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William Hill Warning about Ladbrokes-Coral Merger

Thursday, February 18, 2016 : U.K. BETTING GIANT WARNS ON LADBROKES-CORAL MERGER (Update)
 
Rival William Hill claims the merged company poses a threat to the bookmaking industry.
 
The GBP 2.3 million merger between bookmaking groups Ladbrokes and Coral was the subject of a complaint to the competitions regulator this week by rival William Hill plc, which warned that the enlarged company poses a threat to the market.
 
Reporting on the complaint, The Telegraph newspaper said that William Hill is concerned that the merger will harm competition in the industry, even if Ladbrokes and Coral agree to sell off significant numbers of betting shops.
 
In its submission to the Competition and Markets Authority, William Hill recommended that Ladbrokes and Coral be barred from a tie-up for the same reasons they were blocked from merging eighteen years ago, when a first attempt to combine the two major betting groups was nixed by the Labour government of the day on grounds that it would be anti-competitive.
 
“It is important to recognise that the structure of the market has changed relatively little since 1998,” William Hill said, adding that there were 8,983 betting shops in Britain then, compared with 8,958 last year.
 
“To the extent that the market has changed, those changes reinforce the concerns set out in 1998,” William Hill opined, adding that the market is already significantly more concentrated than it was before.
 
The submission comes at a time when the Competition and Markets Authority is investigating the merger proposed by the two gambling companies and agreed between them last July.
 
William Hill has a competitive concern; if the merger goes ahead Ladbrokes-Coral will unseat William Hill as the biggest bookmaking firm in the UK.
 
The Telegraph notes that Ladbrokes-Coral claims that the rise of Internet gambling, not foreseen as such a powerful force back in 1998, has transformed the betting landscape and creates the space for the partnership to be approved.
 
However, this is an argument with which William Hill disagrees, saying it will not "significantly mitigate the loss of competition resulting from the merger”

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Gambling News :

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

Time is Money Slot Launches - Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.

ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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