Tag Archives: Competition and Markets Authority

ASA upholds “irresponsible” Gala Interactive ad

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The Advertising Standards Authority (ASA) has upheld one complaint against Gala Interactive, for suggesting gambling involved skill rather chance, as it promoted its new Britain’s Got Talent Slingo game. Featuring a man playing on his tablet, before making a gesture with his arm and going on to spin plates on his fingers, one individual “challenged whether the ad implied that …

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Jumpman Gaming and Progress Play fall foul of the CMA

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Jumpman Gaming and Progress Play have agreed to remove terms and conditions prohibiting players from obtained their money in one go, after an investigation by the the Competition and Markets Authority (CMA). The CMA has been working UK regulator the Gambling Commission, to improve terms and conditions for players online and to help ensure firms do not break consumer protection …

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GVC Holdings completes long awaited Ladbrokes Coral acquisition

The long mooted takeover of the Ladbrokes Coral Group by GVC Holdings has finally reached completion, in a deal that could eventually be worth up to £4bn, just days after the High Court of England and Wales sanctioned the deal. With its shares now delisted from the London stock exchange, as part of the agreement the admission of 271,816,558 ordinary …

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GVC’s proposed Ladbrokes Coral acquisition cleared by CMA

The Competition and Markets Authority (CMA) has announced that it has cleared the proposed GVC takeover of Ladbrokes Coral, following a merger investigation. Revealing the case is not to be referred for a more in-depth investigation, the CMA found that “the merger does not give rise to competition concerns.” Addressing arguments that the merge could create a “a substantial lessening …

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GVC Holdings and Ladbrokes Coral – The story so far

After securing a near majority approval of its shareholders to proceed with the proposed acquisition of Ladbrokes Coral Plc, GVC Holdings has further receivgo-aheado ahead of its investor counterparts at the FTSE100 betting  group. The transaction is now set to be forwarded on to the United Kingdom’s High Court for final judgement (target date 23 March) It has, however, been …

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UKGC supports CMA withdrawal restrictions investigation

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The Competition and Markets Authority (CMA) has launched a further investigation into gambling firms withdrawal procedures. Detailing “enforcement action” being launched against a “number of online gambling firms,” concerns have been raised regarding unfair obstacles that may be placed in the way of people withdrawing their money, whether that be part of promotion or not. In its statement the CMA …

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Industry told to take ‘immediate steps’ to clean up bonus promotions

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Operators will need to take ‘immediate steps’ to comply with consumer protection law or face enforcement action, after a joint investigation between the Competition and Markets Authority (CMA) and the Gambling Commission into bonus promotions. The CMA report states gambling firms must “stop unfair online promotions that trap players’ money,” with changes now having to be adopted across the sector. Three operators have …

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CMA expands bonus inquiry into sports-betting

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The Competition and Markets Authority has expanded the scope of its inquiry into the potential breaches of consumer law on the part of the online gambling industry when it comes to bonus offers and free-bet promotions by the online gambling industry to include issues arising from the eligibility conditions of free sports bets. The original probe was announced in October …

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Scott Longley – Help the aged…the bookies’ demographic crunch

As the industry pushes forward with a higher emphasis  on omni-channel strategies Scott Longley examines why legacy bookmakers have to look to overturn the ageing demographic of their retail betting customer base. With a view of modernising its shops and retail points what can the industry learn from other sectors… Much of the to and fro in the submissions to …

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Deal agreed for £2.3bn Ladbrokes Coral merger

The boards of Ladbrokes and Coral have managed to agree on a merger deal which will create ‘a leading multi-channel and internationally diversified business with a compelling strategy to accelerate online growth, deliver substantial synergies and drive value’. Ladbrokes Coral plc will have net revenue of £2.1 billion and £392 million of EBITDA (excluding cost synergies of at least £65 …

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