Ladbrokes Ties Bosses' Pay To Problem Betting
Considering some of the stories I have heard about 'preferred customers' (the ones that lose) and 'deferred customers' (ones that lose) about some of the big gambling firms this looks to me like a sly attempt to avoid further regulation.
What do the panel think?
One of Britain's biggest high street bookmakers will this week commit to linking the pay of its top executives to the success of its efforts to prevent problem gambling amid the growing threat of a Government crackdown on the industry.
Sky News has learnt that Richard Glynn, the chief executive of Ladbrokes, will pledge the insertion of responsible gambling criteria into the contracts of the company’s most senior managers when he presents annual results to the City on Tuesday.
The commitment comes as ministers consider swingeing restrictions on bookmakers' use of lucrative fixed-odds betting terminals (FOBTs), which contribute substantial chunks of the profits recorded by companies such as Ladbrokes, Gala Coral and William Hill.
Sky News has learnt that Richard Glynn, the chief executive of Ladbrokes, will pledge the insertion of responsible gambling criteria into the contracts of the company’s most senior managers when he presents annual results to the City on Tuesday.
The commitment comes as ministers consider swingeing restrictions on bookmakers' use of lucrative fixed-odds betting terminals (FOBTs), which contribute substantial chunks of the profits recorded by companies such as Ladbrokes, Gala Coral and William Hill.
What do the panel think?
