Ladbrokes Coral agree to 4bn GBP takeover by GVC

Article by - - filed under Business.

ladbrokes shop signage

Bookmaker Ladbrokes Coral is set to be taken over by online rival and Party Poker owner GVC in a deal worth up to £4bn ($5.4bn or €4.5bn). Earlier in December both parties said their were in ‘detailed discussions’ about a possible takeover which suggested a cash and shares arrangement. GVC, who are better known for… Read more »

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 »

Gala Coral ordered to pay 880,000 GBP in gambler case

Article by - - filed under Online Casinos.

casino chips on roulette table

British-based gambling company Gala Coral has received a hefty £880,000 ($1,289,948 or €1,126,713) for continuing to accept deposits from a problem gambler. The VIP player was so caught up in his gambling that he stole large amounts of money from his family to fund his habit. The fine, which was determined by the UK Gambling… Read more »

Ladbrokes and Gala Coral confirm merger worth $3.4 billion

Article by - - filed under Business.

ladbrokes and coral betting shops

British bookmakers Ladbrokes and Gala Coral on Friday agreed a merger between the two companies with an estimated value of £2.3 billion ($3.4 billion). The merger will create a business with the largest high street presence and the potential to become one of the biggest players in the online gambling market. Ladbrokes told the market… Read more »