Tag Archives: GVC

Martin Lycka: Sixteen kings trapped in a gambling Gordian knot

In the third of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka ruminates on the development of the online gambling market in Germany. __________________ Once upon a time, there were sixteen kings in a land in the heart of Europe. The land’s credo was thou shalt not gamble online. Nevertheless, the kings’ subjects …

Read More »

Richest ever speaker line-up makes Betting on Sports the must-attend gambling industry event

Betting on Sports 2019 Final Agenda

Over 70 hours of expertise from nearly 300 speakers await visitors to this month’s Betting on Sports conference, making it the must-attend event for everyone in the sports betting and igaming sectors. Industry leaders sharing their invaluable knowledge as part of a packed programme for the event at Olympia London on 17 – 20 September include no less than 70 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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, …

Read More »

Betting operators join payments suppliers for Payment Expert Forum line-up

Payment Expert Forum at Betting on Sports 2019

Payment Expert Forum, the only event for payments technology in the online gambling industry, has attracted an impressive speaker line-up that includes senior staff from leading operators such as GVC Holdings, Stars Group, Pinnacle and Betsson Group, and payments solutions suppliers Trustly, SafeCharge, Hipay and Checkout.com. Organised by SBC in partnership with PaymentExpert.com, the event at Olympia London on Wednesday …

Read More »

Lord Chadlington leads UK Top-5 committee overseeing ‘responsibility expenditure’

GVC Holdings has this morning communicated that the UK’s ‘five leading betting operators – bet365, GVC, Flutter Entertainment, Sky Bet and William Hill – will establish an ‘independent committee’ recommending ‘how to best administer funds’ attached to safer gambling initiatives. Leadership of the betting operators’ have tasked Lord Chadlington (Peter Selwyn Gummer), a vocal campaigner on safer gambling measures, to chair …

Read More »

‘Systematic failings’ cost Ladbrokes Coral £5.9m

Ladbrokes

The Gambling Commission has found ‘systemic failings’ at the Ladbrokes Coral Group leading to the imposition of a penalty package consisting of £5.9m payment and a series of improvement measures that must be implemented by new owner GVC. The regulator has also revealed that more sanctions may be coming down the line as further investigations into the actions of Personal Management …

Read More »

Eight operators fall foul of Spelinspektionen

Eight gambling operators, including Flutter Entertainment and GVC Holdings, have fallen foul of Spelinspektionen after it was revealed that the operators had been offering betting markets on events where the majority of the players were under the age of 18. Bet365, GVC, The Stars Group, Flutter Entertainment, Gaming Innovation Group (GiG), Bethard Group, Casinostugan Limited and Polar limited had all …

Read More »