What's happened to the share price then? 16.5% down over September alone!
FOBT report ranges max stake cut from £100 to £50 with lower options available too. Gov to consult for a further 12 weeks. It also mentions that the UK online market is worth £4.5 billion per year, so a Ladbrokes deal seems attractive.
dave249, from their 2016 Annual report - the UK market is just under £6billion, around the same size as the rest of Europe added together. The next biggest EU market is Germany at just under £1.5billion.
I should say - A bid offer of up to £3.6 billion (depending on the FOBT report due this Autumn.)
Ladbrokes Coral has a market cap of £2.28 billion, GVC value them at £2.7 billion and make a bid offer of £3.6 billion, only for talks to break down - their shareholders will be seething!