Land-based news: UK gambling giants complete merger2016-11-01 16:21:08
The company will now operate under the name Ladbrokes Coral Group, making it the United Kingdom’s largest land-based bookmaker.
The company will retain the majority of Gala Coral businesses, including Coral Retail and Eurobet Retail. However, the company had to sell 359 betting shops to alleviate competition concerns in specific locations across the United Kingdom, ruled the Competition and Markets Authority’s (CMA).
“This is a historic day for the company and one which marks the start of an exciting journey for the business; both Ladbrokes and Gala Coral have demonstrated their ability to compete hard and win in increasingly competitive markets,” said Ladbrokes Coral CEO Jim Mullen.
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