Tag Archives: kenneth alexander

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 …

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GVC shows global depth countering UK retail realities

FTSE100 GVC Holdings Plc has this morning published its ‘post-close’ interim H1 2019 trading update, citing strong online growth as the company continues to adjust to UK FOBTs retail realities. Despite competing against a tough comparative period featuring World Cup 2018 trading, GVC maintained its digital momentum to record a group H1 2019 NGR of +17%, helping the firm to period …

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GVC governance stands by Turkish freeload

The governance of FTSE100 gambling group GVC Holdings has issued a statement on the press coverage related to the firm’s 2017 sale of its ‘Headlong limited’ Turkish business unit. This weekend, The Sunday Times reported that GVC Holdings faced ‘fresh questions over its corporate governance’, disclosing that Group CEO Kenneth Alexander had sanctioned the sale of Headlong to business associate …

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GVC Holdings confirms Triennial & Technology savings

FTSE100 gambling group GVC Holdings Plc will today host its Capital Markets Day, with corporate leadership outlining the firm’s ‘foundations for long-term market outperformance’. Presenting the firm’s strategic objectives and future prospects, GVC governance details progress on the firm’s enlarged agenda, a year following its transformative acquisition of Ladbrokes Coral. Citing an ‘accelerated migration’ of Ladbrokes Coral online brands onto …

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Andy Hornby steps down from GVC to join The Restaurant Group

Co-chief operating officer of GVC Holdings, Andy Hornby, is to step down from his position at the gambling giant to join The Restaurant Group as its new CEO. Hornby will be replacing the outgoing CEO, Andy McCue, at the Restaurant Group once an official transition date has been confirmed. Originally joining Gala Coral in 2011, Hornby has previously held positions …

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GVC pushes for complete ban on TV Advertising

shareholders

Issuing a corporate statement, the governance of FTSE100 gambling group GVC Holdings has this morning called for an end to all ‘UK sports-betting broadcast advertising, at any time of the day’. In its statement, GVC declares that it believes that the inbound ‘TV whistle-to-whistle’ advertising ban, set to be implemented from 1 July will not serve the industry for its …

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Digital growth sees GVC post ‘excellent start’ to 2019 trading

FTSE100 gambling group GVC Holdings reports an ‘excellent start to the year’, publishing its pro-forma trading update for Q1 2019 (period ending 31-March), as the company now enters a crucial adjustment period for all UK gambling incumbents. Updating the market, GVC governance reports a strong volume of growth across all major territories, driven by the firm’s online gambling assets, as …

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GVC confirms agreed departure of Lee Feldman as Chairman

This weekend, UK business news sources reported that GVC Holdings seeks a new Chairman, as incumbent Lee Feldman is preparing to announce his formal departure from the FTSE100 betting group. The news of the departure comes amid GVC investor backlash at Feldman and Chief Executive Kenneth Alexander having offloaded a combined 3 million of company shares, at the presumed ‘discounted …

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GVC embraces its digital capacity amid a changing UK landscape

Completing its first year as FTSE100 enterprise, GVC Holdings reports that the betting group has demonstrated its global scale and market diversification capacities, delivering growth across all operating territories. The firm’s enlarged portfolio of nineteen brands, operating across multiple European jurisdictions records full-year 2018 group revenues of £2.9 billion (FY2017: £800m) – as GVC governance continues to explore further new …

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Winning Post – Regulation… Are We Bettor Balanced?

Publishing its latest industry opinion, strategic consultancy Regulus Partners details that sector leadership needs to carefully balance the right narrative/debate on tackling the delicate and complex matter of problem gambling… __________________ The hair shirt is this season’s must-have fashion item for the well-dressed gambling executive, and this week was the turn of the GVC executive team to adopt sackcloth and …

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