Tag Archives: GVC

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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Twin.com finds the right Line to further affiliate success

Line Peteri

Just a few weeks into her new role as Affiliate and Marketing Manager for Twin.com, Line Peteri has predicted that 2018 “is going to be a wild year” for the online casino operator. Formerly of Betsson, Peteri has recovered from a bout of illness to join a company that remains small in numbers, but one that is now firmly on …

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GVC Holdings and Ladbrokes Coral – The story so far

After securing a near majority approval of its shareholders to proceed with the proposed acquisition of Ladbrokes Coral Plc, GVC Holdings has further receivgo-aheado ahead of its investor counterparts at the FTSE100 betting  group. The transaction is now set to be forwarded on to the United Kingdom’s High Court for final judgement (target date 23 March) It has, however, been …

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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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Winning Post – GVC hit with heavy fine for misleading adverts

Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. UK: advertising regulation – tough love Amongst the organisations likely to lose out if ever a ban on gambling adverts is instituted is the fines department at HM …

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Yggdrasil expansions continue into Spain

Dirección General de Ordenación del Juego

Yggdrasil Gaming has continued its expansion strategy into new markets, with an announcement that a deal has been reached to offer its titles within Spain. Working in conjunction with existing partner GVC, Yggdrasil details that the firm is set to enter the regulated Spanish iGaming market later this year. GVC, whose strong presence within market of Spain is partly aligned …

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Rising Stars and Hill slides – divergent tracks after merger talks

The degree to which the fortunes of the Stars Group and William Hill have diverged since their failed merger talks 18 months ago provides an interesting counterpoint to the current obsession with sector M&A. A recent note on Stars published by the Canadian analyst team at Canaccord Genuity noted that the company’s share price rose 54 percent in 2017, placing …

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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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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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