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Tag: Coral

Ladbrokes Coral Merger

Yesterday it was announced that the proposed Ladbrokes Coral Merger would proceed following the combined sale of betting shops to meet regulatory requirements.

Ladbrokes Coral Merger Approved by CMA

ladbrokes coral merger

The proposed merger has finally been approved by the Competition and Markets Authority (CMA).

The merger had been almost approved by the CMA subject to Ladbrokes and Gala Coral have agreeing to sell 359 betting shops to rival bookmakers to meet the regulators requirements. This week Coral and Coral said they would sell 322 shops to Betfred for £55m in cash and a further 37 to Stan James for £500,000. After the merger, Coral will sell 174 shops and Ladbrokes will sell 185.

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William Hill and Amaya

For the past few weeks there have been talks of a merger between William Hill and Amaya, a Canadian online gambling company. There has been a lot of speculation about the possible outcome of these talks.

Officially these William Hill  Amaya talks have now been terminated.

William Hill AmayaA statement issued by the William Hill’s board of Directors said, “Various exploratory due diligence and other workstreams were underway but far from complete. After canvassing views from a number of William Hill’s major shareholders, the Board has decided that it will not pursue discussions with Amaya.” The statement followed discussion with major shareholders.

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