Tag Archives: kenneth alexander

Further to announcing its leadership change this morning, GVC Holdings has published a H1 post-close trading statement informing investors of the firm’s performance under challenging global conditions.  Navigating COVID-19 complexities, GVC underlined that the company was robust and decisive in implementing cost management actions to ensure that the group achieved its objective of operating at a cash neutral position during …

Kenny Alexander is to step down as CEO of GVC Holdings after 13 years with COO Shay Segev taking control of the FTSE-100 operator almost immediately. Alexander will remain at GVC in the short term as a company executive to support the leadership transition. Confirming the leadership change, Chairman Barry Gibson said: “Kenny has built a remarkable global business, and has …

Shareholders of GVC Holdings and MGM Resorts have sanctioned a further funding round in joint-venture property ROAR Digital, increasing investment in the US market venture to $450 million. The funding is approved to accelerate ROAR’s flagship sportsbook property of BetMGM, which since its launch in 2018 is on track to operate in 11 US states by the end of year …

As it plans to reopen its retail betting venues on Monday 15 June, GVC Holdings has published its ‘comprehensive plan’ of actions and requirements to ensure safety standards across all Ladbrokes and Coral estates.  Leadership of the FTSE100 betting group stated that its reopening plan has been designed ‘to exceed the guidelines’ set by the UK government and World Health …

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, …

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 …