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Coral Charterhouse Development Capital is to acquire Coral Eurobet, which includes 870 betting shops, for £860m. 05-Aug-2002 Coral, William Hill, Ladbrokes and other betting groups are expected to return their offshore operations to the UK due to the scrapping of betting tax, which could lead to the creation of up to 1,000 jobs over the next five years. 09-Apr-2001 Coral has secured a £45m cash injection from Morgan Grenfell Private Equity to fund the marketing of its Eurobet online betting service. 05-Feb-2001 Coral is to launch a betting service for WAP mobile phones through its Eurobet division. 26-May-2000 Coral has launched its new Eurobet online gambling business in the UK, which will be based in Woking. 06-Mar-2000 Coral, the bookmaker with 860 betting shops, is planning to float with a valuation of about £1bn. 25-Feb-2000 Coral has acquired Eurobet, the Gibraltar-based internet betting company, for undisclosed terms, and will use it to offer a tax-free betting service to UK customers. 16-Nov-1999 Morgan Grenfell Private Equity has acquired the Coral chain of betting shops from Ladbroke for £390m, but Ladbroke will retain 50 shops in Ireland, eight in Jersey and Coral's 5% stake in Satellite Information Services. 23-Dec-1998 Cinven and Morgan Grenfell Private Equity have gone through to the third round of the bidding to buy the Coral betting shops from Ladbrokes, while Stanley Leisure has pulled out. 10-Dec-1998 A number of companies are said to be preparing to launch bids for the Coral chain of betting shops, including the Tote, Stanley Leisure, Charterhouse, CVC and NatWest Ventures. 17-Oct-1998 Ladbroke has been blocked by the government in its attempt to merge with Coral, and will be required to sell all 833 Coral betting shops within six months. 24-Sep-1998 Stanley Leisure has expressed an interest in acquiring all or some of the 833 Coral betting shops if Ladbroke is forced to sell by the Monopolies & Mergers Commission. 23-Jul-1998 A group of MPs has commissioned a report that claims that Ladbroke's takeover of the Coral bookmaking chain, which has been referred to the Monopolies and Mergers Commission, will reduce competition, put punters at a disadvantage, and give Ladbroke a dominant share of the betting market. 03-Jun-1998 Ladbroke's £363m takeover of the Coral betting shop chain has been referred to the Monopolies & Mergers Commission, and a decision is due on July 7. 01-Apr-1998 Shareholders in Satellite Information Services, the broadcaster of race meetings, are considering plans to bid for Coral's 12% stake in the group following Coral's acquisition by Ladbroke. 06-Jan-1998 The information on this page comes from the UK Activity Report. Click here for further details Copyright UK Business Park 1995-2009