GVC eyes potential takeover of Ladbrokes Coral

Article by - - filed under Business, Online Gambling.

ladbrokes bookmaker logo

Britain’s largest bookmaker Ladbrokes Coral has confirmed it is in ‘detailed’ discussions over a potential takeover by gambling group GVC. The deal would make Ladbrokes Coral worth a staggering £3.9bn ($5.2bn or €4.4bn) should the deal go ahead. The announcement sent Ladbrokes Coral’s shares souring, up 25% this morning. GVC shares also climbed 7%. The… Read more »

Cozy Games snapped up by GVC

Article by - - filed under Business.

cozy games home page

The UK operator Cozy Games is the latest company to be swallowed by gambling industry behemoth GVC Holdings for an undisclosed sum. Cozy Games, who are most notable for their bingo products and white labelled operator sites, have a strong position in several regulated markets. This makes them an ideal proposition for UK-listed GVC, who… Read more »

Leo Vegas snaps up Royal Panda Casino

Article by - - filed under Business, Online Casinos.

leo vegas and royal panda brands

The gambling group Leo Vegas AB has entered an agreement to acquire the gaming operator Royal Panda for a price of around 60m EUR ($69.9m or £52.7m) with a further 60m EUR available for a potential earn-out payment. The purchase appears to be a drive by Leo Vegas to strengthen its position in regulated markets… Read more »

IGT offloads Double Down Casino to South Korean firm

Article by - - filed under Business, IGT, Social.

double down casino logo

Las Vegas-based IGT has confirmed that it will be selling their social gaming product Double Down Casino to a South Korean company for $825 million (£643.2m or €766.7m). The social slots platform, which is available through Facebook, will be bought by DoubleU Games Co. It is understood they intend to continue offering licensed IGT slots… Read more »