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GVC Holdings PLC (GVC.L)

GVC.L on London Stock Exchange

723.00GBp
18 Sep 2019
Change (% chg)

8.00 (+1.12%)
Prev Close
715.00
Open
716.00
Day's High
724.20
Day's Low
709.80
Volume
2,023,818
Avg. Vol
2,996,140
52-wk High
1,008.00
52-wk Low
504.00

Latest Key Developments (Source: Significant Developments)

GVC Launches EUR 200 Mln First Lien Term Loan B
Monday, 2 Sep 2019 

Sept 2 (Reuters) - GVC Holdings PLC ::DEBT ISSUANCE.LAUNCH OF A EUR 200M FIRST LIEN TERM LOAN B.BORROWER WILL BE GVC'S WHOLLY OWNED SUBSIDIARY, GVC HOLDINGS (GIBRALTAR) LIMITED.PROCEEDS FROM FINANCING WILL BE USED TO PREPAY EXISTING £275M FIRST LIEN TERM LOAN B, OF WHICH £175M CURRENTLY REMAINS OUTSTANDING.  Full Article

GVC Says CEO Bought 833,334 Shares Of Co
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - GVC Holdings PLC ::GVC SAYS CEO KENNETH ALEXANDER BOUGHT 833,334 SHARES OF CO AT 588.17P/SHARE ON AUG. 21 - FILING.GVC SAYS SHARE PURCHASE BY CEO WAS WORTH 4.9 MILLION STG.  Full Article

GVC To Sell Its 50% Interest In Sportium For EUR 70 Mln
Thursday, 18 Jul 2019 

July 18 (Reuters) - GVC Holdings PLC ::DISPOSAL.PROPOSED DEAL FOR EUR 70M.AS PART OF DISPOSAL, GVC WILL BECOME A B2B SUPPLIER TO SPORTIUM.REACHED AGREEMENT TO DISPOSE OF ITS 50% INTEREST IN SPORTIUM APUESTAS DEPORTIVAS S.A. TO JOINT VENTURE PARTNER CIRSA S.A..DEAL CONSIDERATION WILL ALSO INCLUDE REPAYMENT OF LOANS AND DISTRIBUTION OF EXCESS CASH.  Full Article

GVC Says Confident Of Posting FY EBITDA, Oper Profit In-Line With View
Wednesday, 17 Jul 2019 

July 17 (Reuters) - GVC Holdings PLC ::H1 POST CLOSE TRADING UPDATE.QTRLY UK RETAIL LIKE-FOR-LIKE NGR -19%.QTRLY EUROPEAN RETAIL NGR +12%.QTRLY TOTAL GROUP NGR +3%.QTRLY ONLINE NGR +16%.NEW JERSEY FULL ONLINE LAUNCH ON-TRACK FOR START OF 2019 NFL SEASON IN SEPTEMBER.ANY POTENTIAL COSTS IN 2019 ASSOCIATED WITH NEW SPORTS LICENCES ARE EXPECTED TO BE FULLY MITIGATED.CONFIDENT OF DELIVERING EBITDA AND OPERATING PROFIT IN-LINE WITH EXPECTATIONS FOR FULL YEAR."TRANSITION TO A POST £2 STAKES-CUT ENVIRONMENT IN UK RETAIL IS PROGRESSING VERY WELL".IN US, ROAR DIGITAL, OUR JV WITH MGM RESORTS, IS ON-TRACK FOR ITS FULL ONLINE LAUNCH AHEAD OF NFL SEASON IN SEPTEMBER.  Full Article

GVC Responds To Media On Turkish Unit Sale
Monday, 8 Jul 2019 

July 8 (Reuters) - GVC Holdings PLC ::STATEMENT ON PRESS COVERAGE.NOTES YESTERDAY'S PRESS COVERAGE REGARDING DISPOSAL OF GROUP'S TURKISH-FACING BUSINESS IN 2017.DISPOSAL WAS SUBJECT TO AN ARMS-LENGTH COMPETITIVE PROCESS, OVERSEEN BY HOULIHAN LOKEY INVESTMENT BANK.WALK-AWAY FROM TURKISH EARN-OUT WAS A SPECIFIC CONDITION OF GVC'S ACQUISITION OF LADBROKES CORAL GROUP PLC.BUSINESS CONTINUES TO PERFORM STRONGLY AND IS FOCUSED ON TAKING A MARKET LEADING POSITION IN US AND OTHER REGULATED MARKETS.CATEGORICALLY REFUTES SUGGESTIONS THAT GROUP, OR SENIOR MANAGEMENT, CONTINUE TO BENEFIT FROM ANY OPERATIONS SERVICING TURKISH MARKET.WALK-AWAY FROM TURKISH EARN-OUT WAS FULLY DISCLOSED ON 22 DECEMBER 2017.RE-ITERATES THAT SUBSEQUENT TO DISPOSAL OF CO'S TURKISH-FACING UNIT, CO HAS NO ACTIVITY EITHER DIRECTLY OR INDIRECTLY LINKED TO THE MARKET.  Full Article

