Tag Archives: CMA

The long mooted takeover of the Ladbrokes Coral Group by GVC Holdings has finally reached completion, in a deal that could eventually be worth up to £4bn, just days after the High Court of England and Wales sanctioned the deal. With its shares now delisted from the London stock exchange, as part of the agreement the admission of 271,816,558 ordinary …

The High Court of England & Wales has sanctioned the outright takeover of Ladbrokes Coral Plc by GVC Holdings, clearing the deals ‘recommended offer’ for investors. GVC governance clears another final hurdle towards securing its industry-changing takeover of Ladbrokes Coral, which this March received both its investor and UK Competition & Markets (CMA) approval. Updating stakeholders, GVC details that its …

BGO Entertainment has agreed to change the way in which it offers bonus promotions, following a Competitions and Markets Authority (CMA) investigation. Relating to consumers who play “casino-like games online”, the adjustments give users the ability to access and release their own money. The study, carried out in conjunction with the Gambling Commission, aims to ensure that the £4.7bn online gambling …

The Competition and Markets Authority (CMA) has announced that it has cleared the proposed GVC takeover of Ladbrokes Coral, following a merger investigation. Revealing the case is not to be referred for a more in-depth investigation, the CMA found that “the merger does not give rise to competition concerns.” Addressing arguments that the merge could create a “a substantial lessening …

After securing a near majority approval of its shareholders to proceed with the proposed acquisition of Ladbrokes Coral Plc, GVC Holdings has further receivgo-aheado ahead of its investor counterparts at the FTSE100 betting  group. The transaction is now set to be forwarded on to the United Kingdom’s High Court for final judgement (target date 23 March) It has, however, been …

The Competition and Markets Authority (CMA) has launched a further investigation into gambling firms withdrawal procedures. Detailing “enforcement action” being launched against a “number of online gambling firms,” concerns have been raised regarding unfair obstacles that may be placed in the way of people withdrawing their money, whether that be part of promotion or not. In its statement the CMA …

The Competition and Markets Authority and the Gambling Commission have been working together since October 2016 to stamp out unfair terms and conditions of, and misleading practices by, UK licensed online gambling operators. As anticipated from a speech given by CMA Project Director George Lusty at last November’s Gambling Commission “Raising Standards” conference, things have now come to a head …

Operators will need to take ‘immediate steps’ to comply with consumer protection law or face enforcement action, after a joint investigation between the Competition and Markets Authority (CMA) and the Gambling Commission into bonus promotions. The CMA report states gambling firms must “stop unfair online promotions that trap players’ money,” with changes now having to be adopted across the sector. Three operators have …

Operators will have to extensively alter their bonus terms and conditions if they are to avoid being taken to court by the Competitions & Markets Authority (CMA). Speaking at the Gambling Commission’s Raising Standards Conference 2017 yesterday, CMA Project Director George Lusty outlined key areas where operator behaviour has to change. Lusty identified six areas of particular concern: Opaque terms …

At the end of May, Tim Miller, Executive Director at the UK’s Gambling Commission made a speech at the IAGA International Gaming Summit in New York. Just over a month later, the Commission unveiled its new enforcement strategy, intended “to ensure operators put customers first and raise standards” in the words of Sarah Harrison, the Commission’s Chief Executive. These two …