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GVC Holdings PLC (GVC.L)

GVC.L on London Stock Exchange

925.50GBp
19 Jan 2018
Change (% chg)

1.00 (+0.11%)
Prev Close
924.50
Open
928.50
Day's High
928.50
Day's Low
923.00
Volume
418,910
Avg. Vol
1,949,955
52-wk High
996.00
52-wk Low
586.00

Latest Key Developments (Source: Significant Developments)

Gvc Holdings Plc says daily NGR for Q4 rose by 21 pct
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Gvc Holdings Plc ::GROUP ENJOYED A RECORD QUARTERLY NGR IN Q4 2017 AND, AS A RESULT, NGR FOR YEAR TO 31 DECEMBER 2017 IS EXPECTED TO BE CEUR 1,009M​.‍BOARD EXPECTS CLEAN EBITDA FOR FY TO BE AT TOP END OF MANAGEMENT'S INTERNAL EXPECTATIONS​.‍DAILY NGR FOR Q4 INCREASED BY 21% (+25% IN CONSTANT CURRENCY) AND ON AN UNDERLYING BASIS, WAS 31% HIGHER​.  Full Article

GVC Holdings Completes ‍Sale Of Headlong Limited And Other Companies
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - GVC Holdings Plc ::‍SALE OF HEADLONG LIMITED AND OTHER COMPANIES TO ROPSO MALTA LIMITED HAS NOW BEEN COMPLETED​.  Full Article

GVC Announces 50 Mln Euro Increase In Long-Term Refinancing Facility
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Gvc Holdings Plc ::ANNOUNCE EUR 50M INCREASE IN TERM LOAN ELEMENT OF ITS SENIOR SECURED TERM AND REVOLVING FACILITY, ORIGINALLY SIGNED IN MARCH 2017​.‍FACILITY NOW COMPRISES A EUR 300M TERM LOAN AND A EUR 70M REVOLVING CREDIT FACILITY ​.‍ADDITIONAL EUR 50M RAISED WILL BE USED FOR POTENTIAL BOLT-ON ACQUISITIONS AND GENERAL CORPORATE PURPOSES​.‍NOMURA INTERNATIONAL PLC AND DEUTSCHE BANK AG - LONDON BRANCH ACTED AS MANDATED LEAD ARRANGERS​.  Full Article

GVC Holdings announces disposal of Turkish operations
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - GVC HOLDINGS PLC :GVC HOLDINGS PLC - DISPOSAL.‍PLEASED TO ANNOUNCE SALE OF HEADLONG LIMITED, A WHOLLY OWNED SUBSIDIARY, AND OTHER COMPANIES ("HEADLONG AND ASSOCIATED BUSINESSES") THAT COMPRISE ITS TURKISH FACING OPERATIONS TO ROPSO MALTA LIMITED​.SALE HAS PERFORMANCE RELATED EARN-OUT CONSIDERATION OF UP TO A MAXIMUM AMOUNT OF EUR 150M IN CASH​.‍COMPLETION IS CONDITIONAL ON GAMING REGULATORY AND LENDER APPROVAL AND IS EXPECTED TAKE PLACE BY END OF DECEMBER 2017​.‍IN YEAR ENDED 31 DECEMBER 2016, HEADLONG AND ASSOCIATED BUSINESSES GENERATED APPROXIMATELY EUR 35M OF CLEAN EBITDA​.‍BOARD HAS CONCLUDED IT IS NOW APPROPRIATE FOR GVC TO FURTHER INCREASE ITS FOCUS ON REGULATED MARKETS​.‍FOLLOWING DISPOSAL REGULATED 1 AND/OR LOCALLY TAXED PROPORTION OF GROUP'S NGR WILL INCREASE TO APPROXIMATELY 75%​.‍DISPOSAL PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES.​.‍DISPOSAL WILL NOT IMPACT GROUP'S STATED PROGRESSIVE DIVIDEND POLICY​.‍IN ADDITION, BOARD BELIEVES THAT DISPOSAL WILL INCREASE ATTRACTIVENESS OF GROUP TO INVESTORS AND POTENTIAL CONSOLIDATION PARTNERS.​.  Full Article

