The Ladbrokes migration is the largest that GVC has completed and represents one of the final parts of what has been the most complex integration process in the gambling industry to-date. Furthermore, the final migration of 12.5m Ladbrokes customers has been completed at a time when all of the teams involved in the process have been working remotely, the company informed.
With the platform migrations now complete, the remaining process and back office integrations can now take place, with the Group on track to deliver the full £130m of annualised synergies by the end of 2021. The completion also frees up significant technical resources that can be redeployed to drive product innovation and execute further M&A where the opportunity arises.
GVC COO Shay Segev commented: “I am delighted that this critical and hugely complex stage of the Ladbrokes Coral integration process has been completed so successfully. It is a great testament to the sophistication of our technology and the quality of our teams, and it is particularly impressive that they have managed to finalise it during this period of remote working. It also positions the business even better to emerge from the current crisis from a position of strength.
“The GVC integration model has proved itself time and again to be extremely effective at integrating large-scale operations with minimal disruption to our underlying business. As a result, we are confident in our ability to take advantage of the attractive M&A opportunities which we believe will present themselves to us in the future while further boosting the growth of our existing business.”