The board of 888 Holdings has informed markets that the UK Gambling Commission (UKGC) will take no further regulatory action against the LSE-listed gambling group. This morning, 888 issued a corporate update announcing that the Gambling Commission had completed its license review, initiated in July 2023 due to regulatory concerns raised on FS Gaming’s investment in the LSE firm. Investors …
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The Board of 888 Holdings has confirmed this afternoon that it has terminated all ongoing discussions with FS Gaming Investments LLC. FS Gaming is the investment vehicle of former GVC Holdings (formerly Entain Plc) leadership duo Kenneth Alexander (CEO) and Lee Feldman (Chairman) – who last month acquired a 6.5% stake in the LSE Gambling Group. Further to the investment, …
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Kenneth Alexander and Lee Feldman, the former leadership duo of GVC Holdings have launched investment vehicle FS Gaming, acquiring a 6.5% stake in embattled 888 Holdings FS Gaming is reported to be comprised of seasoned igaming investors who believe that 888’s is ‘significantly undervalued’ and will help the LSE gambling group overcome its hurdles since acquiring William Hill’s UK and …
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FTSE250-listed GVC Holdings has begun a new era of governance under the stewardship of Barry Gibson who will take up the role of Company Chairman. Updating its investors this morning, GVC detailed that Gibson had taken full control of Chairman responsibilities, ending incumbent Lee Feldman’s 12-year tenure leading the FTSE-listed firm’s corporate governance structures and oversight of leadership directives. Closing …
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FTSE gambling group GVC Holdings has bolstered its corporate governance capacity, confirming the appointment of Jette Nygaard-Andersen as an Independent Non-Executive Director with immediate effect. A 20-year executive in media, entertainment and digital enterprise, Nygaard-Andersen is the former VP and Chief Executive of Stockholm-listed media conglomerate Modern Times Group’s EMEA division. Recognised as one of Scandinavian businesses top digital executives, …
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GVC Holdings has confirmed the appointment of Barry Gibson as the operator group’s Non-Executive Chairman, with the appointment taking effect from today. Over the weekend, Sky News, The Times and The Daily Telegraph reported that Gibson would assume the new position, due to succeed Lee Feldman who will step down on 27 February 2020. Stephen Morana, GVC’s Senior Independent Non-Executive …
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This weekend, UK business news sources have reported that GVC Holdings will confirm the appointment of Barry Gibson as new Group Chairman of the FTSE gambling firm. Sky News, The Times and The Daily Telegraph report that Gibson is regarded by GVC’s board as the man to soothe investor relations, following the firm’s governance dispute in relation to outgoing Chairman …
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Kenneth Alexander, Group Chief Executive of FTSE gambling group GVC Holdings, has underlined his long-term commitment to the company by purchasing £5 million worth of shares. GVC’s leader confirmed that he had acquired 833,000 shares at a purchase price of 588.17p – the transaction sees Alexander increase his total shareholding in the firm to approximately 2.5 million shares. Issuing a …
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This weekend, UK business news sources reported that GVC Holdings seeks a new Chairman, as incumbent Lee Feldman is preparing to announce his formal departure from the FTSE100 betting group. The news of the departure comes amid GVC investor backlash at Feldman and Chief Executive Kenneth Alexander having offloaded a combined 3 million of company shares, at the presumed ‘discounted …
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Further to publishing its Q3 2018 trading update, the governance of FTSE100 GVC Holdings has today confirmed the upcoming departure of Paul Bowtell as Group Chief Financial Officer (CFO). Updating the market, GVC confirms that Bowtell will depart the company’s executive leadership team on 5 March 2019, further disclosing that Bowtell will join London private equity firm Alchemy Partners. …
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