High Court gives green light on Ladbrokes Coral’s takeover by GVC

28 Mar 2018

Ladbrokes CoralUK's High Court approval of the £4bn (€4.49bn/$5.55bn) deal between GVC and Ladbrokes Coral has taken place. As a result the merge is well on its way towards going into full effect shortly, as it has already been accepted by the Competitions and Markets Authority (CMA) and shareholders of the two entities involved. GVC announced an official calendar earlier in the year with all milestones regarding the merge. Following up on that it informed shareholders that they are well within the suggested timeframe they had set back in February.

Shares are bound to be delisted from London's Stock Exchange. Specifically, 273 million €0.01 GVC shares are up for trading, according to the application submitted by the company. According to the terms of the deal Ladbrokes Coral shareholders will get 0.141 new GVC shares for 32.7p per share. However, there is room for an increased price per share of up to 42.8p, but that's going to be determined by the government's decision on FOBT stakes. If the government goes forward with a resolution that's advantageous to FOBT operators, the deal might go all the way up to £4bn and beyond.

Why choose Ladbrokes

The betting grandfather
  • UKGC & Gibraltar licenses
  • 35+ sports
  • Player Specials in football
  • Bet Builder & Request a Bet
  • Live Streaming
  • Mobile apps
  • 24/7 Customer Support
  • High winning limits
Play Now
Get the Best Odds
BOOK SPY
BOOK SPY BONUS REVIEW

With over 100 years of experience, Ladbrokes is one of the most familiar betting brands in the UK. It is one of the few companies that has moved to racecourse management by acquiring Lingfield Park in 1975 and one of the few that offers both fixed odds and betting exchange. It has managed to retain a top spot by combining the advantages of being an established High Street bookie with providing new technologies and keeping up with the gamification trends. The sportsbook has proven its innovative spirit, with the addition of features like the unique 5-A-Side service. In terms of safety and stability, Ladbrokes ticks all boxes. Nevertheless, there are a couple of areas I would like to see some improvements. First of all, the payout is below par even for the top sports like football and tennis. I would expect a bookmaker of this caliber to offer higher odds to players. Also, like other Entain brands, they tend to limit winning players quite fast. Finally, I would like to see them reopen to more countries in the near future. All in all, Ladbrokes guarantees an action-packed environment, no matter which sport you want to bet.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS