03 Nov
In News
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Ladbrokes, Coral Gala finalize merger; new entity to be called Ladbrokes Coral Group

In some significant news from the iGaming industry, bookmaker Ladbrokes has sealed the merger deal with Gala Coral. From now on, the combined brand will be known as the Ladbrokes Coral Group.

The newly formed entity is valued close to £2.3 billion (€2.6 billion/$2.8 billion), and includes companies like Coral Retail, Eurobet Retail and as well as the bookmaker’s online ventures.

UK Competition and Markets Authority (CMA) gave the green signal for the deal by approving the sale of 360 shops by the bookmakers to competitors Betfred and Stan James.

Earlier, CMA had asked Ladbrokes and Coral sell off between 350 and 400 shops to alleviate competition concerns.

After this approval, Ladbrokes published a prospectus “in relation to the readmission of the combined group to the premium listing segment of the Financial Conduct Authority’s Official List and to trading on the London Stock Exchange”.

John Kelly, chairman of the combined group, said:

“In uniting these two businesses we are bringing together some of the best known and admired brands in betting and gaming.

“We believe that no other gambling business has such a strong heritage, with brands that enjoy such broad appeal and a presence that is woven into the fabric of the UK culture as well as overseas regulated markets.

“Together, we have the opportunity to grow the business building on our scale, the digital opportunity we have in our markets, our international presence and through delivery of significant synergy savings.

“We have a strong management team in place and are already well placed to set about the creation of a new business with a clear focus on delivering the opportunities the completion of the merger offers us.”

Jim Mullen, chief executive of Ladbrokes Coral, said:

“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.”

Carl Leaver, executive deputy chairman of the group, said:

“Our merger with Ladbrokes brings new and exciting opportunities for both companies and, under the leadership of Jim Mullen, we are now in a position to make our ambition of creating the UK's leading betting and gaming business a reality.”

Simona

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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