Ireland’s Competition and Consumer Protection Commission is to assess the proposed merger between leading operators Ladbrokes and Gala Coral.
First announced last summer, the agreement, if approved, would lead to the creation of a business worth approximately £2.3 billion.
The Competitions and Markets Authority the CCPC’s counterpart in the UK market, has already announced that it will undertake an investigation of the proposed deal, with a decision due before June 24 this year.
The CCPC has now announced it will also assess the merger agreement, having been notified of the proposed deal earlier this week.
Confirmation of the CCPC assessment comes after the UK CMA said it would not investigate the deal further if Playtech, which owns a 10% stake in Ladbrokes, may favour the merged entity at the expense of its rivals.
“Irrespective of whether Playtech may have the ability to completely or partially foreclose other betting and gaming operators, Playtech currently has no incentive to do so and its increased shareholding in Ladbrokes does not appear likely to change its incentives,” the CMA said, according to Ireland’s Independent newspaper.
Full content: iGaming Business
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI