The Impending Merger Between Gala Coral and Ladbrokes Still A Hot Topic Of Discussion

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The Impending Merger Between Gala Coral and Ladbrokes Still A Hot Topic Of DiscussionNegotiations between Gala Coral and Ladbrokes have been shared by many London news sources over the last several weeks. If the impressive £3.5 billion merger goes through, it would result in the United Kingdom’s largest bookmaker to date—with over 4,000 retail locations.

Ladbrokes SBC News reports,  has turned to the investment banks of Green Hill and UBS in order to raise the capital for the acquisition of Gala Coral. While the two companies had been taking their time, it is believed that they are moving thing forward a bit faster now that igaming operator bwin.party has become the target of an acquisition duel between 888 Holdings versus GVC Holdings/Amaya Inc.

The impending merger between Gala Coral and Ladbrokes was announced on June 23, 2015 and will take approximately 1 year to complete.

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