GVC finally acquires Ladbrokes Coral

29 Mar 2018

Online betting company GVC Holdings and Ladbrokes Coral, UK’s most powerful bookmaker finally agreed on a takeover. The deal that was agreed last December, values up to £4bn (€4.49bn/$5.55bn). From now on, visitors of Ladbrokes Coral’s website are redirected to GVC’s homepage.

Ladbrokes, operating from 1902 and being a founding member of the original FTSE 100, it will now watch its shares being deleted from the London Stock Exchange. 271,816,558 ordinary shares of €0.01 each in the capital of GVC have been created last Friday, according to the new deal.

Kenneth Alexander, GVC chief executive seemed rather optimistic about the new deal: “The creation of one of the world' s largest listed sports betting companies, combining a portfolio of established brands, proven technology and leading market positions in multiple geographies, is a truly exciting prospect”. He highlighted that the takeover will create an enlarged diverse group with cutting edge technological aspect and management expertise ready to chase new global challenges. Large operations have already been agreed in Australia and the United States.

GVS will pass to Ladbrokes32.7p per share, which may touch the 42.8p depending on the government’s decision on FOBT stakes and 0.141 new shares. The new group will have the biggest share of the gambling pie in the UK, Germany and Italy. GVS in exchange will add to its business 3,500 Ladbrokes betting shops. Noel Hamill, former EE (UK mobile telecoms operator) executive will be the Chief Marketing Officer of the enlarged group of businesses.

A few words on GVC

The company was founded as GVC Holdings in Luxemburg in 2004.It is a betting bookmaker, offering its services both in Business to Consumer (B2C) and Business to Business (B2B) plan. GVC’s group already includes leading operators such us Bwin, Sportingbet, PartyPoker, Foxy Bingo and Foxy Casino.

A few words on Ladbrokes Coral

Ladbrokes Coral is the outcome of another marriage in the betting industry in 2016 when Ladbrokes acquired its rival, Coral. The company is based in London, is leading betting company in the UK and has 25.000 employees. The company was a member of FTSE 250 INDEX till its recent acquisition by GVC.

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