The second half of 2015 saw three major transactions in the gambling industry
In July we saw the merger of the second and third largest UK retail bookmakers, Ladbrokes and Gala Coral, in a £2.3 billion merger.
In August the £6 billion merger of Paddy Power, the third largest online bookmaker and Betfair, the clear market leading online betting exchange, was announced.
In September GVC, the online gaming operator who had previously acquired a large chunk of Sportingbet saw off 888 and acquired Bwin.party in September for £1.1 billion.
So what is driving these consolidations? Our experts outline several possibilities:
- The ‘shared wallet’ effect
- The ever changing regulatory environment in different jurisdictions
- Tightening up of regulatory requirements in regulated markets
- Mobile/online offering vs old school betting shops