GVC bid for Ladbrokes Coral rebuffed

25 Aug 2017

ladbrokesCoralestGVC has seen their second bid rebuffed as they once again tried to gain control of Ladbrokes Coral. The gambling giant based on Isle of Man, had made an unsuccessful bids last year on the Ladbrokes Coral firm, as well as on British betting giants William Hill.

The first offer has been made by GVC, after Coral and Ladbrokes had announced their merge for £2.2bn.

GVC Holdings, already owns an extensive network of sports betting brands, like Bwin & Sportingbet and is trying to create the largest gambling company in the world. In light of that ambitious expectation they made a new bid up to £3.6bn to take over Ladbrokes Coral that currently hold over 3,500 betting shops.

According to sources from within the company, discussions about the deal have been terminated, due to issues over the value of both companies. What remains to be seen, is whether GVC will come back with a renewed offer, or if they will shift their interest elsewhere.

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An innovative traditional bookie
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If you would like more flexibility in betting, then Coral is the bookmaker you’re looking for. A lot of combined bets are offered in almost every match, making the number of available selections the highest In the world. Their 90 years of betting experience is a sign of stability, while their recent strategy consists of merges with other bookmakers given that they wish to remain on the top. Their easy to use mobile app is one of their greatest plus, as well as the huge section of non-sports betting options (casino, slots, virtual sports). We’d like to see more currencies being accepted (especially EUR and USD) beside the British Pound, which is the only option so far.

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