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GVC Holdings PLC (GVC.L)

GVC.L on London Stock Exchange

602.60GBp
17 Jul 2019
Change (% chg)

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602.60
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3,665,603
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1,184.00
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504.00

Latest Key Developments (Source: Significant Developments)

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

GVC Sees Additional 15 Mln Stg Of Cost Synergies In 2020
Thursday, 16 May 2019 

May 16 (Reuters) - GVC Holdings Plc ::CAPITAL MARKETS EVENT.WILL ANNOUNCE AN ADDITIONAL 15 MLN STG OF COST SYNERGIES RECOGNISED IN 2020.WILL ANNOUNCE CONTINUED STRONG CURRENT TRADING WITH FULL-YEAR EBITDA IN-LINE WITH MARKET EXPECTATIONS.TO ANNOUNCE BETTER THAN EXPECTED TRIENNIAL REVIEW IMPACT, LIKELY TO RESULT IN AROUND 15 MLN STG EBITDA BENEFIT FROM 2020 COMPARED TO PREVIOUS GUIDANCE.SAYS "WE ARE MAKING GREAT PROGRESS ON LADBROKES CORAL INTEGRATION".CONTINUED STRONG CURRENT TRADING WITH FULL-YEAR EBITDA IN-LINE WITH MARKET EXPECTATIONS.  Full Article

Mgm Gvc Interactive announces Sportradar as an exclusive supplier of U.S. sports data
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - GVC Holdings PLC ::MGM GVC INTERACTIVE ANNOUNCES SPORTRADAR AS AN EXCLUSIVE SUPPLIER OF U.S. SPORTS DATA.  Full Article

The Capital Group Companies Raises Stake To 12.1 Pct In GVC Holdings
Friday, 12 Oct 2018 

Oct 12 (Reuters) - GVC Holdings PLC ::THE CAPITAL GROUP COMPANIES RAISES STAKE TO 12.1 PERCENT FROM 11.1 PERCENT IN GVC HOLDINGS PLC - FILING.  Full Article

GVC Sees More Cost Savings From Ladbrokes Deal
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - GVC Holdings PLC ::INTERIM RESULTS.CONFIDENT OF DELIVERING A FULL YEAR RESULT IN-LINE WITH BOARD'S EXPECTATIONS.INTERIM DIVIDEND OF 16.0P PER SHARE (H1 2017: 14.6P).HY UK RETAIL LIKE-FOR-LIKE NGR -3%; A GOOD WORLD CUP HELPING OFFSET THE IMPACT OF POOR WEATHER IN FIRST HALF.HY PROFORMA GROUP REVENUE UP 8% AT £1,694.3M.STRONG MOMENTUM IN ONLINE AND EUROPEAN RETAIL HAS CONTINUED.HY UNDERLYING PROFIT BEFORE TAX 162.1 MILLION STG VERSUS 64.4 MILLION STG.A POSITIVE WORLD CUP HELPED IMPROVE TRENDS IN UK RETAIL IN Q2.NOW IDENTIFIED CAPEX SYNERGIES OF AT LEAST £30M IN ADDITION TO £130M COST SYNERGIES FROM LADBROKES DEAL.WILL LOOK TO REINVEST TO FURTHER "STRENGTHEN OUR MARKET POSITION".TRADING IN THE PERIOD 1 JULY 2018 TO 2 SEPTEMBER WAS STRONG.GROUP NGR WAS 14% DURING 1 JULY 2018 TO 2 SEPTEMBER HELPED BY THE FINAL TWO WEEKS OF THE WORLD CUP.ONLINE NGR WAS UP 30% DURING 1 JULY 2018 TO 2 SEPTEMBER.  Full Article

GVC Holdings Says H1 Net Gaming Rev Rose 8 Pct
Wednesday, 18 Jul 2018 

July 18 (Reuters) - GVC Holdings PLC ::H1 GROUP NGR +8%.SAW AN ACCELERATION IN YEAR-ON-YEAR GROWTH IN Q2 2018 OVER Q1 2018 DRIVEN BY GOOD UNDERLYING MOMENTUM AND WORLD CUP.ONLINE NGR GROWTH WAS 22% IN Q2 AND +18% FOR SIX MONTHS TO 30 JUNE 2018.UK RETAIL TRENDS IMPROVED IN Q2 AS WEATHER PROVED LESS DISRUPTIVE THAN IN Q1.WORLD CUP TOURNAMENT AS A WHOLE HAS BEEN A GOOD ONE FOR GROUP.WELL PLACED TO DELIVER AGAINST FULL YEAR EXPECTATIONS.  Full Article

