Tag Archives: kenneth alexander

GVC places ‘sports & community’ at the forefront of new responsibility drive

SBC News GVC places 'sports & community' at the forefront of new responsibility drive

Further to announcing its new social responsibility commitments, FTSE100 betting group GVC Holdings today launches its new ‘Community Programme’, focusing on increasing funding to UK sports and social initiatives. Launched at a Parliamentary reception attended by Baroness Tanni Grey-Thompson, GVC governance outlined the key objectives of its Community Programme working alongside charity SportsAid. Moving forward, the FTSE enterprise seeks to …

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GVC Holdings commits to new responsibility action plan

SBC News GVC Holdings commits to new responsibility action plan

As anticipated the governance of GVC Holdings, has this morning unveiled its new social responsibility corporate directive, seeking to reduce problem gambling harms, while further improving all-around industry standards. Presenting the firm’s new social responsibility and community mandate, Kenneth Alexander, GVC’s CEO, commented on the announcement: “As a leader in the industry, we fully recognise the need to ensure we …

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GVC’s Kenneth Alexander calls for betting leaders to commit to advertising restraints

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Kenneth Alexander, Chief Executive of FTSE100 gambling group GVC Holdings, thinks that the industry’s leading players must show restraint in advertising in order to win back the public’s trust. Business news source City AM reports that Alexander will this week call for a ‘ban on gambling adverts being shown before the UK 9 pm watershed period’. The boss of GVC …

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GVC Joins US National Council on Problem Gambling funding ‘major new study’

SBC News GVC Joins US National Council on Problem Gambling funding 'major new study'

The governance of FTSE-listed gambling group GVC Holdings has confirmed that it has become a syndicated partner of the US Council on Problem Gambling’s ‘Presidents Circle’. Joining the Council and expanding its presence as a US market stakeholder, GVC governance confirms that it will help fund ‘a major new study into the prevalence of gambling in the US and potential …

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New look GVC shows its digital muscle as governance targets growth on global scale

SBC News New look GVC shows its digital muscle as governance targets growth on global scale

Publishing its interim 2018 results (six-month period ending 30 June), FTSE-listed GVC Holdings displays its enlarged capacity as digital and European growth helps override tough UK retail trading conditions. Presenting its first report incorporating the assets of Ladbrokes Coral (acquisition officially completed on 28 March 2018), GVC records group revenues of £1.1 billion. In its report, GVC governance highlights its …

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GVC & MGM to create “one of a kind” platform for US expansion

SBC News GVC & MGM to create “one of a kind” platform for US expansion

As anticipated FTSE-listed GVC Holdings has this morning confirmed the establishment of its 50-50 US joint venture with MGM Resorts International (MGM). Updating the market, GVC governance states that the joint-venture will significantly expand its US position granting direct access to regulated US states, with both venture parties securing ‘meaningful early mover advantages.’ “With a proven track record as partners-of-choice, …

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GVC Holdings to unveil ‘MGM Masterstroke’ next week

SBC News GVC Holdings to unveil 'MGM Masterstroke' next week

Sky News has this morning reported that FTSE-listed gambling group GVC Holdings is set to unveil it’s $/£ multi-million US strategic partnership with MGM Resorts International next week. According to city insiders, GVC governance is finalising plans on a long-term 50-50 joint venture with MGM Resorts, considered the US’ largest casino operator. Both parties will commit an initial $100 million …

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Enlarged digital capacity sees GVC publish strong H1 2018 guidance

SBC News Enlarged digital capacity sees GVC publish strong H1 2018 guidance

The governance of FTSE100 GVC Holdings has today published an ‘H1 2018 Post Close Trading Update’ outlining the firm’s enlarged capacity/performance, having completed the acquisition of Ladbrokes Coral last March. The pro-forma guidance reports ‘positive growth trends’ across its core metrics and KPIs, as the enlarged operator reports a +8% increase in Group NGR during H1 2018. The enlarged FTSE …

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GVC Holdings and Ladbrokes Coral – The story so far

SBC News 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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