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7th December 2017, 19:02

​Two Gibraltar based gambling companies are in detailed merger talks

Two Gibraltar based gambling companies are in detailed merger talks, which if successful will create one the world’s largest betting groups worth up to £5.7bn, according to the Financial Times.

This is the third time in a year that Bookmaker Ladbrokes Coral and gambling group GVC have entered into discussions.

In a joint statement, the Boards said the enlarged group would be an online-led globally positioned betting and gaming business that would benefit from a multi-brand, multi-channel strategy.

Under takeover rules, GVC has until 4th January to make a firm offer for Ladbrokes or withdraw.