Ladbrokes and Coral Agree to Sell Retail Shops in Order to Merge

UK retail and online betting giants Ladbrokes and Gala Coral have announced that they have agreed to sell off some of their retail shops in order to complete their merger.

The UK Competitions and Markets Authority ruled that the two entities would need to sell somewhere between 350 to 400 of their betting shops in the UK in order to satisfy the concerns regarding a potential monopoly. This week the regulator said that the two groups have agreed to the move, and are now seeking out buyers for the properties. No details on the sites for sale has been released as of press time.

Commenting on the agreement the CMA revealed: "On July 26, the CMA announced that Ladbrokes and Coral must sell around 350 to 400 licensed betting offices (LBOs) in order to obtain clearance of their merger and preserve competition in 642 local markets where the companies' betting products overlap."

"Ladbrokes and Coral have offered undertakings to sell the required number of LBOs to a suitable buyer to be approved by the CMA."

Ladbrokes and Coral agreed to merge last year, and if the deal is completed the combined group would be worth £2.3 billion.

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Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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5 October 2016 - 9:49pm

I'm glad to read that there is strict rules against monopoly and this is how suppose to be really, in my country for example this wouldn't be a problem at all, that's why there is monopoly in so many areas of the market here.