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Betfred Set To Purchase 360 Betting Shops From Ladbrokes-Gala Coral
- Updated: September 27, 2016
Warrington-based Betfred is widely tipped to have tabled the winning bid for the 360 betting shops being sold as part of the £2.3 billion Ladbrokes and Gala Coral merger.
The Competition and Markets Authority (CMA) gave the green light to the Ladbrokes and Gala Coral merger on the basis they sold a number of their betting shops. Initial reports suggested up to 1,000 shops would have to be sold, but the CMA then set the figure at “between 350 to 400 licensed betting offices.”
Ladbrokes currently operates 2,154 betting shops in the United Kingdom and Coral operates approximately 1,850. Without the sale of the 360 betting shops, the merged company would have more than 4,000 outlets, dwarfing the 2,370 shops of the next …
