You are here: Home » Reuters » News
Business Standard

GVC ups stakes in UK gambling with $5.2 billion Ladbrokes bid

Reuters  |  LONDON 

By Kate Holton and Arathy S NairLONDON (Reuters) - Bookmaker GVC Holdings has offered to buy Ladbrokes Coral for up to $5.2 billion to create a global online and high street betting giant able to take on rivals and cope with a tougher regulatory environment.GVC, which boasts 79 million registered accounts and operates in 21 languages through names such as sportingbet and partypoker, previously bought in 2016.The proposed takeover would give it access to the Ladbrokes, Coral and Gala brands and the combined company would compete with William Hill and Paddy Power Betfair. The two ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, December 07 2017. 14:20 IST