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Objections to Ladbrokes and Coral Merger
BRIT HORSERACING INDUSTRY OBJECTS TO LADBROKES-CORAL MERGER
More delays possible as BHA files with the Competition & Markets Authority.
The merger of online and land gambling groups Ladbrokes and Coral, already incomplete despite the passage of a year since agreement was reached, could be further delayed following the latest organisation to put a spoke in the wheel.
This week the British Horseracing Association filed with the UKs Competition & Markets Authority (CMA), protesting that the proposed merger could lead to worse odds for the punters.
Ironically, a former senior Ladbrokes exec , Nick Rust, signed off on the challenge as the chief executive officer of the BHA, warning that the merger could lead to a reduction in the value of media rights that could potentially force the closure of smaller racecourses.
The BHA suggests that if the merger is allowed to complete, the resulting mega-company should be required to contribute to the horserace levy calculated on the basis of its online horseracing revenue.
Referencing the plans to replace the levy system in April next year, Rust wrote that the government’s aim was an outcome benefiting racing, betting, the wider economy and consumers.
He went on: "British racing is concerned that the approval of the merger with the current proposed remedies could significantly undermine those objectives through restriction of competition in the UK retail betting market."
With the CMA deliberations on the merger still ongoing, hopes faded earlier this year that the target date for completion by the middle of this year would be achieved, and the latest challenge would seem to confirm that.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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