Edition:
India

GVC Holdings PLC (GVC.L)

GVC.L on London Stock Exchange

607.00GBp
9:05pm IST
Change (% chg)

-0.20 (-0.03%)
Prev Close
607.20
Open
613.00
Day's High
613.60
Day's Low
600.60
Volume
3,021,479
Avg. Vol
4,113,851
52-wk High
1,184.00
52-wk Low
504.00

Latest Key Developments (Source: Significant Developments)

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

Playtech Signs New Long-Term Agreement With GVC Until 2025
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Playtech PLC ::PLAYTECH PLC - NEW LONG-TERM AGREEMENT WITH GVC UNTIL 2025.PLAYTECH PLC - PLAYTECH'S EXPECTATIONS FOR 2019 ADJUSTED EBITDA, ANNOUNCED ON 21 FEBRUARY 2019, REMAIN UNCHANGED..PLAYTECH PLC - PLAYTECH WILL PROVIDE ITS LEADING SERVICES AND PRODUCTS TO ALL GVC BRANDS, IN EXISTING AND NEW MARKETS..PLAYTECH PLC - CO AND GVC HAVE ALSO AGREED TO WORK TOGETHER TO INTEGRATE PLAYTECH'S PRODUCTS AND SERVICES ONTO GVC PLATFORM.  Full Article

GVC Sees FY Proforma Underlying EBITDA Ahead Of Market Consensus
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - GVC Holdings PLC ::GROUP EXPECTS FULL YEAR 2018 PROFORMA UNDERLYING EBITDA TO BE IN RANGE OF £750M-£755M, AHEAD OF CURRENT MARKET CONSENSUS.SEES FY UK RETAIL LIKE-FOR-LIKE NGR -3%.SEES FY TOTAL GROUP NGR +9%.Q4 GROUP NGR +5% WITH ONLINE NGR +15%.  Full Article

GVC Notes UK Government Enacted Cut In B2 Gaming Machine Maximum Staking Levels
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - GVC Holdings PLC ::£2 FOBT LIMIT FORMALLY ENACTED BY UK GOVERNMENT.GROUP NOTES THAT UK GOVERNMENT YESTERDAY ENACTED CUT IN B2 GAMING MACHINE MAXIMUM STAKING LEVELS TO £2.ENACTMENT OF LAW CUTTING STAKES TO £2 RESULTS IN EACH CVR ISSUED FOR ACQUISITION OF LADBROKES CORAL GROUP, BEING VALUED AT 0 PENCE.GROUP THEREFORE EXPECTS TO BE IN A POSITION TO ANNOUNCE CANCELLATION OF CVRS ON OR AROUND 7 JANUARY 2019.  Full Article

GVC Holdings To Buy Neds International For An Initial AUS$68 Mln
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - GVC Holdings Plc ::ACQUISITION OF NEDS INTERNATIONAL FOR AN INITIAL AUS$68 MLN (C£37 MLN).PROPOSED DEAL FOR TOTAL MAXIMUM CONSIDERATION OF UP TO AUS$95 MLN (C£52 MLN) .ANTICIPATED SYNERGIES FROM COMBINING RESPECTIVE OPERATIONS ARE AUS$C16 MLN ON AN ANNUALISED BASIS AND FULLY REALISED IN 2021.ACQUISITION IS EXPECTED TO BE EARNINGS ACCRETIVE FROM 2020.  Full Article

The Capital Group Companies Raises Stake To 13.03 Pct From 12.10 Pct In GVC
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - GVC Holdings PLC ::THE CAPITAL GROUP COMPANIES RAISES STAKE TO 13.03 PERCENT FROM 12.10 PERCENT IN GVC HOLDINGS PLC - FILING.  Full Article

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

UPDATE 2-GVC sees lower earnings hit from betting price cap

* Reports strong start to the year (Adds analyst comment, shares, more details)