Early day motion tabled by primary sponsor Alex Salmond (Scottish National Party), on Wednesday, 14 January 1998, in the House of Commons. It is signed by 64 members in total.
ACQUISITION OF CORALS BY LADBROKES
That this House is deeply concerned about the proposed acquisition of Corals by its main competitor in the British bookmaking markets, Ladbrokes; sees the takeover as not being in the public interest as it would establish a large monopoly in the betting industry in the United Kingdom, currently worth in excess of ??7 billion per annum; notes also that, if approved, such a buy-out would further restrict competition and consumer choice, particularly in local markets and create undesirable levels of financial interests in betting subsidiary services SIS and BAGS, thereby risking undue prominence in their decision making processes; and calls upon Her Majesty's Government to immediately halt the sale by referring it to the Monopolies and Mergers Commission.
Secondary information
- Type
- Early day motion
- Reference
- 644
- Session
- 1997-98
- Other sponsors
- John McAllion
- Eric Clarke
- Jeff Ennis
- Baroness Winterton of Doncaster
- Baroness Adams of Craigielea
- Subjects
- Takeovers Coral Group Ladbrokes
- Link
- View this Early day motion on www.parliament.uk
Librarians' tools
- Timestamp
- 2014-09-04 18:21:42 +0100
- URI
- http://data.parliament.uk/edms/15881
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/edms/15881
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/edms/15881