Tag Archives: gvc holdings

ABB anticipates further shop closures during 2019

The impact of stake reductions on Fixed Odds Betting Terminals (FOBTs) is continuing to have a ‘profound impact’ upon UK bookmakers as the Association of British Bookmakers (ABB) anticipates further shop closures by the end of the year. The statement comes after retailers and unions have urged the government to take action over the rate of shop closures on UK …

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Betting bosses withdraw from upcoming APPG hearing

GVC Holdings Group CEO Kenneth Alexander has withdrawn from this week’s Gambling Related Harm All Party Parliamentary Group (GRH APPG) hearing, with the group’s chair Carolyn Harris MP branding the executive’s decision ‘outrageous’. The APPG hearing, which will specifically focus upon identifying and resolving harms caused by online gambling, brings together representatives from a number of leading UK operators including GVC, William Hill …

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All-In Diversity Project launches annual diversity survey

Industry workplace diversity, inclusion and equality program The All-in Diversity Project has launched its second annual survey which will gather data to create its annual report, the All-Index.  The All-Index is used as a benchmark for diversity, inclusion and workplace equality across the gambling and iGaming industry, with over 50 firms now participating in the annual survey. Kelly Kehn, co-founder …

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GVC restructures debt facilities to handle diverse ‘global currency mix’

FTSE gambling group GVC Holdings has this morning issued a market filing, confirming that it has gained access to a €200 million ‘class b’ first-lien term loan. The € debt transaction has been processed through GVC’s operational subsidiary – ‘GVC Holdings Gibraltar Limited’. In its market filing, GVC governance details that the loan has been structured under ‘net leverage neutral …

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Betdaq rolls out 0% commission offer on tennis bets ahead of US Open

GVC Holdings betting exchange property Betdaq has confirmed that it will be reintroducing its 0% commission offer ahead of the US Open 2019 for all tennis bets placed by both new and existing customers. The betting exchange launched the same offer earlier in the year for the Wimbledon tournament, which saw a 307% year-on-year increase in matched bets, while active users were …

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Kenneth Alexander underlines long-term GVC leadership commitment

Kenneth Alexander, Group Chief Executive of FTSE gambling group GVC Holdings, has underlined his long-term commitment to the company by purchasing £5 million worth of shares. GVC’s leader confirmed that he had acquired 833,000 shares at a purchase price of 588.17p – the transaction sees Alexander increase his total shareholding in the firm to approximately 2.5 million shares. Issuing a …

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New ‘Bet Regret’ sees GambleAware ask bettors to rethink behaviours

Targeting UK football fans, this weekend industry charity GambleAware launches the next phase of its ‘Bet Regret’ safer gambling campaign, which will encourage audiences to reconsider their gambling habits. Launching new Bet Regret marketing inventory, GambleAware will accompany the campaign with the tagline of ‘Think Twice or You’ll Bet Regret it’. GambleAware has run its Bet Regret campaign since February …

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Digital confidence sees GVC up 2019 profits guidance

A combination of continued online growth and better than expected UK retail performance has allowed FTSE online gambling group GVC Holdings to upgrade its full-year corporate guidance. Citing market share gains across all major territories, the group recorded group ‘pro-forma’ revenues of £1.8 billion up 5% on corresponding H1 2018’s £1.7 billion. During the trading period, GVC’s enlarged multi-regional online …

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GVC ‘fine tunes’ operational structure with senior product team reshuffle

Gambling group GVC Holdings has confirmed that it will be carrying out a major reshuffle of its senior product team in a bid to fine tune its current operational structure.  As part of the reshuffle, GVC’s deputy chief operating officer Valery Gelfman will be handed the responsibility of monitoring the operator’s senior product team.   Commenting on the changes, Shay Segev, …

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GVC donates football sponsorships to Gamble Aware

Ahead of the upcoming football season, GVC Holdings has confirmed that it will be donating a number its current sponsorship deals to GambleAware’s ‘Bet Regret’ campaign. GVC has confirmed that a total of 42 clubs will be donating their sponsorship assets to GambleAware, including: Sunderland, West Bromwich Albion, Burnley, Sheffield Wednesday and Sheffield United. The move comes a bid to …

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