(Reuters) - Britain's Competition and Markets Authority (CMA) cleared online gambling firm GVC Holdings Plc's (L:GVC) acquisition of Ladbrokes Coral Group Plc (L:LCL) on Wednesday, saying the merger did not raise competition concerns.
GVC agreed in December to take over leading British bookmaker Ladbrokes Coral for up to 4 billion pounds.
"The CMA has found that GVC and Ladbrokes are not close rivals and there are many other providers of betting and gaming services online," the competition regulator said.