Tag Archives: gvc holdings

Clean Turkish break costs GVC Holdings €46 million

SBC News Clean Turkish break costs GVC Holdings €46 million

FTSE online gambling group GVC Holdings has confirmed that it will offload its ‘Headlong Limited’ Turkish business unit relinquishing any payment from the asset. GVC governance undertakes its decision in order to help secure its £4 billion takeover of Ladbrokes Coral Plc, which is currently being reviewed by the UK Competitions & Markets Authority (CMA), which has set a 21 February deadline …

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

SBC News 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

SBC News 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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Norbert Teufelberger departs GVC Holdings governance

SBC News Norbert Teufelberger departs GVC Holdings governance

Issuing a market update, FTSE-listed online gambling group GVC Holdings has confirmed that former party.bwin Entertainment Chief Executive Norbert Teufelberger has stepped down from his duties as a company Non-Executive Director. Teufelberger had been appointed a GVC Holdings governance member, following the company’s 2016 £1 billion outright acquisition of bwin.party Entertainment. Updating stakeholders, GVC announced that Teufelberger had finished his …

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Global betting market to rise by 9% CAGR by 2022, report claims

InBet - Copyright: s4svisuals / 123RF Stock Photo

India-based research group ReportsnReports.com has documented a new study on the rise of the global sports betting industry, with the research forecasting growth at a compound annual growth rate (CAGR) of 8.62% over the next four years. The report, entitled Global Sports Betting Market 2018-2022, argues that the major driver of this market growth is the sports industry’s digital revolution. …

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Ladbrokes Coral targets Q1 closure for GVC Holdings proposition

SBC News Ladbrokes Coral targets Q1 closure for GVC Holdings proposition

Issuing a market update, Ladbrokes Coral governance has detailed that it will move to publish a ‘scheme document’ detailing full information on GVC Holdings £4 billion takeover deal (first announced 7 December). The document which aims to be published by early/mid-February will further inform stakeholders on the deals legal proceedings (Court Meeting) and notices convening at Ladbrokes Coral General Meeting. …

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GVC expects top profits following strong 2017 finish

SBC News GVC expects top profits following strong 2017 finish

FTSE online gambling group GVC Holdings has this morning informed investors that it expects its full-year corporate earnings to be at the top end of management expectations having finished 2017 trading strongly. Issuing its Q4 2017 trading update (period ending 31 December), GVC reports daily group net gaming revenues of €2.2 million up 24% on corresponding Q4 2016 daily NGR …

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GVC completes Turkish offload as 2018 judgement looms

SBC News GVC completes Turkish offload as 2018 judgement looms

Updating the market, FTSE online gambling group GVC Holdings has confirmed the complete disposal of Turkish business unit ‘Headlong Limited’ to Malta-based technology firm Ropso ltd. Last November, GVC governance announced that it would sell its Turkish enterprise and associated assets to Ropso for a total consideration of €150 million. Announcing the sale of Headlong, GVC leadership stated that the …

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Ladbrokes Coral halts legal advisory review

SBC News Ladbrokes Coral halts legal advisory review

FTSE gambling group Ladbrokes Coral Plc will put on hold its legal panel review, as the company and stakeholders await the outcome of GVC Holdings £3.9 billion takeover bid. The enlarged enterprise had scheduled to review its legal advisory set-up, following its first full year in operations (merger confirmed November 2016). Legal news source LegalWeek.com details that Ladbrokes Coral’s new …

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