GVC Holdings ‍says Q3 daily NGR up 10 pct
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Gvc Holdings Plc ::‍Q3 GROUP DAILY NGR UP 10% (+13% CONSTANT CURRENCY)​.Q3 ‍SPORTS BRANDS DAILY NGR UP 11% (+14% CONSTANT CURRENCY)​.‍Q3 GAMES BRANDS DAILY NGR UP 15% (+17% IN CONSTANT CURRENCY)​.‍WITHIN SPORTS BRANDS, GROSS WIN MARGIN FOR Q3 WAS 11.2%​.‍"GROUP HAS ALSO ENJOYED A STRONG START TO Q4, ALBEIT IT IS JUST OVER A WEEK INTO PERIOD"​.  Full Article

GVC Holdings Q1 daily gaming revenue up 13 pct
Thursday, 25 May 2017 

May 25 (Reuters) - GVC Holdings Plc ::Group delivered a strong performance in Q1, with daily NGR up 13 pct (+14 pct in constant currency) on pro forma Q1 2016.Positive momentum reported in Q1 has continued into Q2.Group daily NGR is up 16 pct (+18 pct in constant currency) for Q2 period up to May 21 against same period in 2016."Comparatives will get more challenging as we move through rest of year, particularly in absence of a major football tournament this summer" - CEO.Continued enhancements to customer offering, return to more normalised marketing spend will deliver another year of strong progress.  Full Article

GVC Holdings says CFO Richard Cooper to step down; Paul Miles to succeed
Tuesday, 20 Sep 2016 

GVC Holdings Plc : Richard cooper, chief financial officer, is to step down from board, effective from February 2017 .Paul Miles, currently chief financial officer of consumer credit group Wonga, has agreed to join group in Feb. 2017.  Full Article

GVC says replaces existing financing arrangements
Tuesday, 2 Aug 2016 

Gvc Holdings Plc : Has entered into a commitment with nomura international plc ("nomura") for a replacement of gvc's existing financing . Proceeds of which are to be applied towards repayment of its secured eur 400 million term loan facility with cerberus business finance, llc . Gvc and nomura have committed to eur 250 million nomura loan with formal documentation of agreement being signed by 31 october 2016 . Balance of cerberus loan will be repaid from existing cash resources .Replacement of existing financing arrangements.  Full Article

GVC Holdings says transfers to premium listing
Monday, 1 Aug 2016 

Gvc Holdings Plc : Transfer to a premium listing .Approval by UK Listing Authority of transfer of listing category of all of its ordinary shares from standard listing segment to premium listing segment.  Full Article

GVC Holdings says trading in Q2 has been strong
Wednesday, 13 Jul 2016 

GVC Holdings Plc : Trading statement . Trading update for six month period ending June 30 2016 . Trading in Q2 has been strong with both GVC and bwin.party brands achieving double digit growth on a constant currency basis. . Q2-2016 NGR per day grew by 11 pct compared to Q2-2015 on a pro forma 2 basis, and grew by 16 pct on a constant currency basis . In Q2-2016, GVC brands grew by 24 pct and bwin.party brands grew by 12 pct pro forma 2 year on year on a constant currency basis . In H1 2016, NGR per day grew by 7 pct on a pro forma 2 basis, and 11 pct in constant currency . In H1-2016, GVC brands grew by 15 pct and bwin.party brands grew by 9 pct pro forma 2 year on year on a constant currency basis . H1-2016 total pro forma 2 NGR was 439 mln euros, up 8 pct (H1-2015: 407 mln euros) . H1 2016 NGR on a reported basis 3 was 388 mln euros up 223 pct (H1-2015: 120 mln euros) .Following positive performance reported in Q1, trading in Q2 has been strong with an acceleration in underlying NGR per day growth.  Full Article

UPDATE 1-GVC sees 2017 core earnings at top end of its expectations

Jan 11 Online gambling firm GVC Holdings , which sealed a deal to buy Ladbrokes Coral last month, said on Thursday it expects 2017 core earnings to be at the top end of its own expectations on strong trading in the fourth quarter.