Betfair-paddy Power Merger Gets The Green Light

UK Competition and Markets Authority gives its blessing

The Betfair-Paddy Power merger cleared another important hurdle this week with the announcement that the UK Competition and Markets Authority Merger Clearance committee has approved the deal, scheduled to complete in Q1-2016 (see previous InfoPowa reports).
Companies in mergers that involve valuations of over GBP 70 million, or where the company controls more than 25 percent of a market, are required to undergo investigation by the Authority to protect consumers and the market.
In related news the Authority has announced that it may be about to embark on a "fast track" enquiry regarding the upcoming merger between Ladbrokes and Gala Coral. Both companies have requested an immediate and accelerated enquiry.

Online Casino News Courtesy of Infopowa

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Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

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