PROPOSED ACQUISITION OF CORALS BY LADBROKES

Early day motion 831, tabled 25 February 1998 by Neil Gerrard (Labour). Signed by 20 members.

That this House expresses its concern at the proposed acquisition by Ladbrokes of 833 Coral betting shops and two Coral greyhound racecourses; recognises the high proportion of BAGS meetings acquired by Ladbrokes tracks and the price paid for greyhound races by BAGS; and urges the Government to refer the bid for Coral to the Monopolies and Mergers Commission so that they can further investigate BAGS tender prices and to require that this takeover and concentration of the off-course bookmaking market should only proceed if Ladbroke-owned tracks do not supply greyhound races to BAGS and Ladbrokes transfer their share of SIS acquired from Coral to the greyhound racing industry.

Signatures by party: Labour 20.