Possible Merger Delays Ladbrokes Business Presentation

Ladbrokes 2Ladbrokes has opted to delay a planned business review presentation due to the ongoing talks over a possible merger with rival operator Gala Coral.

As reported by iGaming Business, both parties confirmed last week that they had begun discussions over the possibility of merging to form a larger operation.

The proposed deal would involve Ladbrokes and Gala Coral-operated Coral Retail, Eurobet Retail and the company’s online business.

Ladbrokes was due to make a business review presentation of its own tomorrow (Tuesday), but has now opted to defer this until further notice.

Upon announcing the delay, the bookmaker also confirmed that talks with Gala Coral are ongoing, but warned shareholders that there is no certainty that a deal will be reached with its rival operator.

More at iGaming Business

Related Stories from This Week in Gambling:

  • Ladbrokes CFO Dumps Stock Before Gala Merger Ian Bull, chief financial officer of Ladbrokes, has opted to sell his stake in the UK bookmaker ahead of its proposed merger with rival gambling operator Gala Coral. As reported by iGaming Business, Ladbrokes and Gala Coral last month stated they were closing in on a deal that will lead […]
  • Gala Coral & Ladbrokes Merger Talks Ladbrokes and Gala Coral confirmed in separate statements late yesterday (Monday) evening that they are in talks over a possible merger. The two parties said that the proposed deal would involve Ladbrokes and Gala Coral-operated Coral Retail, Eurobet Retail and the company’s online […]
  • William Hill and Amaya Talk Reverse Takeover The UK’s William Hill and Canada’s Amaya are in discussions that could lead to a £4.6bn all share merger to create one of the world’s largest gambling companies, as the groups become swept up in the wave of consolidation hitting the betting industry. On Saturday, the boards of the two […]