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Ladbrokes and Coral Sportsbook agree to merge
Ladbrokes and Coral Sportsbook merge creating UK giant
Ladbrokes Sportsbook (SBR rating A) has merged with Coral (SBR rating B+) in a massive $2.3 billion annual deal. The two sportsbooks began discussions officially last month, though initial chatter began in June. This consolidation makes Ladbrokes Coral the single largest bookmaker based in the United Kingdom.
Tell me what you think about this news?
I hate Ladbrokes software both versions
I guess a good merger ..too many companies now in the UK space
People in the M&A department in a UK bank are having a crazy night celebrating right now.
well it puts a lot a $h!t ton of money behind the outfit, they have always spent money on going after the punter, that could be good, but two of the worst brick and mortar shops ever to set foot inside of, and always crap odds... so good luck to them but not getting a penny from me. lol.
Of no interest at all to me.
Neither will let me place a bet.
Hope those FOBTs get banned and they go down the gurlger.
Shari, call me please.
I am afraid
Yours truly, R.B Baby
I work for corals , no official statement as yet
Won't go though for at least a year as has to go thru monopolys commission
Betfair, William Hill and Bet365 just crushed all the other UK Books
888Sport also bought Bwin/Party not too long ago, a lot of mergers going on in the Sportsbook industry
anyone play at Coral??
If you place a giant turd on top of another giant turd, what do you get?
The biggest impact of the merger should be on the workforce of the two companies. I predict massive layoffs. Good for stockholders, not so good for employees. Good luck shaunoveryOriginally Posted by shaunovery
Genrally in takeovers the shop staff are the safest they still need people to run and work in the shops, higher management and head office staff are in danger
Not worried they'll cut wages or replace you with an immigrant or a recent college graduate willing to work for half the salary?
Shaun you work for Coral??
What store I might pop down
Give us a freeplay pal I have a Coral account
never been a fan of Ladbrokes software
Two versions and both bad
West london buddy , hope you weren't the fella who had a grand at 4/5 on arsenal in my shop yesterdayShaun you work for Coral??
What store I might pop down
Give us a freeplay pal I have a Coral account
4/5 - that is an excellent price. Well played! How often does your shop have prices comparable to best offshore lines (at least on one of the three football outcomes)? How much would any bettor be able to risk on an average monday night game - like this 4/5 Arsenal punt? Do you think your routine will change at all after the merger (will they change betting limits, introduce player cards or the way lines move)?
And now BETFAIR and PADDY POWER are merging!
Welcome BETTY POWER!
We have higher limits also I have to deal with a lot of arbers or runners I call them you only see them once or twice before you know what there upto but then they just go to the shop down the road , betting on shops on the uk is very different to offshore , you could jump on a bus and go to 5 different shops and have the same bet and rarely does the price move espicAlly for premier games
Think this is mostly online as Betfair don't have hardly any shops
Think the interesting thing is will you be able to take the exchange price in the shops
All what's left is williamhill to merge with betfred 😀
Correct, Ladbrokes = worst odds in the business.
Sportingbet or 888 Holdings is going to buy Bwin group soon as well.
lol
Most of these places are just high juice shops where winners are not welcome
very low limits unless you bad bad odds
really??? i reckon the shops are high on the list to go....look at the mighty 365 they got rid of the shops....they knew what they were doing....everyone has a phone these days....what limits can you get in the shop you work on nfl spreads? amd do you say no to winners...like if i come in everyday pounding horses and winning do you say no to me?
thanks bro i hope i am wrong but i cant see shops hanging around....
Bet365 sold off its fairly small shop estate to Coral in 2005, well before the impact of FOBTs were felt for shops.
Yes there may be shop divestment in monopoly areas, but providing there is a reasonable close Hills/Fred/Paddy/Independent shop there won't be the regulatory need to. Fred only had to dispose of 25 shops in the north west when he acquired the Tote.
Each company though does carry a number of poorly performing shops (mainly old style small backstreet ones) which would go in any case. This is likely to accelerate this.
Can someone please post actual numbers, not just abstract crap? How much can one bet in a coral OR ladbrokes shop on a premier league draw between Man U and Man city?
In my shop you can have 500 pound no problem , but I'm sure you can get more on
Coral advertise that they will take a bet after 9am on Saturday for all horse races shown on Channel 4 from anyone without exception up to a maximum payout of £5000.
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