Tag Archives: gvc holdings

GVC expects strong full year results following online growth

shareholders

Gambling group GVC Holdings expects its full-year results to show an ‘excellent’ operational and financial performance throughout 2019, as stated in the operator group’s post close trading update for the year to 31 December 2019. GVC reported that growth in its online division has led the way for what it believes to be a ‘successful 2020’. It revealed that net gaming revenue ‘remains strong’ …

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GVC tops the list of GambleAware donations for Q1-Q3

Recent figures released by industry charity GambleAware have listed GVC Holdings, William Hill and Flutter Entertainment as the top three donors to the charity for the period 1 April 2019 – 31 December 2019. For the first three quarters of the year, the industry charity had received £7.6m in voluntary contributions, however this does not include funds received through regulatory …

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GVC to hold vote on governance and tax residency

The governance of GVC Holdings has scheduled an ‘extraordinary general meeting’ on 6 February (9 am CET) to vote on relocating the firm’s management control and tax residence from the Isle of man to its UK headquarters. GVC Holdings was incorporated as an Isle of Man enterprise in 2010, where it maintained its management control to benefit from a more …

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BETDAQ adopts 0% commission across majority of sports

Following a number of trial periods, GVC Holdings’ online betting exchange property BETDAQ has introduced 0% commission on the majority of sports on its exchange. The change will see all sports adopt the new commission structure, with football, horse racing, greyhound racing and cricket the only ones not included. BETDAQ managing director Shane McLaughlin said: “Having trialled a 0% commission …

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GVC appoints ‘digital pro’ Jette Nygaard-Andersen as corporate advisor

FTSE gambling group GVC Holdings has bolstered its corporate governance capacity, confirming the appointment of Jette Nygaard-Andersen as an Independent Non-Executive Director with immediate effect. A 20-year executive in media, entertainment and digital enterprise, Nygaard-Andersen is the former VP and Chief Executive of Stockholm-listed media conglomerate Modern Times Group’s EMEA division. Recognised as one of Scandinavian businesses top digital executives, …

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GVC opens new Rome office unifying Italian operations

FTSE gambling group GVC Holdings has confirmed that it has migrated all Italian divisions to a new Rome office, which will house around 360 staff of its Eurobet, bwin and Gioco Digitale Italia properties. Located in the Lungotevere district near Rome’s city centre, GVC completed its Italian HQ relocation last week, opening a new six-floor (approx. 4,200 sqm) office which will …

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GVC’s Mark Chambers to step down

GVC Holdings has confirmed that its Managing Director for retail in the UK and Ireland Mark Chambers will step down from the position in March 2020, due to be succeeded by Andy Hicks. The announcement marks a shake-up for the operator’s retail division, which has already undergone a number of changes due to FOBT legislation and subsequent shop closures. Hicks …

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Winning Post: Gambling researchers puzzle the state of independence

Industry strategic consultancy Regulus Partners looks at the shifts in the French market, and the launch of a Christmas abstinence campaign France: FDJ IPO – plus ca change? As the IPO of FDJ looms (reportedly at the upper end of the price range on an over-subscribed book) ARJEL has reported another strong online market performance. Domestically regulated online revenue grew …

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GVC hosts ‘research symposium’ on gambling addiction

FTSE betting group GVC Holdings is today hosting a ‘symposium on research into safer gambling’ showcasing the academic progress of its partnership with the Cambridge Health Alliance – a Harvard Medical School. A key directive of its ‘Changing for the Bettor’ social responsibility mandate at the start of 2019, GVC formed a $5.5 million multi-year partnership supporting Cambridge Health’s ‘Division of …

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Kenneth Alexander: GVC – ‘Industry cannot be turned into a political football’

GVC Holdings’ Chief Executive Kenneth Alexander has responded to criticism of his leadership, made public this week by the ‘All-Party Parliamentary Group (APPG) on Gambling Related Harm’. Opening the ‘Reputation Matters – gambling sector in the spotlight’ keynote event, Alexander spoke on GVC and the industry’s combined efforts to reduce problem gambling harms and further support treatment and research networks. …

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