Tag Archives: kenneth alexander

GVC secures 10-year platform services agreement with Betfred

FTSE-listed betting operator GVC Holdings Plc (GVC) this morning has announced its first major B2B partnership with UK independent bookmaker Betfred for the services of its online sports betting and igaming platform. Updating the market, GVC detailed a ten year ‘transformational B2B agreement’ which will see Betfred fully migrate its digital assets to GVC’s platform provisions on an exclusive basis. …

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GVC Holdings positive on 2016 as all brands report revenue growth

Presenting its first London FTSE market update, GVC Holdings Plc described 2015 as a “momentous year for the company”, having completed its acquisition of bwin.party Entertainment assets in December 2015 (deal officially closed 1 February). Reporting on full-year 2015 results (period ending 31 December), GVC recorded a 10% increase in Net Gaming Revenues (NGR) to €248 million. GVC governance was …

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bwin.party stops trading on London Stock Exchange

bwin.party Entertainment has issued a corporate statement this morning, detailing that it has suspended trading of its stock on the London Stock Exchange. The operator detailed that the UK Scheme Court Hearing had approved its acquisition by GVC Holdings, bwin.party has suspended its trading in accordance with the UK Listing Authority. Releasing the short statement bwin.party governance confirmed its delisting …

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GVC Holdings appoints Nick Batram as Corporate Strategy lead

London AIM listed betting operator GVC Holdings Plc has confirmed the appointment of Nick Batram as new Head of Investor Relations and Corporate Strategy. Batram takes on the newly created role, with GVC Holdings having gained full shareholder approval to finalise its takeover of bwin.party Entertainment, the operator will now push to conclude the deal by 1 February. GVC governance …

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GVC Holdings records strong 2015 performance ahead of bwin.party merger

This morning London AIM listed betting operator GVC Holdings (GVC) issued a corporate trading update for its full year 2015 performance (period ending 31 December) Ahead of its merger with bwin.party Entertainment, GVC reported Net Gaming Revenues (NGR) of €247 million (£184 million) up 10.2% on FY 2014’ €224 million (£167 million). The operator further detailed that during 2015 it …

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GVC reports strong Q4 trading ahead of bwin.party integration

Issuing a trading update for its Q4 2015 performance (period ending 30 November), London AIM listed GVC Holdings reported a 12% net gaming revenue growth with the operator averaging NGR of €716,000. GVC highlighted that its improved performance had been driven by an uplift in its sports wagering which had grown to an average of €4.9 million representing an increase …

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GVC appoints Shay Segev to lead bwin.party merger integration as new COO

GVC Holdings has announced the appointment of Shay Segev as its new Chief Operating Officer. Segev will be in charge of leading the operators merger integration with bwin.party Entertainment, which it acquired in August for £1.1 billion. The appointment of Segev the former Chief Operations Officer of Playtech Plc, represents a major coup for GVC. Segev who had worked for …

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GVC Holdings turns down approaches for bwin.party assets

UK newspaper the Daily Telegraph has reported that GVC Holdings governance has rebuffed a number of offers interested in acquiring its bwin.party Entertainment assets. The Aim listed operator, stated to the newspaper that it had been approached by interested parties in the potential sale of UK bingo operator Cashcade and its B2C brand Foxy Bingo. GVC had received further interest …

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GVC reports record daily revenue gains as bwin.party acquisition nears

Issuing a trading update London AIM listed online gambling operator GVC Holdings has reported record daily net gaming revenue gains (NGR) for its nine month 2015 activity (period ending 30 September). As GVC governance moves to complete its £1.1 billion acquisition of bwin.party Entertainment assets, the operator disclosed an 11% uplift to its daily NGR to €670,000 (Q1-Q3 2014 period – €606,000). GVC’s online …

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Strong sports betting performance drives GVC H1 revenues up 15%

London AIM listed igaming group GVC Holdings, the operator competing against 888 Holdings for the takeover of bwin.party Entertainment, today published its Interim H1 2015 results. Reporting to the market, GVC recorded a 18.6% increase in wagering to €824 million (H1-2014: €694 million) for the period. A strong H1 wagering performance would lead to improved performance throughout all core GVC …

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