Lack Of Growth Is Driving Consolidation In U.k. Gambling Industry

LACK OF GROWTH IS DRIVING CONSOLIDATION IN U.K. GAMBLING INDUSTRY

14th August, 2015 at 19:58:36
Source: http://www.azonlinecasinos.com

London analyst discusses prospects for Ladbrokes, Coral, William Hill, Betfair and Playtech.

Discussing the UK gambling industry in a Proactive Investors interview Friday, Market analyst Stephen Schutte said a lack of growth is the main driving force behind the wave of consolidation deals among UK bookmakers, and that smart bookmakers ensure they have digital as well as land-based operations.

In a wide ranging discussion Schutte talked about the impact of the Ladbrokes-Coral merger (see previous reports) and whether it would prompt William Hill to make further acquisitions. He also discussed the short sellers and Betfair, and Playtech's prospects.

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