GVC Holdings will rebrand its corporate identity to ‘Entain Plc’, as the FTSE100 online gambling group commits to operating 100% across regulated markets by the end of 2023 trading. This morning, GVC presented a series of strategic objectives to investors and analysts, outlining the firm’s ambitious plans to lead the global igaming sector in its era of sustainability and corporate …
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GVC Holdings has continued to restructure its global senior management team after confirming the promotion of Martin Lycka to the newly created role of ‘Senior Vice President of US Regulatory Affairs & Responsible Gambling’. Lycka has formally served as GVC’s Director of Regulatory Affairs (2018-2020), leading the FTSE100 firm’s management of regulatory stakeholders, group-wide licensing requirements and compliance controls and …
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GVC Holdings has strengthened its group customer care units by creating two new leadership roles to maintain direct oversight of customer responsibilities, safeguards and duties. Confirmed to SBC News, long-term Group AML Director Paul Buttigieg has been promoted to the new position of ‘Director of Player Protection’. GVC stated that Buttigieg would take on an ‘international remit’ to bolster leadership …
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GVC Holdings has retained its position as a ‘FTSE4Good Index’ business following its annual review of corporate practices. A London Stock Exchange CSR directive, the FTSE4Good Index was launched in 2001 tracking the performance of listed firms’ environmental, social and governance (ESG) standards. GVC Holdings has retained its listing on FTSE4Good Index having undertaken an independent assessment of its corporate …
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William Hill has issued a statement clarifying media speculation, as city rumours intensify that the FTSE betting group is subject to an imminent US takeover. The board of William Hill has this afternoon confirmed that it has received ‘separate cash proposals’ from US private equity fund Apollo Global Management and its current US markets strategic partner Caesars Entertainment. William Hill …
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888 Holdings has filed a notice with the London Stock Exchange, confirming that Lord Jonathan Mendelsohn will replace Brian Mattingley as its designate company chairman. The appointment of Lord Mendelsohn as new chairman is scheduled to take place at 888’s next annual general meeting in May 2021, with Mattingley officially resigning from all governance duties. In its notice, 888 highlighted …
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New York ‘activist hedge fund’ HG Vora Capital has acquired a 5.1% stake in William Hill Plc for a reported £115 million, reigniting speculation over the FTSE250 betting group’s future options. The investment fund, led by former Goldman Sachs VP Parag Vora, holds a successful track record in gambling having previously held a 5% shareholding in Caesars Entertainment, prior to …
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Strengthening its corporate affairs and public relations leadership, GVC Holdings has confirmed the appointment of former BBC Business Correspondent Tessa Curtis to the newly created role of Head of Media Relations. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Joining GVC on 1 September, Curtis will be tasked with overseeing the …
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Playtech Plc has offloaded its casual games subsidiaries FTX Games and Plamee Studios to US games publisher Tilting Point, following an undisclosed agreement. Games news sources report that Tilting Point has agreed to take over all major IPs and key employees of FTX Games and Plamee. In 2014, Playtech launched its Plamee casual games studio, a subsidiary division formed by …
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Further to announcing its leadership change this morning, GVC Holdings has published a H1 post-close trading statement informing investors of the firm’s performance under challenging global conditions. Navigating COVID-19 complexities, GVC underlined that the company was robust and decisive in implementing cost management actions to ensure that the group achieved its objective of operating at a cash neutral position during …
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