Final Hurdle Cleared For Ladbrokes Coral GVC Deal

The Competition and Markets Authority (CMA) has given the green light to the Ladbrokes Coral GVC deal after the competitions watchdog said “the deal does not give rise to competition concerns”.
21/03/2018
  • Ladbrokes Coral could lose 1,600 jobs after Foxy Bingo takeover

    The takeover of Ladbrokes Coral by GVC, the Isle of Man-based firm behind Foxy Bingo, could trigger up to 1,600 job losses, the companies said, as they published fresh details of a deal worth up to £3.9bn. Online casino company GVC and bookmaker Ladbrokes said up to 6% of their combined 26,800 workforce...
  • Italy sets online casino revenue record; PokerStars’ grip slips

    Italy’s regulated online gambling market started 2018 off on the right foot, posting double-digit sports betting gains and setting a new online casino record. Figures compiled by Italian gaming news agency Agimeg show total land-based and online sports betting revenue of €150.5m in January, up 15.5% year-on-year. However, the online portion...
  • William Hill sees online sports betting increase by 13% in a year

    Increased online revenues and dividend push bookmaker’s share prices up, even as profits fall due to string of wins for football teams. Bookmaker William Hill has reported a big increase in online sports betting in the UK over the past six months, despite feeling the absence of a major international football...
  • Online gambling firms face clampdown after watchdog’s probe

    The online gambling industry is facing a clampdown after the UK competition watchdog accused companies of unfairly treating customers and potentially breaking consumer law. The Competition and Markets Authority (CMA) said people were not getting the deal they expected from sign-up promotions and operators were unfairly holding on to customers’ money....
  • FA announces end to all sponsorship deals with betting companies

    Decision comes after three-month review into betting sponsorship. FA’s current partnership with Ladbrokes to be terminated this month. The Football Association will no longer have a betting partner after terminating a contract with Ladbrokes worth around £4m a year following a string of high-profile gambling controversies in the sport....
  • FA ‘considering’ relationship with gambling and alcohol firms – Greg Clarke

    The Football Association is “considering” its relationship with gambling firms and alcohol companies, says the governing body’s chairman. Greg Clarke has ordered a report into whether it is appropriate to have official partnerships with gambling and betting. “The sport has a duty to consider and ask itself what is...
  • Cybersecurity: A growing focus for gambling operators

    In October 2016, the world saw the most powerful Distributed Denial of Service (DDoS) attack ever registered in cyber history. The destructive Mirai botnet brought down sites including Twitter, the Guardian, Netflix, Reddit, CNN and many others in Europe and the United States after it hit the servers of...
  • GVC now more transparent, but still risky

    There is more than one way to understand the term defensive investing. Typically it means buying stable companies with low growth, in other words seeing it from the growth side of the equation. But defense can also be seen in terms of the loss side. Defense, other than focusing...
  • BCLC’s online casino earns 46% of revenue from 619 players

    New research reveals that the British Columbia government’s online gambling site earns 46% of its online casino revenue from just 5% of its players. This week, the British Columbia Lottery Corporation (BCLC) celebrated the signing of a licensing agreement in which casino operator MGM Resorts would integrate BCLC’s GameSense...
  • William Hill’s profit down double-digits in “challenging year”

    UK bookmakers William Hill saw their operating profit fall 10% in 2016, a 12-month span their interim CEO called “a challenging year.” Figures released Friday show Hills’ revenue inching up 1% to £1.6b last year, while operating profit fell 10% to £261.5m. Interim CEO Philip Bowcock (pictured) said 2016...
  • ESports betting to grow in 2020 as its audience grows to 600M

    The future of eSports betting will become brighter three years from now as its global audience will balloon to almost 600 million by 2020. According to the latest report of market intelligence company Newzoo, the global eSports audience will reach 385 million in 2017 and is expected to grow...
  • Playtech inaugurates Live Casino Romania studio

    Playtech has opened a state-of-the-art live casino studio facility in Bucharest, Romania to cater for a huge demand in licensees in the newly regulated Eastern European country. Playtech’s new Romania live casino facility employs native dealers and further bolsters its position as one of the world’s leading live casino...
  • Regulated market embraced by PokerStars’ Portuguese players

    The newly launched PokerStars.pt in Portugal is one of the busiest online pokers sites in the world based on real money cash game players. That is the finding of PokerScout, an online poker traffic ranking site which estimates the number of players at cash game tables on the major...
  • Macau confident about recovery but estimates “conservative” gambling revenue outlook

    The head of Macau’s government gave a conservative forecast for gambling revenue next year that’s 13 percent below analyst estimates amid a nascent recovery in the world’s biggest casino hub, Bloomberg reported. Macau’s government is confident the economy will recover to grow by low single-digits in 2017, Chief Executive...
  • William Hill faces customer withdrawal conspiracy allegations

    William Hill was forced to defend its withdrawal procedures this week following accusations that it and other operators within the online bookmaking industry “use their terms & conditions to delay or even avoid payment on winning bets,” The Guardian reported. A campaigner for improved consumer rights for punters said...
  • William Hill and Amaya drop merger talks

    The London-based company will continue to consider strategic alternatives. William Hill Plc and PokerStars owner Amaya Inc. of Canada ended merger discussions, squelching one of the biggest possible deals in the betting industry after U.K. activist investor Parvus Asset Management opposed the union. William Hill will continue to consider...
  • MGM Resorts ups stake in MGM China, Pansy Ho seller

    U.S.-based casino operator MGM Resorts International announced on Tuesday an agreement to acquire 188.1 million shares in subsidiary MGM China Holdings Ltd from minority shareholder Pansy Ho Chiu King. “As a result of the transaction, the company will acquire an additional 4.95 percent of the outstanding ordinary common shares...
  • AMAX To sue greek mithology casino operators over financial accounts

    Operator of the beleaguered Greek Mythology Casino in Macau will have to find space for the new set of folders that will be added to the growing collection of its legal cases. This as Macau junket and casino investor Amax International Holdings warned Greek Mythology operator of suing them...
  • iPro Announces Partnership with IGT to Launch ringit! Real-Time Fantasy Sports Platform in Italy for Real Money Gambling on Soccer

     iPro, Inc. today announced an exclusive partnership with International Game Technology (“IGT”) to launch its real-time sports gaming platform, ringit!, on the IGT-owned Lottomatica Italian sports betting platform for 2016’s largest soccer event, the UEFA Euro Cup. Fans win cash in ringit! by predicting what will happen next during their...
  • Frustrated bet365 punter mulls legal action to withdraw £54K account balance

    Online gambling operator Bet365 is being publicly shamed by a disgruntled punter who says she can’t get her winnings off the site. On Tuesday, The Guardian published the story of an unidentified female punter who claims to be having difficulties convincing Bet365 to fork over her £54k account balance....
  • Protected: Stakeholders brace for more russian gambling rules

    There is no excerpt because this is a protected post....
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