Two of the UK’s biggest bookmakers Ladbrokes and Coral have agreed on a merger to create Ladbrokes Coral plc which will now be Britain’s biggest betting shop.
Ladbrokes has become on of Australia’s leading bookmakers since opening, it is not known what will happen with the Australian business if anything.
BREAKING: Ladbrokes and Gala Coral complete merger to create Ladbrokes Coral plc, Britain’s biggest betting shop operator
— Racing Post (@RacingPost) July 24, 2015
Ladbrokes chairman Peter Erskine said: “Ladbrokes and Coral are two highly complementary businesses, with rich heritage and brand presence.”
— Racing Post (@RacingPost) July 24, 2015
Gala Coral chairman Rob Templeman said: “This strategic combination is a natural fit and will offer further opportunities for growth.”
— Racing Post (@RacingPost) July 24, 2015
