GVC Holdings Purchases Ladbrokes For £4 Billion

Online gambling operator GVC Holdings PLC confirmed the rumors about purchasing Ladbrokes Coral for a dazzling £4 billion GBP. The deal was struck after an entire board of directors agreed upon the acquisition, which will come down to votes by shareholders.

Posterior to the investment, GVC will hold 53.5% of the unified group, although the agreement realization might not be finalized until June 2018. The merging will conceive a much larger enterprise, which already includes some of the industry’s well-known giants such as Foxy Bingo, bwin, Cashcade, Sportingbet and others.

The buyer will cash out a certain figure of at least £3.2 billion GBP, whereas the plausibility of paying the full price remains a matter of further agreements related to performance benchmarks.

By creating one of the world’s largest sports betting companies, Gaming VC Holdings will manage to merge a huge base of renowned brands, cutting-edge technology and dominant market solutions. Further expansion to other gaming markets is a major venture for the company, as its CEO Kenneth Alexander revealed.

The gambling industry is an ever-evolving titan and staying on top of it as a considerable operator in both business-to-consumer and business-to-business markets will only perfect the brand’s expertise and broaden its worldwide opportunities.

Both GVC and Ladbrokes are listed on the London Stock Exchange, and having a proven record of successfully multiplied shareholder values will definitely enlarge the revenues of the two operators by massive amounts.

Ladbrokes Coral also features a large collection of brands including Eurobet, Sportium, Gala Casino, Betdaq, AGT and other. Their multi-channel offer is available in major regulated markets accross the world.