Tuesday, December 7, 2021

Tag: gvc

GVC prepares for £150m Covid-19 loss

Ladbrokes Coral shop front GVC Holdings
GVC has stated the effect of Coronavirus is expected to hit earnings by up to £150m, with a number of high-profile international sporting and racing events cancelled or postponed.

New clinic opens, old cash calls continue

Addiction treatment clinic london
The head of the NHS in England has berated gambling chiefs for the “fraction” they spend on addiction treatment, in the very same week that five of...

GVC celebrates online growth as retail arm plummets

GVC, celebrates, online, growth, retail arm, plummets
GVC Holdings has reported that despite retail betting revenue falling six percent across its UK business during Q119, total net gaming revenue grew eight percent for the period. With online net gaming revenue jumping 17 per-cent, the Ladbrokes Coral owner looked set to ride out the new FOBT regulation thanks to the continued growth of online. “This trading update reflects a...

High stakes: GVC to buy Ladbrokes Coral for a potential £4bn

Scientific Games, Ladbrokes Coral, business, integration
GVC is set to buy Ladbrokes Coral in a game-changing deal for the UK betting industry.   Should the acquisition go ahead, shareholders in GVC - which owns the Bwin, Sportingbet and Foxy Bingo brands - will hold 53.5 percent of the combined group. Ladbrokes Coral chair John Kelly said: “Ladbrokes Coral board believes that the proposed combination with GVC accelerates our...

GVC in talks to buy Ladbrokes Coral

ladbrokes coral
In an move that could turn Ladbrokes Coral into a company worth nearly £4bn, the UK betting giant is in “detailed” talks for a takeover by online competitor GVC.   Under the proposals, GVC - which owns the Bwin and Sportingbet brands - would hold 53.5 percent of the combined group. The move could lead the biggest shake up of the UK...