The long awaited merger between Ladbrokes and Gala Coral is expected to be completed later this week. The £2bn merger will develop strong ties between the two gambling juggernauts after a turbulent few years for Ladbrokes.
Senior staff at coral are expected to see a windfall of around £50 million, due to the success of the merger alongside Gala Corals trading performance over recent months.
The merger will likely fall under scrutiny from the UK government around competition legislation with Gala Coral and Ladbrokes representing a large proportion of the gambling industry. In order to fall below competition law threshold both companies have released various betting shops however both businesses have seen very little changes in online betting services.
Original estimates from industry figures suggested that Coral and Ladbrokes would need to shake off around 350-400 stores nationwide in order to comply and appear favorable to government scrutiny.
We’ll keep you posted on how the merger pans out, although finalisation does look imminent.