The bookmaker BoyleSports has revealed its intention to acquire more betting shop chains in both Ireland and the UK.
UK.- Recent changes in UK regulations have bookmakers trying to establish what next move will be the right one. Irish bookmaker BoyleSports has announced an agreement to acquire five Galway-based betting shops owned by Mulholland Bookmakers. It will also acquire 13 more shops in Birmingham.
The new deal in Galway will bring the number of shops owned by BoyleSports in Ireland to approximately 260. This move comes right after the introduction of an increase in tax to 2% that will see independent chains consolidate in order to make it through.
In June the company acquired 13 betting shops in Birmingham from Wilf Gilbert and recently finished their rebrand. A second acquisition will take place in the upcoming weeks and will elevate the number of UK shops owned by BoyleSports to more than 20. Moreover, the company is in talks with other UK-based bookmaker chains to expand its presence in the territory.
Back in 2016, the company wanted to acquire more than 350 UK-based shops from the merger of Ladbrokes and Coral. The companies were forced to sell those shops as a condition to be able to merge. However, it lost the bid to UK firms Stan Jams and Betfred.