Tag Archives: FTSE

US investor demands that Entain revise £250m Enlabs offer 

Entain Plc faces a shareholder clash in its £250 million pursuit to acquire leading Baltics online gambling group Enlabs AB. Texas hedge fund Alta Fox Capital Management, the owner of 3.3% of Enlabs shareholding, has said that it will refuse to sell any shares to Entain at the recommended offer of SEK 40 (£3.50) per share. Led by US investor …

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William Hill foots £30m retail loss for rollercoaster 2020

William Hill Plc has reported a strong Q4 trading period after closing a transformative year for the heritage FTSE betting group.  Updating investors, William Hill reported that group net revenues during Q4 increased by 9%, driven by a strong sportsbook comeback and the firm’s enhanced product offering and geographical expansion.  Positive Q4 trading has helped William Hill soften 2020 Covid …

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Playtech outrides hazardous 2020 ahead of consensus 

Playtech Plc has published a trading update informing investors that its full-year 2020 corporate performance is expected to be ‘ahead of market consensus’. The FTSE250 technology group anticipates reporting a ‘solid financial performance for 2020’ through delivering an adjusted EBITDA expected to be ‘at least €300 million’. Providing a review of its  2020 activities, Playtech underlined that the company had …

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Entain debuts Trident Community Foundation for grassroots football

Entain Plc, formerly known as GVC Holdings, has strengthened its ‘Pitching In’ grassroots sports investment programme by launching the ‘Trident Community Foundation’ in collaboration with regional non-league football partners of The Isthmian, Northern Premier and Southern Leagues. Working with its Trident partners, Entain has established a community foundation to provide direct funding to community-based projects, made available to 228 football …

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GVC seeks scientific edge with Dr Griffiths appointment as Safer Play advisor

GVC Holdings has appointed distinguished behavioural addiction expert and gambling psychologist Dr Mark Griffiths as a strategic advisor on player protections and the development of the firm’s ‘safer play’ technologies. Dr Griffiths, who leads gambling addiction research for Nottingham Trent University, will be tasked with auditing GVC’s group-wide policies, procedures and protocols with regards to developing safer gambling environments for …

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GVC rebrands to ‘Entain Plc’ to mark its ‘new era of sustainability and conduct’ 

GVC Holdings will rebrand its corporate identity to ‘Entain Plc’, as the FTSE100 online gambling group commits to operating 100% across regulated markets by the end of 2023 trading. This morning, GVC presented a series of strategic objectives to investors and analysts, outlining the firm’s ambitious plans to lead the global igaming sector in its era of sustainability and corporate …

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GVC promotes Martin Lycka to lead US regulatory affairs

Martin Lycka

GVC Holdings has continued to restructure its global senior management team after confirming the promotion of Martin Lycka to the newly created role of ‘Senior Vice President of US Regulatory Affairs & Responsible Gambling’. Lycka has formally served as GVC’s Director of Regulatory Affairs (2018-2020), leading the FTSE100 firm’s management of regulatory stakeholders, group-wide licensing requirements and compliance controls and …

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Buttigieg and Elliot to lead GVC’s customer care duties

GVC Holdings has strengthened its group customer care units by creating two new leadership roles to maintain direct oversight of customer responsibilities, safeguards and duties. Confirmed to SBC News, long-term Group AML Director Paul Buttigieg has been promoted to the new position of ‘Director of Player Protection’. GVC stated that Buttigieg would take on an ‘international remit’ to bolster leadership …

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GVC maintains FTSE4Good listing expanding duties with the Carbon Trust 

GVC Holdings has retained its position as a ‘FTSE4Good Index’ business following its annual review of corporate practices.   A London Stock Exchange CSR directive, the FTSE4Good Index was launched in 2001 tracking the performance of listed firms’ environmental, social and governance (ESG) standards.   GVC Holdings has retained its listing on FTSE4Good Index having undertaken an independent assessment of its corporate …

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William Hill confirms Apollo vs Caesars takeover battle

William Hill has issued a statement clarifying media speculation, as city rumours intensify that the FTSE betting group is subject to an imminent US takeover. The board of William Hill has this afternoon confirmed that it has received ‘separate cash proposals’ from US private equity fund Apollo Global Management and its current US markets strategic partner Caesars Entertainment. William Hill …

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