Ladbrokes Coral, GVC Merger Could Cost 1,600 Their Jobs

This story was published more than 2 years ago.

The proposed merger between Ladbrokes Coral and GVC Holdings could potentially have a negative impact, costing as many as 1,600 people their jobs, about 5% of the combined workforce of the two groups.

Most of the jobs will be head office and support positions, although Ladbrokes CEO Jim Mullen could be pushed out of his spot. The two groups agreed to a merger in December of 2017 for a whopping £4 billion purchase price. The purchase has to go through regulatory approval, and the agreement is being investigated by the UK CMA (Competition and Markets Authority) because of the lessening of competition in the country.

The jobs being cut will be a PR blow for the merger, and the investigation into the lack of competition will also put some dings in the process. Still, the merger is expected to be completed later this year.

Casino Listings will update readers as merger details emerge.

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About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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bgsharpe
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23 February 2018 - 11:28am
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Yeah that's not a great news for ll those employees if they loosing their jobs after the merge, but is this a merge anyway or just one company buying the other one which should be more of a purchase I believe.