Nektan Appoints Simon Hay As CFO
Monday, 3 Jun 2019 

June 3 (Reuters) - Nektan PLC ::APPOINTMENT OF SIMON HAY AS CHIEF FINANCIAL OFFICER WITH EFFECT FROM 17 JUNE 2019.SIMON WAS PREVIOUSLY FINANCE TRANSFORMATION DIRECTOR AT GVC HOLDINGS PLC.  Full Article

GVC Holdings' Q1 Total Group Net Gaming Revenue Up 8 Pct
Friday, 5 Apr 2019 

April 5 (Reuters) - GVC Holdings Plc ::Q1 TRADING UPDATE.QTRLY UK RETAIL LIKE-FOR-LIKE NGR FLAT .CONTINUE TO SEE GOOD VOLUME GROWTH ACROSS ALL MAJOR ONLINE BRANDS AND TERRITORIES.QTRLY ONLINE NGR UP 17 PCT.SAYS "REMAIN VERY CONFIDENT OF ACHIEVING OUR TARGET OF DOUBLE-DIGIT ONLINE NGR GROWTH" IN FY.QTRLY TOTAL GROUP NGR UP 8 PCT.IMPACT OF SOFT GROSS WIN MARGINS IN ITALY AND UK WAS OFFSET BY IMPROVED MARGINS IN OTHER TERRITORIES IN QUARTER.BOARD IS CONFIDENT OF DELIVERING EBITDA AND OPERATING PROFIT IN-LINE WITH EXPECTATIONS IN FY.NEW B2 MACHINES STAKES RESTRICTIONS WERE IMPLEMENTED IN UK ON 1 APRIL; CO EXPECTS IT TO BE SEVERAL WEEKS BEFORE co CAN START TO ASSESS IMPACT.  Full Article

GVC Says CEO K. Alexander Sold 2.1 Mln Shares At £6.66/Share
Friday, 8 Mar 2019 

March 8 (Reuters) - GVC Holdings PLC ::CEO K. ALEXANDER SOLD 2.1 MILLION SHARES AT £6.66/SHARE.CHAIRMAN L. FELDMAN SOLD 900,000 SHARES AT £6.66/SHARE.CEO KENNETH ALEXANDER SAYS HE, CHAIRMAN FELDMAN "REMAIN FULLY COMMITTED TO GVC".  Full Article

GVC Says Appointment Of Rob Wood As CFO Takes Effect
Tuesday, 5 Mar 2019 

March 5 (Reuters) - GVC Holdings PLC ::APPOINTMENT OF ROB WOOD AS A DIRECTOR AND CFO TAKES EFFECT ON MARCH 5, WOOD SUCCEEDS PAUL BOWTELL WHO STEPS DOWN FROM GVC BOARD.  Full Article

GVC Says Implemented Plans To Mitigate Impact From Brexit
Tuesday, 5 Mar 2019 

March 5 (Reuters) - GVC Holdings Plc ::FY REPORTED GROUP NGR UP 265% AT £2,979.5M.FY REPORTED GROUP LOSS AFTER TAX OF £56.4M AFTER CHARGING £434.2M.FY REPORTED GROUP UNDERLYING EBITDA UP 203% AT £640.8 MILLION.SECOND INTERIM DIVIDEND OF 16.0P PER SHARE TAKING FULL YEAR DIVIDEND TO 32.0P.FY PROFORMA GROUP UNDERLYING EBITDA UP 13% AT £755.3M.BOARD IS CONFIDENT GROUP IS WELL-PLACED TO ABSORB IMPACT OF TRIENNIAL REVIEW AND ASSOCIATED TAX INCREASES IN 2019.UK AND GIBRALTAR ARE SCHEDULED TO LEAVE EU ON 29 MARCH 2019 AND GROUP HAS IDENTIFIED A NUMBER OF ISSUES ARISING FROM BREXIT.ONLINE BUSINESSES TO BE HEADQUARTERED IN GIBRALTAR AND PLANS WILL NOT HAVE SIGNIFICANT IMPACT ON NUMBER OF EMPLOYEES IN GIBRALTAR.IMPLEMENTED PLANS THAT INVOLVE OPERATING THOSE PARTS OF BUSINESS WHICH HAVE CUSTOMERS IN EU UNDER MALTA ONLINE GAMBLING LICENSES.IN REGARDS TO BREXIT, MADE PRACTICAL CONTINGENCY ARRANGEMENTS TO HELP EMPLOYEES WHO LIVE IN SPAIN BUT WORK IN GIBRALTAR.IMPLEMENTED PLANS THAT INVOLVE LOCATING SERVERS HOSTING ONLINE GAMBLING PLATFORM IN REPUBLIC OF IRELAND.BOARD IS CONFIDENT OF DELIVERING EBITDA AND OPERATING PROFIT IN-LINE WITH EXPECTATIONS.FOR PERIOD 1 JANUARY 2019 TO 24 FEBRUARY GROUP NGR WAS 11% AHEAD OF SAME PERIOD LAST YEAR.FOR PERIOD 1 JANUARY 2019 TO 24 FEBRUARY GRONLINE NGR WAS 22% AHEAD, EUROPEAN RETAIL 9% AHEAD AND UK RETAIL LFL NGR 2% BEHIND.EXPECT REDUCTION OF MAXIMUM STAKE ON B2 CONTENT WILL RESULT IN CLOSURE OF UP TO A THOUSAND SHOPS.  Full Article