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Ladbrokes plc is a British
United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom , the UK or Britain,is a sovereign state located off the northwestern coast of continental Europe....
 based gambling
Gambling

Gambling is the wikt:wager#Verb of money or something of material Value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods....
 company. It is based in Rayners Lane
Rayners Lane

Rayners Lane is a district in the London Borough of Harrow. It is named after the Rayners Lane tube station, which in turn is named after the long and winding road that expands through Pinner and West Harrow....
 in Harrow, London
Harrow, London

Harrow is a town in the London Borough of Harrow, North West London. It is a suburb situated 12.2 miles west northwest of Charing Cross. It is one of the major metropolitan centres identified in the London Plan....
. From 14 May 1999 to 23 February 2006, when it owned the Hilton
Hilton Hotels

Hilton Hotels is a international chain of full-service hotels and resorts founded by Conrad Hilton and now owned by the Hilton Hotels Corporation....
 hotel brand outside the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
, it was known as Hilton Group plc. It is listed on the London Stock Exchange
London Stock Exchange

The London Stock Exchange or LSE is a stock exchange located in London, United Kingdom. Founded in 1801, it is one of the largest stock exchanges in the world, with many overseas listings as well as British companies....
 and is a member of the FTSE 250 Index
FTSE 250 Index

The FTSE 250 Index is a market capitalisation-weighted index of 250 UK companies on the London Stock Exchange. They are selected quarterly as being the 101st to 350th largest companies with their primary listing on the exchange....
, having been relegated from the FTSE 100 Index
FTSE 100 Index

The FTSE 100 Index is a share index of the 100 most highly market capitalisation UK company listed on the London Stock Exchange. The index began on 3 January 1984 with a base level of 1000; the highest value reached to date is 6950.6, on 30 December 1999....
 in June 2006.

Company was founded by Messrs Schwind and Pendleton in 1886 as commission agents for horses trained at Ladbroke Hall in Worcestershire
Worcestershire

Worcestershire is a county located in the West Midlands of central England. From 1974 to 1998 it was administered as part of Hereford and Worcester....
.






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Encyclopedia


Ladbrokes plc is a British
United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom , the UK or Britain,is a sovereign state located off the northwestern coast of continental Europe....
 based gambling
Gambling

Gambling is the wikt:wager#Verb of money or something of material Value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods....
 company. It is based in Rayners Lane
Rayners Lane

Rayners Lane is a district in the London Borough of Harrow. It is named after the Rayners Lane tube station, which in turn is named after the long and winding road that expands through Pinner and West Harrow....
 in Harrow, London
Harrow, London

Harrow is a town in the London Borough of Harrow, North West London. It is a suburb situated 12.2 miles west northwest of Charing Cross. It is one of the major metropolitan centres identified in the London Plan....
. From 14 May 1999 to 23 February 2006, when it owned the Hilton
Hilton Hotels

Hilton Hotels is a international chain of full-service hotels and resorts founded by Conrad Hilton and now owned by the Hilton Hotels Corporation....
 hotel brand outside the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
, it was known as Hilton Group plc. It is listed on the London Stock Exchange
London Stock Exchange

The London Stock Exchange or LSE is a stock exchange located in London, United Kingdom. Founded in 1801, it is one of the largest stock exchanges in the world, with many overseas listings as well as British companies....
 and is a member of the FTSE 250 Index
FTSE 250 Index

The FTSE 250 Index is a market capitalisation-weighted index of 250 UK companies on the London Stock Exchange. They are selected quarterly as being the 101st to 350th largest companies with their primary listing on the exchange....
, having been relegated from the FTSE 100 Index
FTSE 100 Index

The FTSE 100 Index is a share index of the 100 most highly market capitalisation UK company listed on the London Stock Exchange. The index began on 3 January 1984 with a base level of 1000; the highest value reached to date is 6950.6, on 30 December 1999....
 in June 2006.

History

The Company was founded by Messrs Schwind and Pendleton in 1886 as commission agents for horses trained at Ladbroke Hall in Worcestershire
Worcestershire

Worcestershire is a county located in the West Midlands of central England. From 1974 to 1998 it was administered as part of Hereford and Worcester....
. The name Ladbrokes was adopted in 1902. In 1956 the Company was acquired by Cyril Stein and Max Parker.

In 1961 the Government
Government

Government is the body within any organization that has the authority to make and the power to enforce laws, regulations, or rules. Typically, the government refers to a civil government -- local, provincial, or national -- but commercial, academic, religious, or other formal organizations are also administered by governing bodies....
 legalised betting shops under the Betting and Gaming Act. Stein used profits from the traditional areas of the business to establish a chain of betting shops: he was the first to introduce fixed odds football betting. On the last Saturday of 1963 football results cost the Company over £1 million.

In 1967 Cyril Stein became chairman of Ladbrokes and floated the company on the London Stock Exchange.

