Betting shares rise as Ladbrokes attracts huge €4.4bn bid

Betting shares, including Paddy Power-Betfair, rose sharply on the back of further industry consolidation talk, this time concerning a potential $5.2bn (€4.4bn) takeover of Ladbrokes-Coral by online operator GVC, which owns Bwin and Foxy Bingo, writes Geoff Percival.

Betting shares, including Paddy Power-Betfair, rose sharply on the back of further industry consolidation talk, this time concerning a potential $5.2bn (€4.4bn) takeover of Ladbrokes-Coral by online operator GVC, which owns Bwin and Foxy Bingo, writes Geoff Percival.

GVC’s move comes at a pivotal moment for the British gambling industry, which is undergoing a government review.