GVC in talks to buy Ladbrokes Coral

In an move that could turn Ladbrokes Coral into a company worth nearly £4bn, the UK betting giant is in “detailed” talks for a takeover by online competitor GVC. Under the proposals, GVC which owns the Bwin and Sportingbet brands would hold 53.5 percent of the combined group. The move could lead the biggest shake up of the UK betting industry since, well, Ladbrokes merged with Coral last year. The talks come after the government’s Triennial Review proposed a cut on the size of stakes gamblers can make on FOBTs from £100 to potentially £2. Fearing a [ ] The post GVC in talks to buy Ladbrokes Coral appeared first on Coinslot.
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