Ladbrokes Coral agree to 4bn GBP takeover by GVC

Article by - - filed under Business.

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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.

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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.

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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 »

GVC beats 888 in race to takeover bwin

Article by - - filed under Business.

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GVC, owner of several gaming brands including Sportingbet, have beaten off competition from 888 Holdings to secure entertainment. The deal, which was announced Friday, will see GVC pay £1.1bn (€1.5bn or $1.7bn) in cash-and-shares for the gaming business. It was widely reported that 888 had secured back in July, however GVC did not… Read more »