SBC News Voice of the Sports Betting Industry
Aiming to promote fair competition for consumers, the UK Competition and Markets Authority (CMA) has published invitation on the planned £6.2 billion merger of Paddy Power and Betfair (first announced in August 2015).
The competition regulator has requested for assistance regarding its review of the merger, inviting comments from concerned parties. The CMA noted that any comments or concerns regarding the creation ‘Paddy Power Betfair Plc’ should be submitted for review no later than 20 November.
Issuing a public statement on Monday the CMA invited for deliberation on whether the merger would impact consumer benefits of the UK gambling sector.
“Considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002.
“If so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.” Read the CMA statement
The CMA is expected to deliver its merger decision regarding ‘Paddy Power Betfair Plc’ on 7 January 2016.
