Tag Archives: Department for Culture

GVC set for £4bn Ladbrokes Coral takeover

FTSE online gambling group GVC Holdings has today detailed its proposed bid for bookmaker Ladbrokes Coral Plc, putting forward a takeover deal that could be worth up to £4 billion, creating a new multi-channel, multi-market gambling group. Bringing clarity to its initial bid (first announced 7 December), GVC’s proposition values Ladbrokes Coral at 160.9p per share, equating to approximately £3.2 billion. However, deal …

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UKGC publishes ‘joint consultation’ on proposed licence fee changes

Partnering with the Department for Culture, Media and Sport (DCMS), the UK Gambling Commission (UKGC) has published its initial ‘joint consultation’ on proposed changes to operator fees with regards to UK gambling licences. The commission expects to implement these changes from April 2017. The proposals of the UKGC consultation are as follows: Take account of the significant changes to our costs …

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DCMS to publish UK gambling advertising results following leaked cabinet correspondence

The Department for Culture, Media and Sport (DCMS) will speed up the publishing of its results into the review it conducted into UK gambling advertising. The DCMS faced criticism from senior Liberal Democrat Danny Alexander who had raised concerns regarding UK public and consumer exposure to gambling advertisement. UK newspaper the Daily Mail published leaked cabinet correspondence between Alexander and …

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