Hilton Group
 |
|
| Public | |
| Traded as | : |
| Industry | Gambling |
| Founded | 1886 |
| Headquarters |
London, SW1 United Kingdom |
|
Key people
|
John Kelly, Chairman Jim Mullen, CEO Ian Bull, CFO |
| Products | Sports betting, financial betting, poker, casino, games, Bingo and backgammon |
| Revenue | £1,507.9 million (2016) |
| £121.2 million (2016) | |
| £(204.3) million (2016) | |
|
Number of employees
|
16,685 (2016) |
| Website | www |
Ladbrokes Coral Group plc /ˈlædbrʊks/ is a British-based betting and gambling company. It is based in London. From 14 May 1999 to 23 February 2006, when it owned the Hilton hotel brand outside the United States, it was known as Hilton Group plc. It is listed on the and is a member of the FTSE 250 Index, having been relegated from the FTSE 100 Index in June 2006.
In July 2015, Ladbrokes reached an agreement to merge with its rival, Gala Coral Group. Under the terms, Ladbrokes' chief executive Jim Mullen became CEO of the new company, named Ladbrokes Coral Group plc.
The company was founded by Mr. Schwind and Pennington in 1886 as commission agents for horses trained at Ladbroke Hall in Warwickshire. The name Ladbrokes was adopted in 1902 when one Arthur Bendir joined the partnership and operations were moved to London. Ladbrokes' first London offices were situated in the vicinity of the Strand, later moving to Hanover Square in 1906 and, in 1913, the firm graduated to Six Old Burlington Street, Mayfair. From 1913 to acquisition of the firm by Mark Stein (aka Max Parker) and his nephew Cyril Stein in 1956, Ladbrokes' clientele was exclusively drawn from the ranks of the British aristocracy and upper classes, many of whom were members of the elite gentlemen's clubs in the St James's area of Central London.
Unusually for the times, Ladbrokes' principal long-time representative on British racecourses was a woman, Mrs. Helen Vernet. Having joined the firm at behest of Arthur Bendir in 1919, she was made a partner in 1928 and remained with the firm until shortly before her death in 1956, at the age of 80. Following the end of World War II, the fortunes of Ladbrokes were in steady decline, brought about by a combination of an austere postwar economic climate, a dwindling client base, and reluctance to change the firm's specialised approach to bookmaking. As a result, in 1956 the Company was acquired by Mark Stein and his then 28-year-old nephew, Cyril Stein for a reported £100,000.
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Wikipedia