Pending regulation and taxes could ignite a boom in online gambling mergers and acquisitions next year that could herald massive consolidation like that seen in the global beer industry, one that has left three giant brewing companies and a host of niche craft brewers, one analyst said on Friday.
Licensing and taxes pending in countries like the Netherlands, Sweden and Australia, plus tightening rules in the UK and elsewhere, mean squeezed margins that will have gambling operators seeking to get bigger in a hurry, said Simon French, a leisure analyst with UK-based Cenkos Securities.
“There should be a lot of M&A in 2018 — if there isn’t, it leaves the industry in bad shape for 2019 and beyond,” he said.
To continue reading please log in or request a demo to speak to a member of the team.
Request a Trial
Click here to request a trial