Tag: coral
William Hill living in the stone age
It was with some amusement that I read that William Hill were complaining that the merger between Ladbrokes and Coral was anti competitive.
The main thrust of their argument was that a merger between the two was blocked in 1998 and that: –
“It is important to recognise that the structure of the market has changed relatively little since 1998,” William Hill said, adding that there were 8,983 betting shops in Britain then, compared with 8,958 last year.”
I’m guessing …
Ladbrokes and Coral agree £2.3bn merger
News out this morning that after talks, Coral and Ladbrokes will go ahead with their merger.
To fund the deal Ladbrokes will offer 93 million new shares to investors, representing 10% of the company. Ladbrokes will issue new ordinary shares to existing Coral shareholders representing 48.25% of the enlarged company. Existing Ladbrokes shareholders will then own 51.75% of the enlarged company.
The move will mean that the new company will be bigger than the current incumbent William Hill. In terms …
Britain at the bookies
Couldn’t help but notice a new TV series on BBC ‘Britain at the bookies’, if you are in the UK you can view it here: –
https://www.bbc.co.uk/iplayer/episode/b063ly3s/britain-at-the-bookies-episode-1
It seemed a pretty fair and balanced first episode comparing life at the head office of a bookie, with the life of a shop and the realities of problem gambling. I think a fair picture was painted.
It was disheartening to see the jobless guy withdraw his benefits check then head straight to …
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