Speculation over Glynn grows ahead of Ladbrokes' results

Ladbrokes’ chief executive Richard Glynn (pictured) has been given until the summer to save his job with his bonuses linked to the operator’s problem gambling initiatives, according to a number of weekend press reports.

Speculation surrounding Glynn’s position as chief exec resurfaced as The Times reported that the former Sporting Index CEO will “live to fight another day” despite a poor set of financial results.

However, The Telegraph said Glynn was drinking in the last chance saloon with his future dependent on how the digital arm of the company emerges from this summer’s football World Cup.

According to the newspaper, Glynn faces a “race against time” to complete the operator’s migration to Playtech ahead of the tournament which kicks-off in June with investors demanding signs of improvement for the second half of the year.

Sky News reported that the announcement of tomorrow’s full-year results, which is expected to reveal a year-on-year profit loss of more than 30%, will also see the operator reveal it is to link top executives’ pay with the success of anti-problem gambling measures.

In response to the growing issue of problem gambling, which has risen to the top of the political agenda in recent months, Ladbrokes will set up a committee which will report to the main PLC board on the progress of new player protection initiatives.

The news came as The Telegraph reported that Ladbrokes had joined a coalition of bookies, which included Coral, Paddy Power and William Hill, in signing up to a new responsible gambling code which details a range of measures designed to address concerns linked to high-street FOBT machines.

Ladbrokes was unavailable for comment on these reports at the time of publication.