Stories

British gambling companies discuss mega-merger

GVC Holdings said that it is "detailed discussions" to acquire a majority stake in rival British bookmaker Ladbrokes Coral Group, in a deal that could value Ladbrokes at upwards of $5.2 billion.

Why it's a big deal: The result would be a gambling company in the FTSE 100, and comes amid a secular shift from physical betting parlors to digital, broader sector consolidation and a UK regulatory review that could cap the amount people are allowed to wager at fixed-odds gaming terminals (e.g., slot machines).