Break down in the talks between GVC and Ladbrokes-Coral

14 Dec 2016

Ladbrokes-CoralThe last few days the whole betting industry was buzzed by the rumored deal between Ladbrokes-Coral and GVC Holdings. According to those rumors, the British company was about to be acquired by Bwin’s mother company, creating a betting industry giant. The rumors appeared to be true after all, but the final chapter of this story was the break down to the conversations between the two sides.

The two companies begun their talks over with an initial deal valuing recently-merged Ladbrokes-Coral at £3.2 billion, meaning 3.8 billion euros. Until now neither of the two sides have commented anything about the break down officially, but to the British side there was another blow and this was the shares drop at a rate of 9% on Monday after the news broke in the industry. The merger would be not only a great surprise, but it would also create a colossal company. We should remind that GVC acquired Bwin.party in February 2016, Betfair merged with Paddy Power in the same month, and Coral merged with Ladbrokes in November 2016.

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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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