s clubs in London, but nowadays the betting company appeals to people from all social groups.
The gambling establishment allows punters to bet on live and upcoming sporting events such as horse racing, football matches, rugby, cricket matches, and much more. Gamblers can also bet on video-simulated casino-style games such as poker, roulette, blackjack, and other classic games. Sometimes, the company will accept more unusual bets such as the weather on Christmas—ask a member of staff to inquire about these sorts of bets.
Since its merger with Gala Coral Group in 2016, the betting company became the biggest bookmaker in Britain and has over 25,000 employees and over 3,500 betting shops. In early 2018, the company was acquired by GVC Holdings (now known as Entain plc) after they became majority shareholders. Although its main focus of operations is in the United Kingdom, the company has ventured into international growth opportunities and now has operations in various European countries, including Ireland, Belgium, and Spain.
With over 3,500 betting shops throughout the UK, the company has a high concentration of locations across the country, and you will never be too far away from one of their branches. Ladbrokes Opening times can vary depending on store locations, but typical opening times are from 8 am to 10 pm every day of the week. Opening times are also reduced on bank holidays such as Christmas Day and Boxing Day. To consult the exact opening times of a branch near you, use the store locator on our platform.
The establishment also has a telephone betting service and an online betting service, the latter of which is open to customers 24/7, meaning that consumers can always use the company's gambling services.
Ladbrokes has grown into the largest gambling and betting company in the United Kingdom and is experiencing continual growth and expansion. It is a name that everyone in the betting industry and beyond is familiar with. But here are five things that you may not know about the company:
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It is an official sponsor of the Scottish Professional Football League and has principal sponsorship rights for each of Scotland’s top four leagues.
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The company used to own the former DIY store chain, Texas Homecare, before selling it to J Sainsbury plc.
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In 1979, a national scandal involving police bribery and illegal marketing led to the closure of four major casinos.
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The betting company had ventured into markets outside of Europe, including racetracks and casinos in the United States, but ceased all operations outside of Europe due to disappointing business results.
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Prior to the merger in 2016, it had actually already purchased Coral before, in 1998, but was ordered by the UK government to sell the company as it breached anti-competition regulations.
The company offers various gambling and betting products to customers. Its principal product is sports betting, but it also provides gambling services in financial betting, poker, casino games, bingo, and backgammon.
In addition to brick-and-mortar branches, their betting services are also available to customers online, and they have mobile and tablet applications. They often offer sign-up promotions (such as free bets) to customers starting an account with them.
Ladbrokes was founded in 1886 by Messrs. Schwind and Pennington. The betting company's first offices were in the Strand, before later moving to Mayfair and serving London’s elite classes. Business suffered a steady decline after the Second World War until the company was bought by Mark and Cyril Stein. After the 1961 Betting and Gaming Act, Stein established a chain of betting shops and began to diversify the company's business.
Between 1967 and 1973, the company experienced a period of rapid expansion, growing from 50 betting shops to 1,135. In 1979, the betting company was hit by a scandal exposing illegal marketing schemes in London, which led to the closure of four of its biggest casinos and consequently, almost half of their profit source at the time. Throughout the latter half of the twentieth century and the beginning of the current one, the company has enjoyed steady growth in business through a series of acquisitions and expansions and is now one of the biggest bookmakers in the United Kingdom.
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