Tag Archives: FTSE

The governance of GVC Holdings has today released its ‘combined prospectus’ relating to its £4 billion takeover deal of Ladbrokes Coral Plc. The deal which enters its final stages has been approved by Ladbrokes Coral governance and is set to be reviewed by the UK Competitions & Markets Authority (CMA), which this week set a 21 February deadline for industry comment. …

FTSE online gambling group GVC Holdings has confirmed that it will move to appeal its recently sanctioned ‘tax audit assessment’ by the Greek Audit Centre for Large Enterprises. Updating the market, GVC reveals that it has been charged with a tax assessment of €187 million for its Greek subsidiary’s performance for the audit periods of 2010 and 2011. During the …

Issuing a market update, FTSE-listed online gambling group GVC Holdings has confirmed that former party.bwin Entertainment Chief Executive Norbert Teufelberger has stepped down from his duties as a company Non-Executive Director. Teufelberger had been appointed a GVC Holdings governance member, following the company’s 2016 £1 billion outright acquisition of bwin.party Entertainment. Updating stakeholders, GVC announced that Teufelberger had finished his …

Issuing a market update, Ladbrokes Coral governance has detailed that it will move to publish a ‘scheme document’ detailing full information on GVC Holdings £4 billion takeover deal (first announced 7 December). The document which aims to be published by early/mid-February will further inform stakeholders on the deals legal proceedings (Court Meeting) and notices convening at Ladbrokes Coral General Meeting. …

FTSE bookmaker William Hill has this morning confirmed, that it is undertaking a strategic review of its Australian business, following new government regulations on credit betting and the likely introduction of further state taxes imposed on betting firms. Presenting its ‘unaudited 52-week trading statement’ (period ending 26 December), William Hill governance detailed strong 2017 progress, with the company expected to …

City eyes eagerly await the publication of FTSE bookmaker William Hill Plc’s Q4 2017 trading update on Thursday 18 January. The first of the UK legacy bookmakers to publish its closing 2017 statement, City analysts expect a strong trading update from William Hill, following favourable Premier League results recorded during the Christmas period. The FTSE bookmaker is expected to be …

Having taken over the official leadership duties of Paddy Power Betfair (PPB) this week, new Chief Executive Peter Jackson has announced two major executive appointments for the FTSE100 bookmaker. Issuing a short statement, PPB governance confirmed the promotion of Dan Taylor to the newly created role of Chief Executive of Europe. A Paddy Power executive since 2015, Taylor has previously …

The governance of FTSE-listed bookmaker Ladbrokes Coral Plc has stated that it will work to close its gender pay gap, following the publication of corporate statistics by the UK government. Under the requirements of ‘The 2010 Equality Act’, UK companies with more than 250 staff have to disclose yearly gender pay employee data. Ladbrokes Coral, the UK’s biggest retail betting …

Scientific Games Corporation (SGC) has released a statement, detailing that it will move to acquire William Hill’s entire 6.8 million ‘ordinary shares and convertibles’ holding in acquisition target NYX Gaming Group. The Nasdaq gambling technology firm, clears a major hurdle in its $630 million pursuit of Toronto TSX-listed NYX (first announced September 2017). Last November, William Hill governance stated to …

Playtech sports betting technology subsidiary, Playtech BGT Sports (PBS) has bolstered its executive leadership team confirming the appointment of former Ladbrokes Managing Director Lee Drabwell as new Chief Operating Officer (COO) for PBS’ UK and Ireland division. A seasoned industry veteran, Drabwell spent 29-years with Ladbrokes serving a number of senior executive roles within the firm’s retail arm. Drabwell left …