M&A to follow UK Government review
As early as the end of this month could see the next round of mergers and acquisitions worth billions as the UK gambling industry prepares for the Governments announcement on the review of the gambling Industry.
No-one knows what will be in the review but nobody believes it will be beneficial for the sector and the big operators are looking to consolidate even further to protect themselves over the fallout.
Rumours have it that GVC Holdings and Ladbrokes Coral have already agreed a deal and are just talking about the structure of the new look executive team and board, this say some observers could be the first of many.
Others named that will be looking at more consolidation are William Hill who has been heavily linked with a takeover of 888 Holdings. Paddy Power Betfair that could go on a buy up of independent bookmakers, The Stars Group has also been mentioned as a company looking to get in on the Mergers and Acquisitions front. Other spoken about are The Rank Group and Jackpoyjoy, in fact there is not many companies that are not in the market for a deal.
It is all over the impact of the UK Governments review that is expected by many to have a large impact on the gambling industry and scalability is king to survive the impact.
In the last couple of months before the end of the year will be interesting times following the Governments review and one thing is for sure we are going to see more companies taking part in mergers and acquisitions.