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 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 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 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 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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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 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 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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888 Holdings has filed a notice with the London Stock Exchange, confirming that Lord Jonathan Mendelsohn will replace Brian Mattingley as its designate company chairman. The appointment of Lord Mendelsohn as new chairman is scheduled to take place at 888’s next annual general meeting in May 2021, with Mattingley officially resigning from all governance duties. In its notice, 888 highlighted …
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New York ‘activist hedge fund’ HG Vora Capital has acquired a 5.1% stake in William Hill Plc for a reported £115 million, reigniting speculation over the FTSE250 betting group’s future options. The investment fund, led by former Goldman Sachs VP Parag Vora, holds a successful track record in gambling having previously held a 5% shareholding in Caesars Entertainment, prior to …
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