GVC's Ladbrokes Purchase Approved of By UK High Court

This week the UK High Court approved of online betting group GVC Holdings purchase of Ladbrokes Coral for a huge £4 billion pricetag.

The final approval by the UK court will allow the merger to finish this week, which will create a mega company that's brands include bwin, PokerStars, and the already huge Ladbrokes Coral group. The Ladbrokes Coral stock holdings will de-list from the London Stock Exchange on Wednesday. Current holders of the stock will get 32.7p per share as well as 0.141 shares in GVC Holdings when their Ladbrokes Coral shares drop.

No comment from either group was available as of press time, but Casino Listings News update readers as the deal closes.

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bgsharpe
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27 March 2018 - 6:00pm
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Yes indeed, that would be a monster company now, perhaps the largest in the gambling world but this is the way any business works as a whole I think, in the end there's a globalization and centralization.