Betfred interested in Ladbrokes Coral shops

Betfred interested in Ladbrokes Coral shops

Wednesday, December 9, 2015 Totally Gaming
The company already has more than 1,300 retail outlets

Betfred is interested in increasing its retail base through the likely compulsory sale of shops owned by Ladbrokes and Coral ahead of their merger.

The company’s founder and co-owner, Fred Done, told the Daily Telegraph newspaper that he would consider purchasing outlets, potentially adding to his company’s existing 1,350 shops.

“If somebody knocks at my door and says: ‘Fred, do you want to buy some of these shops?’ I’d like to sit down with Coral and Ladbrokes and have a discussion with them,” said Done, whose company has the fourth largest number of UK betting shops, behind William Hill, Ladbrokes and Coral.

The merger between Ladbrokes and Coral would lead to the creation of the UK’s biggest bookmaker, with a new combined business boasting approximately 4,000 shops – around 40 per cent of the UK’s total. 

However, in order for the deal to go through, Ladbrokes and Gala Coral are likely to be required to sell some of their shops to rival companies to satisfy the UK’s Competition and Markets Authority (CMA) regulatory body, with Paddy Power and Boylesports also being linked with purchases.

Last month, a CMA source told TotallyGaming.com that an investigation into the merger was “highly likely”. The two could agree to ‘undertakings in lieu,’ in which they would offer to make concessions to address any competition concerns.
 

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