As one of the most commonly discussed topics on the market at the moment, the impending takeover of Ladbrokes Coral is back in the news. According to several sources, Foxy Bingo and their parent company, GVC, will be using their increased income to help their expansion across the network.
Following their purchase of bwin.net and their move into the mobile online casino gaming experience, GVC has become even bigger than before. With sales now up to just under £800m, a near 25% increase in previous revenue, there’s plenty of suggestions on the market that a £4billion move to purchase Ladbrokes Coral could be closer.
As the biggest UK bookmaker, this would be a further indication that GVC are serious about taking over as much of the market as they can. With 2.5% share increases at the moment, GVC is arguably in the strongest position it has ever been in.
This favorable financial position has seen the chances of their takeover of Ladbrokes Coral higher than previously expected. With their entire growth reaching highly impressive earnings of around £213m, the company is in a majorly positive position to take over Ladbrokes Coral.
With close to half of their revenue being made up by the lucrative mobile gaming industry, expect to see more and more GVC-backed mobile gaming enterprises on the horizon. If this takeover goes through, it might just be the biggest takeover in the gaming industry for a long time to come.