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Gambling company says it will reduce exposure to unregulated markets
Thursday 09 Nov 2017 Author: Tom Sieber

Gaming firm GVC (GVC) is selling its Turkish operations as part of an exit from unregulated markets. There is speculation that this move, announced on 2 November, is aimed at paving the way for the company to launch a formal bid for Ladbrokes Coral (LCL).

Reports suggest previous bid talks stalled over GVC’s involvement in so-called ‘grey’ unregulated markets. Ladbrokes’ shares are up 8% since GVC announced the disposal.

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