Is this Ladbrokes’ next chief executive?

The news that Richard Glynn is to step down next year as chief executive officer at online and land gambling group Ladbrokes (see previous report) has been following by some informed speculation in the Telegraph newspaper over the weekend regarding his successor.

The newspaper’s hot tip for the post is Patrick Jay, a former sports director of Ladbrokes who went out to the Asian market four years ago to run trading operations at the Hong Kong Jockey Club, one of the world’s largest betting operations.

The Telegraph points out that Jay’s children are now of an age for some traditional British schooling, which recently resulted in his quitting the HKJC post and making himself available again.

The newspaper reports that Jay took a flight back to London Friday, and speculates that he may have been traveling to discuss his options regarding Glynn’s job.

“Mr Jay is a good bet at Ladbrokes, at least. After taking a flurry of wagers on the diplomat’s son in recent days, Ladbrokes has slashed its odds on him taking the reins from the embattled Mr Glynn from 40/1 to 8/1,” the Telegraph concludes.

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