Tag Archives: kenneth alexander

No BREXIT fears as GVC Holdings posts strong H1 2016 performance

SBC News No BREXIT fears as GVC Holdings posts strong H1 2016 performance

GVC Holdings (GVC) this morning published its half-year trading results (period ending 30 June), detailing a strong H1 performance for both GVC and acquired bwin.party brands which achieved double-digit growth on a constant currency basis. Updating the market, GVC detailed that pro-forma Net Gaming Revenues (NGR) had reached €439 million, up 8% (H1-2015: €407 million). Detailing individual brand performance, GVC …

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DGE grants GVC continued PartyGaming New Jersey licence

SBC News DGE grants GVC continued PartyGaming New Jersey licence

Updating the market, FTSE-listed online gambling operator GVC Holdings has announced that it has received a licence approval by the New Jersey Division of Gaming Enforcement (DGE) to operate its online gambling services within the state. The approval will see GVC Holdings maintain the New Jersey online poker and casino services of subsidiary PartyGaming which has operated in the regulated …

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GVC the ‘Dark Horse’ of betting as company value hits £2 billion

SBC News GVC the 'Dark Horse' of betting as company value hits £2 billion

The Financial Times has labelled FTSE-listed online betting operator GVC Holdings (GVC) the gambling industry’s ‘Dark Horse’ as its corporate value hits the £2 billion mark. Since its £1.1 billion takeover of bwin.party Entertainment (deal completed February), GVC’s growth rate has surpassed competitors 888 Holdings and Ladbrokes Plc.    Its takeover of bwin.party assets has transformed the company, which according …

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GVC secures 10-year platform services agreement with Betfred

SBC News 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

SBC News 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

SBC News 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

SBC News 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

SBC News 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

SBC News 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

SBC News 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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