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GVC Holdings PLC (GVC.L)

GVC.L on London Stock Exchange

979.00GBp
7:53pm IST
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Latest Key Developments (Source: Significant Developments)

GVC Holdings Appoints Pierre Bouchut As Independent Director
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - GVC Holdings PLC ::APPOINTMENT OF A NEW INDEPENDENT DIRECTOR.APPOINTMENT TODAY OF PIERRE BOUCHUT TO GVC'S BOARD OF DIRECTORS AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR.  Full Article

GVC Announces Joint Venture With MGM Resorts For U.S. Venture
Monday, 30 Jul 2018 

July 30 (Reuters) - GVC Holdings PLC ::JOINT VENTURE WITH MGM RESORTS INTERNATIONAL.ESTABLISHMENT OF A 50/50 JOINT VENTURE WITH MGM RESORTS INTERNATIONAL.VENTURE WILL ESTABLISH A SEPARATE HEADQUARTERS TO BE LOCATED IN A MAJOR U.S. TECHNOLOGY HUB.VALUE OF GROSS ASSETS OF JOINT VENTURE IS US$200 MILLION.GVC SHALL SATISFY CONSIDERATION IN RESPECT OF JOINT VENTURE TRANSACTION WITH CASH FROM ITS EXISTING BALANCE SHEET.THERE ARE NO PROFITS ATTRIBUTABLE TO ASSETS OF JOINT VENTURE.  Full Article

The Capital Group Companies Discloses 10.026 Pct Stake In GVC Holdings
Wednesday, 25 Jul 2018 

July 25 (Reuters) - GVC Holdings PLC ::THE CAPITAL GROUP COMPANIES INC DISCLOSES 10.026 PERCENT STAKE IN GVC HOLDINGS PLC VERSUS EARLIER STAKE OF 5.069 PERCENT.  Full Article

Eml Payments Unit Entered Agreement With Gvc Holdings PLC
Monday, 2 Jul 2018 

July 2 (Reuters) - Eml Payments Ltd ::UNIT ENTERED AGREEMENT WITH GVC HOLDINGS PLC FOR PROVISION OF BRANDED RELOADABLE CARDS FOR EUROPEAN ONLINE GAMING BRANDS.  Full Article

GVC Says For Jan 1 To May 20, UK Retail LFL Net Gaming Revenue down 5 pct
Friday, 25 May 2018 

May 25 (Reuters) - Gvc Holdings Plc ::TRADING UPDATE AND HISTORIC PRO FORMA FINANCIALS.ANNOUNCES A CHANGE IN REPORTING CURRENCY TO STERLING, EFFECTIVE IMMEDIATELY, HAVING PREVIOUSLY REPORTED IN EUROS.DOUBLE-DIGIT ONLINE NGR GROWTH CONTINUES, +18% IN CONSTANT CURRENCY FOR PERIOD 1 JANUARY TO 20 MAY 2018.FOR JAN 1 TO MAY 20, UK RETAIL LIKE-FOR-LIKE NET GAMING REVENUE -5% IMPACTED BY ADVERSE WEATHER.FOR JAN 1 TO MAY 20, EUROPEAN RETAIL NGR +32% (+28% CC) BOOSTED BY A STRONG PERFORMANCE FROM EUROBET.FOR JAN 1 TO MAY 20, TOTAL GROUP NGR +7%.COST SYNERGIES FROM LADBROKES DEAL UPGRADED TO AT LEAST £130M (FROM £100M) BY 2021.FOR JAN 1 TO MAY 20, GAMES BRANDS NGR +16% (+18% CC).EXPECT TO RETAIN A PROFITABLE AND HIGHLY CASH GENERATIVE UK RETAIL ESTATE.GVC AND PLAYTECH PLC ARE IN DISCUSSIONS TO UPDATE EXISTING SERVICES AGREEMENT BETWEEN TWO COMPANIES.  Full Article

Ladbrokes Says Clear That Stake Cuts Will Fail To Address Issue Of Problem Gambling
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Ladbrokes Coral Group Plc ::RESPONSE TO TRIENNIAL REVIEW £2 STAKE SPECULATION.‍NOTES STORIES IN PRESS THAT SPECULATE THAT SECRETARY OF STATE FAVOURS A £2 STAKE AS OUTCOME OF TRIENNIAL REVIEW CONSULTATION​.‍"WE ARE VERY CLEAR THAT STAKE CUTS WILL FAIL TO ADEQUATELY ADDRESS ANY ISSUE OF PROBLEM GAMBLING"​."WE WILL CONTINUE TO MAKE CASE FOR A SENSIBLE MEASURED, EVIDENCE LED AND PROPORTIONATE RESPONSE TO PUBLIC CONCERN".  Full Article

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

RPT-UPDATE 2-Gambling firm GVC sees U.S. market as a sound bet

Sept 13 The United States will be the biggest regulated market for Europe's leading gambling companies within five years, GVC Holdings Chief Executive Kenny Alexander said on Thursday after reporting another decline in UK retail revenue.