GVC Holdings has already had two failed attempts of acquiring Ladbrokes Coral, most recently last August when the betting giant offered a reported £3.6 billion.
According to insiders, the next GVC movement will be defined in October after the British government’s review about FOBTs.
Ladbrokes Coral Plc are really a FOBTs giant. If the government decides to reduce the maximum stake from £100 to £2, as they initially intended to do, it is almost certain that GVC Holdings will not be interested in making a new offer to Ladbrokes Coral.
Controversially, if the reduction is insignificant and the minimum stake remains high, it is almost sure that GVC will make a final effort to redeem the famous British bookmaker.
It is now obvious that everything depends on what the government decides to do with FOBTs.