The Company acquired Texas Homecare
Texas Homecare

Texas Homecare was a United Kingdom chain of Do it yourself stores. In 1995 it was acquired from Ladbrokes by Sainsbury's. The acquisition and conversion of Texas by Sainsbury's trebled the size of their Homebase subsidiary....
 in 1986 and in 1995 sold it to J Sainsbury plc
J Sainsbury

J Sainsbury plc is the parent company of Sainsbury's Supermarkets Ltd, commonly known as Sainsbury's , the third largest chain of supermarkets in the United Kingdom....
 who integrated it into its own Homebase
Homebase

Homebase is a United Kingdom home improvement store and garden centre, with 320 stores across the United Kingdom and the Republic of Ireland. It is well known by its green and orange colour scheme....
 chain.

In 1999 the Company acquired the Stakis Hotel chain and rebranded itself as Hilton Group plc. On 29 December 2005 the Company announced the sale of its the hotel operations to Hilton Hotels Corporation
Hilton Hotels Corporation

Hilton Hotels Corporation, a subsidiary of the Blackstone Group, is a global hospitality company. As of January 2009 Hilton brands encompass 3,200 hotels with 545,000 rooms in 77 countries....
 for £3.3bn and once more rebranded itself Ladbrokes plc.

Following the introduction of the Gambling Act 2005
Gambling Act 2005

The Gambling Act 2005 is an Act of Parliament of the Parliament of the United Kingdom of Great Britain and Northern Ireland. It mainly applies to England and Wales, and to Scotland, and is designed to control all forms of gambling....
 in the United Kingdom
United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom , the UK or Britain,is a sovereign state located off the northwestern coast of continental Europe....
 and the subsequent relaxation of advertising laws for gambling companies in 2007, a TV campaign by Ladbrokes, that included a host of ex-professional footballers, was the first to result in complaints to the Advertising Standards Authority
Advertising Standards Authority

Advertising Standards Authority may refer to:*Advertising Standards Authority *Advertising Standards Authority *Advertising Standards Authority ...
 (ASA): however the ASA cleared the campaign.

Operations

Overall the largest betting company in the UK and largest retail bookmaker in the world, Ladbrokes owns over 2,200 retail betting shops divided between the UK, Ireland
Ireland

Ireland is the List of islands by area in Europe, and the twentieth-largest island in the world. It lies to the north-west of continental Europe and is surrounded by hundreds of islands and islet....
, Italy
Italy

Italy , officially the Italian Republic , is a country located on the Italian Peninsula in Southern Europe and on the two largest islands in the Mediterranean Sea, Sicily and Sardinia....
 and Belgium
Belgium

* A small German-speaking Community of Belgium exists in eastern Wallonia. Belgium's linguistic diversity and related political and cultural conflicts are reflected in the history of Belgium and a complex Communities and regions of Belgium....
. It also operates several online gambling
Online gambling

Online gambling is a general term for gambling using the Internet. This article provides a brief introduction to some of the forms of online gambling, as well as discussing general issues....
 websites offering sportsbook
Sportsbook

A sportsbook or a race and sports book is a place where a gambling can wager on various sports competitions, including golf, football, basketball, baseball, hockey, soccer, horse racing, boxing, and mixed martial arts....
, poker
Poker

Poker is a family of card game that share betting rules and usually List of poker hands. Poker games differ in how the cards are dealt, how hands may be formed, whether the high or low hand wins the pot in a showdown , limits on bets and how many rounds of betting are allowed....
, casino
Casino

A casino is, in the modern sense of the word, a facility that houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships and other tourist attractions....
, games, bingo
Bingo (UK)

Bingo, Housey Housey or Housie is a gambling game of unknown origin. Players mark off numbers on a ticket as they are randomly called out, in order to achieve a winning combination....
 and backgammon
Backgammon

Backgammon is a board game for two players in which the playing pieces are moved according to the roll of dice. A player wins by removing all of his pieces from the board....
. Ladbrokes uses the OpenBet
OpenBet

OpenBet is a major gambling backend product from United Kingdom based Orbis Technology. The product is already used by major gambling companies, both in the UK and overseas, to manage their on-line betting Web sites....
 system from Orbis Technology
Orbis Technology

Orbis Technology was founded in February, 1996 by Clive Haworth, James Caddy and Charles Malir as a systems integration company. Orbis's main activity is the development of its OpenBet software which is used by online gambling institutions throughout the world....
.

Ladbrokes formerly owned Vernons. Founded in 1925, until the intervention of the National Lottery
National Lottery (United Kingdom)

The National Lottery is the largest lottery in the United Kingdom. It is operated by Camelot Group, to whom the licence was granted in 1994, 2001 and again in 2007....
, Vernons concentrated on Football pools
Football pools

Football pools, often referred to as "the pools", are football betting pools based on predicting the outcome of top-level association football matches set to take place in the coming week....
. The company also owns and operates two greyhound stadia at Crayford and Monmore.

Ladbrokes has recently gone into partnership with the Chinese government to offer the first betting shops in China betting on the state lottery.

The company came under fire in January 2009 from the Advertising Standards Authority due to complaints received relating to a recent advertising campaign.

External links