Tag Archives: Ladbrokes Coral

The merger of Ladbrokes Plc and Gala Coral is almost good to go after the bookmakers revealed that 359 betting shops of its combined retail portfolio will be sold to Betfred (322 shops) and Stan James (37 ). The sale of the betting shops is conditional upon the approval of the UK Competition and Markets Authority (UK CMA) and will be …

UK business news sources have valued the potential merger of FTSE-listed William Hill Plc and Toronto TSX operator Amaya Inc at a combined value of £4.5-5 billion. On late Friday, William Hill and Amaya governances declared that they had entered initial talks discussing plans for an ‘all stock merger of equals’. The governances’ further detailed that the potential merger was …

The Irish Independent has reported this weekend that Betfred is set to win its bid to acquire 360 betting shops from the £2.3 billion Ladbrokes-Coral merger. The Manchester-based firm is reported to have pipped Irish independent bookmaker Boylesports for the Ladbrokes-Coral retail inventory which was put up for sale in order to meet UK CMA competition standards.    As the …

Publishing what will likely be its last financial update as a private company, Gala Coral (Coral) has reported top-line metric growth hindered by significant exceptional costs as the company approaches its £2.2 billion merger with Ladbrokes Plc. Updating the market on its Q3 2016 performance (12-week period ending 2 July), Coral would declare net revenues of £264 million up 10% …

The Sunday Times has reported that Betfred is nearing a deal to buy hundreds of betting shops, as the Ladbrokes-Coral merger enters the final stages of its UK Competition and Markets Authority (CMA) review. As part of its merger completion, Ladbrokes-Coral has been forced to sell a significant number of betting shops in order to secure UK competition approval and …

The British Horseracing Association (BHA) has filed a submission to the UK Competition & Markets Authority (CMA) stating that the merger of Ladbrokes and Coral could impact consumer choice in UK racing and greyhound industries. Approved by BHA CEO Nick Rust the former Managing Director of Retail Operations for Ladbrokes, the association warned the CMA that the merger could lead …

Irish billionaire Dermot Desmond appears to have lost any chance of halting the merger of Ladbrokes and Gala Coral as the UK Takeover Panel has rejected his appeal regarding the influence of gambling technology provider Playtech on the deal. Desmond who owns 2.8% of Ladbrokes Plc shareholdings had appealed to the Takeover Panel regarding the disclosure of an agreement which …

The UK Competition & Markets Authority (CMA) has said it will allow Ladbrokes and Gala Coral to continue with their merger plans, but only if the firms divest 350-400 betting shops. The proposed merger would create Britain’s biggest bookmaker with around 4,000 betting shops, but the CMA has identified 659 areas across the country where the deal could harm competition. …

Issuing a corporate submission regarding the planned £2.3 billion merger of Ladbrokes-Coral, William Hill has warned the UK Competitions & Markets Authority (UK CMA) that the creation of a merged enterprise will negatively undermine the overall UK betting industry. William Hill the UK’s biggest retail bookmaker, has urged the UK CMA to terminate the tie-up of Britain’s second and third …

Publishing an official statement regarding the merger of Ladbrokes-Coral, the UK Competition & Markets Authority (UK CMA) has declared that it will not investigate the position of industry technology provider Playtech Plc and any influence it may have on the deal. The UK CMA who are undertaking a Phase 2 review of Ladbrokes-Coral, were addressing concerns raised by a third …