The move comes after several changes in ownership, an examinership
stint and being floated on the stock market.
Cope, who joined Ladbrokes from Gala Coral in 2012, had headed the review of Ladbrokes' Irish division which was subsequently placed under examinership
with plans for the business on hold until that process is completed.
Earlier this week the firm put its Irish business, which runs 196 shops and employs 840 staff, into examinership
allowing it to restructure the loss-making business.
Speaking to reporters after the minister's briefing, DIKO MP Angelos Votsis said so far parliamentarians have concluded examination of the bill regulating the profession of insolvency practitioners, a 2014 bill amending corporate law, and a bill introducing examinership
proceedings for viable businesses.
The parallel set of regulations on insolvencies seems to be proceeding, at last, with the regulations determining examinership
now concluded, while the final thorny issue of third party loan guarantors still pending.
Ardale Property, the development and investment group of Ireland, has made an announcement on its accomplishment of a deal worth more than 500,000 for the acquisition of Weslin Construction from examinership
Eircom entered examinership
in March 2012 with EUR4.
ACCbank opposed the examinership
application which would have protected the company for 100 days.
eircom's shareholders comprise of more than 200 investors who converted their senior debt holdings to equity upon the successful completion of examinership
on 11 June 2012.
Aer Arann applied for Examinership
in 2010, a process in Irish law which works similarly to bankruptcy protection, allowing an Examiner to be appointed to evaluate the companyOs viability, and to develop a long-term survival plan where appropriate (see online news September 8, 2010).
The airline chief executive officer, Graham Doyle, said, 'We have been aware of Aer Arann's difficulties since before their examinership
in 2010 and continued to work with them through these challenges.
Fastnet Line which operates the ferry for the West Cork Tourism Co-Operative, a joint Welsh-Irish initiative which owns the ferry service, has been placed in examinership
- an Irish form of bankruptcy protection.