Tag Archives: kenneth alexander

FTSE-listed online gambling group GVC Holdings has achieved growth across its verticals despite undertaking significant corporate adjustments in its takeover pursuit of Ladbrokes Coral Plc. Publishing its audited full-year 2017 results (period ending 31 December), GVC records a 17% increase in group net gaming revenues (NGR) of €925 million (FY2016: €794 million). For its 2017 trading, GVC highlights the continued …

FTSE online gambling group GVC Holdings has this morning informed investors that it expects its full-year corporate earnings to be at the top end of management expectations having finished 2017 trading strongly. Issuing its Q4 2017 trading update (period ending 31 December), GVC reports daily group net gaming revenues of €2.2 million up 24% on corresponding Q4 2016 daily NGR …

FTSE online gambling group GVC Holdings has today detailed its proposed bid for bookmaker Ladbrokes Coral Plc, putting forward a takeover deal that could be worth up to £4 billion, creating a new multi-channel, multi-market gambling group. Bringing clarity to its initial bid (first announced 7 December), GVC’s proposition values Ladbrokes Coral at 160.9p per share, equating to approximately £3.2 billion. However, deal …

FTSE online gambling group GVC Holdings has this morning informed that it has entered ‘detailed discussions’ to form the ‘UK’s largest online and retail betting operator’, as the company continues merger negotiations with Ladbrokes Coral Plc. Updating the market, a GVC-Ladbrokes-Coral combination is valued at £3.9 billion, with GVC presenting a combined cash and shares offer – value range from …

The board of GVC Holdings has today announced that it has sold its Turkish business unit ‘Headlong Limited’ (and associated subsidiaries) to Malta-based technology group Ropso Limited. The FTSE gambling group undertakes its disposal of Headlong assets for a total consideration of €150 million (£132 million). Updating the market, GVC governance expects to conclude its Turkish asset sale by the …

Issuing its Q3 2017 trading update (period ending 30 September), FTSE-listed online gambling group GVC Holdings has reported a continued strong corporate momentum, recording growth across its key metrics and KPIs. Despite competing against a tough Q3 2016 comparative period which featured the final stages of UEFA Euro 2016, GVC would report a 1% increase in daily wagering to €11.3 …

Presenting its H1 2017 interim results (period ending 30 June), FTSE-listed GVC Holdings has detailed strong progress across its digital assets as the company continues to integrate and align its enlarged operations. Detailing strong KPI gains across its sports betting and online casino divisions, GVC would record a 25% increase in group net gaming revenues to €486 million (H1 2016: …

GVC Holdings has reported a Group net gaming revenue (NGR) increase of 10% from the first half of last year (€441.8 to €484.8m), even in the absence of a major football tournament. Issuing its combined H1 and Q2 trading update, GVC also showed that Group NGR per day was up 10% from H1 2016 and 8% for Q2, even though …

Ahead of its Capital Markets Day, FTSE-listed online gambling group GVC Holdings Plc (GVC) has announced a strong start to its 2017 trading, reporting growth across its core metrics. Powered by the strong momentum of its sports betting assets which saw an average of daily wagering of €12 million, GVC would report a 13% year-on-year rise in Q1 2017 new …

The governance of GVC Holdings (GVC), finishes its first year as a FTSE-listed enterprise declaring 2016 as a ‘transformative year’ for its business, in which the enlarged operator has successfully integrated the acquired assets of bwin.party Entertainment. Presenting its full-year 2016 results, GVC would declare combined ‘pro-forma’ group wagering of €4.5 billion. Its high wagering levels were driven by an enlarged …