Ladbrokes Reveals New CEO

02nd April, 2010

One of the best uk casinos and one of the world's leading bookies has confirmed the appointment of their new CEO, following the resignation of long time boss, Chris Bell.

Richard Glynn, the current chairman of UK betting spread firm Sporting Index will be taking up the hotseat at Ladbrokes, following an extensive search by the Rayners Lane company.

Glynn beats an impressive list of wannabes, including Ladbrokes very own John O'Reilly, who has been the boss of Ladbrokes eGaming for nearly ten years. Others on the short list included Carl Leaver and Richard Segal.

He replaces the well liked Chris Bell, who was a Ladbrokes employee for over twenty years, heading up the company for nearly ten years. It is reported that Glynn will pick up over half a million for his troubles, as well as over one million in Ladbrokes shares. It is also thought that as part of the deal, Glynn will retain his shares in Sporting Index.

The latest news follows Ladbrokes' recent disappointing results, announcing a 32% fall in profits.