Ladbrokes Coral gets Foxy Bingo takeover greenlight

Bookmaker Ladbrokes Coral's £4bn takeover by Foxy Bingo owner GVC has been cleared by the Competition and Markets Authority (CMA).

Ladbrokes sponsors the Scottish Premier League. Pic: Danny Lawson/PA Wire.

The CMA said the tie-up between the pair “does not give rise to competition concerns”.

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It said GVC has a small presence in the UK and only offers services online.

The competition watchdog added that GVC and Ladbrokes are “not close rivals and there are many other providers of betting and gaming services online”.