The great merge is at the gates

11 Oct 2017

alexanderGVC have tried to redeem the Ladbrokes Coral twice in the recent past, but both efforts have failed to come to an agreement. According to the Financial Times newspaper reports, things look to be different and both sides are closer than ever to a final deal.

Is is believed that GVC and Ladbrokes Coral have already decided even on the shape of a new executive board and team.

The deal is coming at the same time with the UK regulatory review as we mentioned on the "Government review of FOBTs to define GVC move on Ladbrokes Coral" on 26th of September. All the big bookmakers in the sector such as William Hill, Paddy Power Betfair, The Stars Group, 888 Holdings, Rank Group and Jackpotjoy  have already made plans to keep the largest possible market share in the new conditions.

David Jennings, head of leisure research at Davy, the Irish wealth managers, told the Financial Times: “After the review, it won’t be the commencement of talks, it will be the continuation of them,” 

Kenny Alexander, GCV Chief Executive Officer said: “Strategically, the organic growth potential remains exciting and through further product development and increased marketing investment we are well placed to pursue these opportunities. However, we operate in an industry where regulation and increased taxation present headwinds and these are best addressed through scale and diversification. The combination of our people, proprietary technology and proven M&A track record, means GVC is well positioned to play a significant role in the industry's ongoing consolidation.”

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

Yesterday, August 6th, the new legislation covering the online gambling market came into effect. It was published in the governments’ official journal...

Read more »

Interwetten has signed a three-year deal with the Greek Super League, commencing the coming September, that will see them being named as a golden spon...

Read more »

A new bill that is set to abolish the existing gambling regulator in Bulgaria and hand its duties to the National Revenue Agency, has been adopted by ...

Read more »

1xBet Group has signed a Trademark License Agreement with TonyBet, which has a valid license issued by the UKGC. The agreement allowed TonyBet to obta...

Read more »

The Supreme Council of Ukraine (Verkhovna Rada) has held a voting last week, resulting in a victorious 248-95 at the second reading in favor of regula...

Read more »

It’s been almost one and a half years since the Remote Gambling Act (RGA) was approved in Holland. Officials have been trying to set up an appro...

Read more »

Gambling companies are set to be banned from featuring on football teams’ shirts, starting season 2020/2021. This new ruling comes as part of th...

Read more »

STS, the biggest Polish bookmaker, has taken its development one step further by taking over BetSys, the software provider that was already its main I...

Read more »

Betwinner has announced that it has signed an exclusive deal with Brazilian football legend Roberto Carlos, which appoints him as the brand’s ambassad...

Read more »

The Norwegian Ministry of Culture is considering unifying the country’s gambling laws under a new piece of legislation. This means that the Lott...

Read more »

Latest Betting Offers