Tag Archives: kenneth alexander

Monster Call… GVC leads £3.9 billion Ladbrokes Coral merger talks

shareholders

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 …

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Güle güle – GVC sells all Turkish related assets focusing on ‘regulated market growth’

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 …

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Marketing & product refinements help GVC navigate quiet Q3 2016 sports calendar

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 …

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Effective integrations see enlarged GVC post ‘solid’ H1 2017 performance

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: …

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Enlarged GVC Holdings posts full-year 2016 profits of €93.8 million

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 …

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GVC Holdings secures €320 million loan towards ‘long term’ refinancing

shareholders

Updating the market, FTSE-listed sports betting group GVC Holdings Plc (GVC) has confirmed that it has secured a further investment of €320 million (£275 million) through a secured ‘term loan’ and ‘revolving credit facility’ (RCF). GVC governance detailed that its funding compromised of access to a €250 million ‘term loan’ and a €70 million revolving credit facility (RCF). The loan …

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‘International diversity’ helps GVC Holdings ride out tough Q4 2016 closing

Issuing a corporate trading update, the governance of FTSE-listed GVC Holdings Plc (GVC) has reported a resilient Q4 2016 closing with the operator able to cushion ‘punter friendly’ results and adverse currency fluctuations recorded during the period Despite the tough conditions, GVC was able to record growth throughout its top-line metrics, reporting growth in its group sports wagers, operating margin …

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GVC reduces net debt by selling payments processing business

GVC - Copyright: magurok / 123RF Stock Photo

GVC has agreed to sell its payments processing business Kalixa Group to Singapore-based global payments operator Senjō Group for a total consideration of €29.0 million payable in cash on completion. Prior to completion, an amount equal to the free cash (over and above €2.1 million) in the Kalixa Group will be retained by GVC by way of dividend. The sale …

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