Ladbrokes deal synergies likely to take four years

Online gambling group, GVC, is likely to take four years to realise its targeted, £100m (€113m) cost synergies, from its proposed, £4bn takeover of betting giant, Ladbrokes-Coral, writes Geoff Percival.

Online gambling group, GVC, is likely to take four years to realise its targeted, £100m (€113m) cost synergies, from its proposed, £4bn takeover of betting giant, Ladbrokes-Coral, writes Geoff Percival.

GVC — which owns the likes of Foxy Bingo, Sportingbet, and Bwin — has reached agreement to buy Ladbrokes-Coral. The deal is expected to be complete before the halfway point of next year.