Tag Archives: FTSE

Tough Asia backdrop sees Playtech issue new profit warning

FTSE250 gambling technology group Playtech Plc has today issued a corporate profit warning, detailing continued Asian market woes. Issuing its second Asia related profit warning over the past year, Playtech governance details a continued slowdown of its Asian market operations and services. “As previously reported, average daily revenue in Asia continues to be impacted by an increasingly competitive backdrop. Towards the end …

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GVC appoints ‘US-Pro’ Virginia McDowell as new corporate advisor

FTSE-listed gambling group GVC Holdings has confirmed the appointment of Virginia McDowell as an independent non-executive director with immediate effect. A 35-year industry veteran, McDowell will advise GVC governance and leadership on US market growth strategies, stakeholder management, resource planning and execution. McDowell was the former President and CEO of Isle of Capri Casinos, from 2011 until her retirement in …

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Ladbrokes Coral appoints Noel Hamill as Group Marketing lead

UK marketing news source The Drum has reported that FTSE100 bookmaker Ladbrokes Coral Plc has appointed Noel Hamill as new Group Chief Marketing Officer (CMO). Hamill joins Ladbrokes Coral’s leadership team from UK mobile telecoms operator EE, where he most recently served as Managing Director of Marketing (2016-2018). Taking over CMO responsibilities, Hamill will be tasked with leading group marketing …

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High Court approval of GVC terms signals closing time on Ladbrokes Coral Plc

The High Court of England & Wales has sanctioned the outright takeover of Ladbrokes Coral Plc by GVC Holdings, clearing the deals ‘recommended offer’ for investors. GVC governance clears another final hurdle towards securing its industry-changing takeover of Ladbrokes Coral, which this March received both its investor and UK Competition & Markets (CMA) approval. Updating stakeholders, GVC details that its …

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GVC secures investor approval of Ladbrokes Coral takeover terms

Issuing a market update, FTSE-listed online gambling group GVC Holdings has confirmed that it has secured the outright approval by the majority of its shareholders to acquire Ladbrokes Coral Plc. Holding an ‘extraordinary general meeting (EGM)’ this morning, the FTSE gambling firm’s investors have approved the takeover terms set out by GVC governance in its deal prospectus (published 9 February …

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GVC Holdings secures £1.4 billion debt syndication for Ladbrokes Coral takeover

Issuing a market update, FTSE-listed online gambling group GVC Holdings has detailed that it has launched a ‘general syndication’ for its intended debt-financed takeover of Ladbrokes Coral Plc. Pursuing the larger FTSE100 Ladbrokes Coral enterprise, GVC governance has secured a syndicated ‘Lien Term B’ debt-bond valued at £1.4 billion (comprising £, € and US$ tranches). Furthermore, through the restructured debt …

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New look William Hill leadership confident of delivering successful ‘next chapter’

William Hill’s new leadership team is confident of delivering the FTSE bookmaker’s ‘next chapter’ having closed a group-wide transformative 2017. The bookmaker’s £238 million impairment charge on the value of its Australian business, dominated industry headlines last week, as William Hill Chief Executive Philip Bowcock presented full-year 2017 results. Despite the Australian downturn, Bowcock details to investors that William Hill has undertaken …

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Diversified Playtech posts 2017 growth despite facing end of year turbulence

Publishing its full-year 2017 results (period ending 30 December) FTSE250 gambling technology supplier Playtech Plc has delivered metric growth in-line with corporate expectations, despite facing headwinds in both its regulated and unregulated operations. The industry technology provider reports full-year 2017 group revenues of €807 million, up 14% on corresponding FY 2016’s €708 million. Closing its 2017 accounts, Playtech governance declares …

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GVC publishes ‘Ladbrokes Coral Prospectus’ confident of delivering a true global player

The governance of GVC Holdings has today released its ‘combined prospectus’ relating to its £4 billion takeover deal of Ladbrokes Coral Plc. The deal which enters its final stages has been approved by Ladbrokes Coral governance and is set to be reviewed by the UK Competitions & Markets Authority (CMA), which this week set a 21 February deadline for industry comment. …

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GVC Holdings prepares for €187 million tax battle

FTSE online gambling group GVC Holdings has confirmed that it will move to appeal its recently sanctioned ‘tax audit assessment’ by the Greek Audit Centre for Large Enterprises. Updating the market, GVC reveals that it has been charged with a tax assessment of €187 million for its Greek subsidiary’s performance for the audit periods of 2010 and 2011. During the …

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