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Company Overview Casino Logo The Ladbrokes brand has a long history dating back to the late nineteenth century.
Originally a small agency that catered for taking horse racing bets from the British aristocracy and high society, they catered to the clientele of many of the elite Gentlemen's Clubs in the St James area of Central London.
Ladbrokes fortunes wavered in the middle of the twentieth century until the advent of legalised betting in the 1960s.
The company widened its reach beyond the upper classes and went public, offering its shares for sale on the London Stock Exchange.
By 1971 Ladbrokes owned and operated 660 betting shops in the UK.
The 1970s saw Ladbrokes start to move into the Casino market.
By 1977 Ladbrokes owned 3 London Casinos that were responsible for around 27% of the British Casino market.
Determined to increase their market share even further Chairman Cyril Stein hired Danish Andreas Christensen to head their Marketing Division.
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Agents would note down the license click at this page of expensive cars parked outside rival casinos, Christensen then bribed a corrupt Police Officer to provide name and address details from the Police National Computer.
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In 1979 the Ladbrokes offices were raided by Police and the renewal of the Casinos licenses was refused.
Ladbrokes appealed, but the court heard evidence from the Cyril Steins' personal secretary, Janet Ballard, that revealed she had been ordered to shred all documents relating to the scheme, known as Unit Six.
The appeal was rejected and by the 1980s all Ladbrokes casino businesses were closed.
Lotto Logo In 1994, following the retirement of Cyril Stein, Ladbrokes again made a move into the Casino market.
They purchased City Clubs which ran three casinos; Maxims, the Golden Horseshoe and Charlie Chester's.
In 1997 they purchased their largest competitor, Coral, but the deal was declared a monopoly and they were forced to sell.
They used the proceeds of the sale to purchase the Stakis hotel chain and by the end of the 1990s they owned 92 hotels and 27 casinos in the UK.
In 2000 Ladbrokes sold all their casinos to Gala and moved into online gambling.
Their strong UK brand meant that they very quickly established themselves as a leader in the market.
The Ladbrokes casino website is powered by Playtech and offers downloadable software, as well as the ability to play flash based games in a web browser.
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