Gambling M&A – impact of competition law

Posted on 03 March 2016 by Andrij Jurkiw & Stuart McMaster. Source: World Online Gambling Law Report

CMA fast tracks Ladbrokes and Gala Coral merger investigation

Mishcon de Reya Partners, Andrij Jurkiw and Stuart McMaster, spoke to World Online Gambling Law Report (WOGLR) in January regarding the announcement by the UK’s Competition and Markets Authority (CMA) that its review of the merger between Ladbrokes and Gala Coral had moved to a Phase 2 investigation. To view the full article, please click here.

Since we spoke to WOGLR, further developments have taken place, with William Hill making a formal submission to the CMA claiming that the Ladbrokes/Gala Coral merger should be blocked on competition grounds (A copy of William Hill's submission may be found here).

Competition law can have a critical impact on M&A activity, and it is possible for rival parties to intervene in the process. Competition law issues can be raised even if the buyer and seller are outside the UK or Europe, provided that the transaction has an impact on these markets.

If you want to discuss how competition issues may affect proposed M&A activity, or if you are concerned that your business may be adversely impacted by the anti-competitive behaviour of others, please speak to your usual Mishcon contact or a member of our Betting & Gaming team.