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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.



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2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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Huge Caribbean Hold’Em hit at Bovada Casino - A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.

Halloween Slot Deal For Microgaming - He’s coming back! Microgaming signs licensing deal for horror classic Halloween

New PartyPoker Pro Richard Dubini - A regular player in the Latin American live circuit, Dubini will travel alongside partypoker ambassador Joao Simao to gain feedback from players about partypoker to help optimise both live and online poker for the local players.

Bitcoin Now Available at WinaDay Casino - No one wants to wait to spend their winnings and Bitcoins will be the quickest way for a lot of players to get their money.

$65k Hit on Bitstarz Slot - Bewitching payout of $64,818 was scooped up by a fearless BitStarz player as he played the popular slot Hansel & Gretel: Witch Hunters, based on the movie with the same name!

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