WEBMASTER NEWS
CMA SAYS LADS-GALA CORAL
DEAL MAY HINGE ON SHOP
SALES
The UK Competitions and Markets
Authority (CMA) has provisionally
ruled that the proposed merger
between Ladbrokes and Gala Coral
may cause competition concerns in
a large number of local areas.
First mooted in June of last year,
should the deal go through it
would lead to the creation of a
combined operation worth £2.3
billion (€3 billion/$3.4 billion).
However, the proposed merger
has come under fire from rival
operators which have claimed that
the deal could lead to issues
regarding competition within the
UK gambling markets.
The CMA, which was appointed
to scrutinise the deal, has now
issued its provisional findings,
stating that as many as 400 shops
may have to be sold in order for
the agre