Tag Archives: gvc holdings

GVC reprices and relocates its corporate debt holdings

Issuing a corporate filing, the governance of FTSE250 GVC Holdings Plc has today disclosed that it has sanctioned the repricing and reallocation of its existing $786 million (€720m) first-lien term corporate debt bond. Updating investors, GVC details that it has undertaken the transaction to ‘simplify its corporate debt structure’, which will see the debt-bond placement transferred to its wholly-owned GVC …

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Martin Lycka: Gambling and its Dutchman’s curse

In the latest of a series of columns examining international gambling legislation, GVC Holdings Director of Regulatory Affairs Martin Lycka retraces the industry’s arduous history with Dutch politics and policies…  _________________ The year was 1964. The Beatles dominated the charts, Sidney Poitier became the first Afro American actor to have won an Oscar and a Czechoslovak gymnast Vera Caslavska enchanted the world …

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GVC Holdings transfers corporate control to London HQ

Issuing a corporate update the governance of FTSE250 GVC Holdings has disclosed that its shareholders have approved relocating the firm’s management control and tax residency to the firm’s London headquarters. The decision follows a vote sanctioned through ‘extraordinary general meeting’ (EGM) held in Gibraltar this week, in which the motion was approved by 99% of GVC investors. Since 2010, GVC …

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UK betting leadership stands firm on collaborative approach despite media scepticism

Leaders of UK betting’s top five betting operators yesterday gave insights and opinions to the House of Lords Select Committee tasked with investigating the ‘Social and Economic Impact of the Gambling Industry’. Established in 2019, the Lords Committee continues its review of UK gambling seeking to gain valuable research and ‘reliable facts’ on unique industry factors and dynamics with for …

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GVC names David Lloyd-Seed as new Director of IR and communications

GVC Holdings has strengthened its leadership team after confirming the appointment of David Lloyd-Seed, who will join the company as the new Director of Investor Relations and External Communications. In the new role, Lloyd-Seed will take responsibility for leading the Group’s strategic external communication with investors, the City and a range of key stakeholders. He will take up his new …

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Neil McArthur – Industry cannot disconnect from its consumer responsibilities

Neil McArthur, Chief Executive of the UK Gambling Commission (UKGC), has challenged UK betting leadership to improve all-round consumer protections in 2020 or face further regulatory consequences. McArthur addressed an audience of industry leaders and wider stakeholders at yesterday’s ‘CMS Gambling Conference’ in London, in which he underlined the UKGC’s obligation of protecting consumers first and foremost. A stern McArthur opened …

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UKGC forms three groups to address safer gambling standards

The UK Gambling Commission (UKGC) has confirmed that it will create three new focus groups to help facilitate the implementation of safer gambling standards. Led by senior leaders in the gambling industry, the three collaboration groups will focus on game and product design, advertising technology and high value customer incentives to gamble. The initiative, which is said to be the …

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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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