GVC Holdings has moved to restructure terms on its revolving credit facility with existing lenders, allowing for greater flexibility as the FTSE firm navigates global COVID-19 business complexities. Last March, operating on a ‘worst-case scenario’ basis, whereby the global sports calendar would be suspended until August, GVC governance sanctioned access to a £550 million revolving credit facility, with a view …
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GambleAware has revealed that donations to the charity have surpassed its £10 million minimum target for the first time. Publishing the full list of donations received between 1 April 2019 and 31 March 2020, it revealed that gambling operators and suppliers had made £10.05 million in voluntary donations to the charity, which is not inclusive of money received through regulatory …
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SPFL football club Rangers FC has confirmed that it will not renew its in-stadia wagering partnership with bookmaker Ladbrokes, however the announcement seems to be little more than posturing from the Glasgow football club. This morning, Rangers Commercial Director James Bisgrove communicated that Ladbrokes in-stadia betting services would be discontinued from Ibrox in advance of the SPL 2020/2021 season. “Following …
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GVC Holdings Director of Regulatory Affairs Martin Lycka explains how 2020 events have handed the industry a crisis agenda that incumbents must accept and match with responsibility and good faith… The stakes have never been placed this high on operator conduct. ______________________ Sunday morning – end of winter. With the NHL and the NBA regular seasons entering their final quarter, …
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GVC Holdings has predicted that EBITDA could fall by £50m per month, a figure significantly smaller than the initial £100m predicted in March. The drop comes after the gambling group has continued to initiate a number of mitigating actions in light of the COVID-19 pandemic. GVC estimated the average monthly cash outflow would be limited to approximately £15m per month, …
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GVC Holdings has this morning confirmed the promotion of Grainne Hurst to the position of Group Corporate Affairs Director, becoming a member of the FTSE250’s firm’s executive leadership team. Hurst has formerly served as GVC’s Director of Responsible Gambling, a position she held since the Group’s acquisition of the Ladbrokes Coral Group in March 2017, where she led the company’s …
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GVC Holdings has underlined its support for the Betting and Gaming Council’s (BGC) ‘coordinated approach’ to provide consumers with the safest gambling environments during the current Covid-19 pandemic and beyond. The FTSE250 betting group has emphasised the need for greater responsibility during a period in which a ‘quarter of the global population in some form of lock-down’. This could lead …
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COVID-19 disruptions dominate all global businesses agenda. Nevertheless, industry communications expert Jake Pollard details that betting leadership should expect higher scrutiny on VIP player engagements and interactions during a time of global crisis. _____________________ As the Coronavirus pandemic bulldozes into every facet of our lives, the £11.6m fine meted out to online sportsbook Betway by the Gambling Commission this month …
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This March, gambling harm prevention agency EPIC Risk Management announced its most ambitious initiative to date by partnering with GVC Holdings to launch gambling harm educations programmes. Paul Buck, CEO of EPIC Risk Management, is leading the directive supported by GVC’s ‘US Foundation’. SBC spoke to him about transferring gambling harm learnings to the US’ fragmented health and civic networks. …
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Issuing a statement, the British Horseracing Authority (BHA) has confirmed that all British horseracing will be suspended until the end of April. The BHA stated that after taking into account the government’s recent advice regarding the growing coronavirus (COVID-19) pandemic, the only option was to suspend all racing in order to ensure that safety measures are secured. Nick Rust, Chief …
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