{"id":64786,"date":"2017-12-07T09:00:36","date_gmt":"2017-12-07T17:00:36","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=64786"},"modified":"2017-12-07T09:12:18","modified_gmt":"2017-12-07T17:12:18","slug":"gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/","title":{"rendered":"GVC Ready to Gamble on Ladbrokes Coral in $5.2 Billion Deal, Latest in Major Year of Acquisitions and Mergers"},"content":{"rendered":"

Online gambling operator GVC Holdings is reportedly nearing a deal to acquire UK bookmaker Ladbrokes Coral for $5.2 billion.<\/p>\n

\"GVC
GVC Holdings CEO Kenneth Alexander may be close to announcing yet another major acquisition for the gaming company. (Image: Tony Larkin\/SBC News)<\/figcaption><\/figure>\n

The bwin.party owner and sports betting behemoth has long been interested in acquiring Ladbrokes, with the most recent proposal, a $4.6 billion offer, falling through in August<\/a>. This time around, GVC has apparently submitted a bid that Ladbrokes simply cannot refuse.<\/p>\n

\n

Should the acquisition be completed, it would mark GVC’s first foray into land-based gaming operations. The corporation is presently focused on internet gambling enterprises, and in addition to bwin.party, has Sportingbet, Foxy Bingo, and CasinoClub among its portfolio.<\/p>\n<\/div>\n

Ladbrokes, however, owns and operates approximately 3,500 betting shops across the UK.<\/p>\n

A GVC and Ladbrokes merger would create a company so large it would qualify for listing on Britain’s FTSE 100. The London Stock Exchange index consists of the largest 100 UK companies according to market value.<\/p>\n

The main competitors for a unified GVC and Ladbrokes would be William Hill and Paddy Power Betfair.<\/p>\n

Offer Price Not Fixed<\/b><\/h2>\n

The final acquisition price will be formally determined after GVC Holdings completes its review of the legal landscape surrounding fixed-odds betting terminals (FOBT), which are the major revenue generators for companies like Ladbrokes, which incorporates the gaming machines into its thousands of land-based betting shops.<\/p>\n

After a government review earlier this year<\/a>, federal laws are being considered that might drastically lower FOBTs’ maximum betting limits.<\/p>\n

One proposal would slash the highest available wager in half from the current limit of \u00a3100 ($134) to \u00a350. Another would take even more drastic measures, with the top bet lowered to just \u00a32 ($2.68).<\/strong><\/p>\n

The betting changes could result in betting shops like Ladbrokes losing out on over $200 million in annual revenue.<\/p>\n

Mergers Continue<\/b><\/h2>\n

If the GVC and Ladbrokes deal goes through, it would become the latest UK gaming industry merger and acquisition in what’s been a major year for such alliances.<\/p>\n

It was less than two years ago that GVC underwent a reverse takeover of bwin.party for $1.7 billion. In November of 2016, Ladbrokes completed its buyout of Gala Coral in a $2.81 billion transaction.<\/p>\n

Also in 2016, Paddy Power and Betfair aligned in a merger valued at $7.6 billion. 888 and the Rank Group additionally made a $4.7 billion bid to purchase William Hill, but the offer was strongly rejected by company Chairman Gareth Davis.<\/p>\n

William Hill remains the most targeted UK gaming operator for companies looking to expand their holdings.<\/p>\n

Stocks Soar<\/b><\/h2>\n

Investors are optimistic that Ladbrokes will accept GVC’s offer. Shares of the company soared on Thursday, with the stock up more than 30 percent. Shareholders saw their gains increase over $40 per share.<\/strong><\/p>\n

GVC investors were also rewarded, as the stock jumped over seven percent, or almost $80 per share.<\/p>\n

An otherwise flat day on the London Stock Exchange, the gaming industry as a whole gained in value on the GVC\/Ladbrokes news. William Hill was up seven percent, while Paddy Power Betfair was up one percent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Online gambling operator GVC Holdings is reportedly nearing a deal to acquire UK bookmaker Ladbrokes Coral for $5.2 billion. The bwin.party owner and sports betting behemoth has long been interested in acquiring Ladbrokes, with the most recent proposal, a $4.6 billion offer, falling through in August. This time around, GVC has apparently submitted a bid […]<\/p>\n","protected":false},"author":42,"featured_media":64791,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,1074],"tags":[],"acf":[],"yoast_head":"\nGVC Ready to Gamble on Ladbrokes Coral in $5.2 Billion Deal<\/title>\n<meta name=\"description\" content=\"GVC Holdings is nearing a deal to acquire Ladbrokes, which owns Gala Coral, in a $5.2 billion deal that would make the UK company a power player.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GVC Ready to Gamble on Ladbrokes Coral in $5.2 Billion Deal\" \/>\n<meta property=\"og:description\" content=\"GVC Holdings is nearing a deal to acquire Ladbrokes, which owns Gala Coral, in a $5.2 billion deal that would make the UK company a power player.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-07T17:00:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-07T17:12:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/12\/gvcholdings-kennethalexander.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"567\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/\",\"url\":\"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/\",\"name\":\"GVC Ready to Gamble on Ladbrokes Coral in $5.2 Billion Deal\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/12\/gvcholdings-kennethalexander.jpg\",\"datePublished\":\"2017-12-07T17:00:36+00:00\",\"dateModified\":\"2017-12-07T17:12:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"GVC Holdings is nearing a deal to acquire Ladbrokes, which owns Gala Coral, in a $5.2 billion deal that would make the UK company a power player.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/gvc-ready-gamble-ladbrokes-coral-5-2-billion-deal\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/12\/gvcholdings-kennethalexander.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/12\/gvcholdings-kennethalexander.jpg\",\"width\":850,\"height\":567,\"caption\":\"GVC Holdings CEO Kenneth Alexander is reportedly nearing yet another landmark acquisition for his gaming company. 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