Time to consolidate says GVC management

After posting strong results for 2017 this week, online (and soon retail) gambling group GVC Holdings management told the Reuters news agency that following a expansion phase that has included the imminent GBP 4 billion acquisition of the Ladbrokes Coral group it was probably a good time for the company to consolidate its assets.

Whilst there would be more merger activity in the UK market in the year ahead, it is unlikely that GVC Holdings will be a participant, chief executive Kenneth Alexander told the news agency.

“I expect there would be some more deals in the next 12 to 18 months in UK,” Alexander said.

“We bought Ladbrokes Coral and we are done for the UK. Ladbrokes is what we wanted, we got them and we are biggest in the UK when the deal closes so we don’t need anything more here.”

That did not mean that GVC would not consider acquisitions in other markets, Kenny said.

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