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UK: CMA launches probe over GVC’s Ladbrokes Coral deal

By  |  February 8, 2018

The UK Competition and Markets Authority (CMA) is to investigate the proposed acquisition by GVC Holdings of Ladbrokes Coral Group.

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    In a statement, the CMA said that it will look at whether the merger will lead to a “substantial lessening of competition” in the UK gambling market.

    In December, GVC agreed to purchase Ladbrokes Coral in a deal worth as much as  £4 bn (US$5.5 billion) and combine the two businesses.

    GVC last month said that it hoped the transaction would go through before the end of the first quarter or early in the second quarter. GVC already owns the Bwin, Sportingbet and Foxy Bingo brands.

    Full Content: Gaming Intelligence

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