High stakes: GVC to buy Ladbrokes Coral for a potential £4bn

GVC is set to buy Ladbrokes Coral in a game-changing deal for the UK betting industry. Should the acquisition go ahead, shareholders in GVC which owns the Bwin, Sportingbet and Foxy Bingo brands will hold 53.5 percent of the combined group. Ladbrokes Coral chair John Kelly said: “Ladbrokes Coral board believes that the proposed combination with GVC accelerates our strategy to improve the customer experience, drive faster online growth and build a more diverse and extensive international portfolio of businesses.” The move comes after the government said it would put a yet-to-be-decided cap on stakes for FOBT [ ] The post High stakes: GVC to buy Ladbrokes Coral for a potential £4bn appeared first on Coinslot.
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