GVC Says Does Not Intend To Seek Judicial Review Of Triennial Review Decision
Thursday, 17 May 2018 

May 17 (Reuters) - Gvc Holdings Plc ::NOTES ANNOUNCEMENT MADE TODAY BY UK GOVERNMENT REGARDING TRIENNIAL REVIEW..SIGNIFICANT RE-ENGINEERING OF MACHINES AND GAMING SOFTWARE WILL ALSO BE REQUIRED TO EFFECT THESE CHANGES."DISAPPOINTED WITH OUTCOME, PARTICULARLY GIVEN INDEPENDENT EVIDENCE ON STAKE CUTS PUBLISHED BY GAMBLING COMMISSION,RESPONSIBLE GAMBLING STRATEGY BOARD".GVC CONFIRMS THAT IT DOES NOT INTEND TO SEEK A JUDICIAL REVIEW OF TRIENNIAL REVIEW DECISION.TODAY'S GOVERNMENT ANNOUNCEMENT MARKS END OF UNCERTAINTY ON FOBT STAKING LIMITS.EXPECT TO RETAIN A PROFITABLE AND HIGHLY CASH GENERATIVE UK RETAIL ESTATE.IN FIRST FULL YEAR IMPACT ON GROUP, EBITDA IS ANTICIPATED TO BE IN REGION OF £160M.ANNOUNCEMENT HAS NO IMPACT ON MINIMUM TARGETED SYNERGIES OF AT LEAST £100M PER ANNUM FROM LADBROKES DEAL.EXPECT TO BE ABLE TO REPOSITION BUSINESS WITHIN TWO YEARS FOLLOWING IMPLEMENTATION, WITH MITIGATED IMPACT OF C£120M ON EBITDA SECURED BY END OF PERIOD.  Full Article

GVC Says All Regulatory Clearances For Ladbrokes Deal Received
Wednesday, 21 Mar 2018 

March 21 (Reuters) - GVC Holdings Plc ::‍ALL REGULATORY CLEARANCES HAVE BEEN RECEIVED IN RELATION TO LADBROKES ACQUISITION;COURT HEARING TO SANCTION SCHEME WILL BE HELD ON MARCH 26​.  Full Article

Gvc Holdings Says Priced And Allocated Debt Financing Package
Monday, 19 Mar 2018 

March 19 (Reuters) - Gvc Holdings Plc ::HAS SUCCESSFULLY PRICED AND ALLOCATED DEBT FINANCING PACKAGE SUPPORTING ITS INTENDED ACQUISITION OF LADBROKES CORAL PLC​.‍FIRST LIEN TERM LOAN B IS ACCOMPANIED BY A NEW £550M MULTI-CURRENCY 5 YEAR RCF PRICED AT E+275​.  Full Article

GVC Holdings Says FY ‍Adj. Profit Before Tax up 182% To 178.7 Mln Euros​
Friday, 9 Mar 2018 

March 9 (Reuters) - Gvc Holdings Plc ::FY ‍ADJUSTED PROFIT BEFORE TAX +182% TO EUR 178.7M​.‍FY CLEAN EBITDA UP 40% TO EUR 239.5M​.‍SECOND INTERIM DIVIDEND EUR 0.175, GIVING FULL YEAR EUR 0.34​.‍STRONG START TO 2018 WITH NET GAMING REVENUE +16% (+18% IN CONSTANT CURRENCY) UP TO 4 MARCH 2018​.‍FY NET GAMING REVENUE +17% TO EUR 925.6M VERSUS PRO FORMA 2016​.‍BOARD'S EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED​.  Full Article

UPDATE 1-UK Stocks - Factors to watch on July 17

July 17 Britain's FTSE 100 index is seen opening 20 points lower at 7,558 on Wednesday, according to financial bookmakers, with futures down 0.26% ahead of the cash market open.