GVC Holdings Plc has followed industry precedent by issuing a corporate update on COVID-19 impacts, following the subsequent cancellation/postponement of major sporting events. For the period of 1 January to 23 February 2020, GVC has underlined that trading for the year-to-date has remained strong, with group NGR at +5%, reporting a 16% increase in online gambling benefiting from strong sports …
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FTSE250 gambling group GVC Holdings Plc has completed its first-ever ‘legal panel’ to strengthen corporate counsel across all operational disciplines. Marked as a key directive, GVC governance undertook the development of its first legal panel to represent the firm’s enlarged identity and global growth ambitions. A corporate strategy primarily adopted by large-scale enterprises, legal panels see companies strengthen their counsel …
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Citing market share gains across all operating territories, FTSE250-listed GVC Holdings has backed its underlying corporate strategy to navigate regulatory complexities both home and abroad. Publishing its full-year 2019 results, GVC has recorded a pro-forma net revenue increase of 3% to £3.65bn (FY2018: £3.57bn) driven by the strong growth of its online division and European retail portfolio. Despite competing against …
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GVC’s Director of Regulatory Affairs Martin Lycka revisits the online gambling laws in Germany and sees what the ‘sixteen kings’ have in store for the industry. ____________________ Habemus State Treaty. After years of thick black smoke, white billow has spewed out from the tiny little chimney perched on the roof of the German Gambling Chapel. The sixteen cardinals dispatched by …
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Attendees of CasinoBeats Malta 2020 will benefit from the expertise of both affiliates and operator affiliate managers as more leading companies and senior executives have been confirmed for the March event. The agenda for the premier online casino conference and exhibition, which takes place at the InterContinental Malta on 24-26 March, makes CasinoBeats Malta 2020 one of the key dates in this year’s …
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Issuing a corporate update the governance of FTSE250 GVC Holdings has disclosed that its shareholders have approved relocating the firm’s management control and tax residency to the firm’s London headquarters. The decision follows a vote sanctioned through ‘extraordinary general meeting’ (EGM) held in Gibraltar this week, in which the motion was approved by 99% of GVC investors. Since 2010, GVC …
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Nigel Adams, the UK Minister for Sports and Digital (DCMS), has stated that ‘football’s link with betting’ will form a key part of the government’s ‘imminent review’ of the 2005 Gambling Act. Interviewed by BBC Sport, Adams detailed concerns on football being ‘too dependent’ on gambling sponsorships, as the DCMS Minister outlined the government’s agenda for UK sports. Adams revealed …
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Industry strategic consultancy Regulus Partners starts of the week by looking at the ban on credit cards for betting activity, and further additions to the safer gambling agenda in the UK. UK: regulation – taking credit? Gambling with credit cards, or through wallets funded directly from credit cards, will be banned in GB from April 2020. The consultation responses largely …
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As I write this, we are just two weeks into the new year – or indeed the new decade, as some would have us believe. Either way, what a start it’s been for the UK gambling industry! We ended 2019 with confirmation that the newly elected Conservative Party government intends to act speedily to fulfil its General Election manifesto promise …
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The governance of GVC Holdings has scheduled an ‘extraordinary general meeting’ on 6 February (9 am CET) to vote on relocating the firm’s management control and tax residence from the Isle of man to its UK headquarters. GVC Holdings was incorporated as an Isle of Man enterprise in 2010, where it maintained its management control to benefit from a more …
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