Tag Archives: gvc holdings

Speaking last weekend to The Daily Telegraph, GVC Holdings CEO Kenneth Alexander detailed his company’s ambitious plans for its +£1 billion takeover of bwin.party Entertainment. Having gained shareholder approval to finalise its leveraged takeover of the Gibraltar based online gambling operator, Alexander stated to The Telegraph that should GVC governance successfully integrate bwin.party services, the new business entity would become …

London AIM listed betting operator GVC Holdings Plc has confirmed the appointment of Nick Batram as new Head of Investor Relations and Corporate Strategy. Batram takes on the newly created role, with GVC Holdings having gained full shareholder approval to finalise its takeover of bwin.party Entertainment, the operator will now push to conclude the deal by 1 February. GVC governance …

This morning London AIM listed betting operator GVC Holdings (GVC) issued a corporate trading update for its full year 2015 performance (period ending 31 December) Ahead of its merger with bwin.party Entertainment, GVC reported Net Gaming Revenues (NGR) of €247 million (£184 million) up 10.2% on FY 2014’ €224 million (£167 million). The operator further detailed that during 2015 it …

FTSE 250 listed betting operator bwin.party Entertainment ends a tough 2015 on a positive note, recording a 5% Q4 2015 revenue uplift. Issuing a trading update, bwin.party detailed that its improved performance had been driven by its sports betting and casino divisions, which had been aided by mobile product enhancements introduced during the quarter. bwin.party governance further detailed that the …

bwin.party Entertainment shareholders have formally approved the firm’s £1.1 billion acquisition by London AIM listed operator GVC Holdings (GVC). Hosting a shareholder ‘extraordinary meeting’, bwin.party governance announced that 99.99% of its investors approved in favour of the reverse takeover by GVC. GVC and bwin.party governance will now work together to officially complete the deal by Q1 2016 and begin the …

Canadian marketing firm 37Entertainment (37E) is reported to have filed an arbitration claim with the International Chamber of Commerce (ICC) against London AIM listed operator GVC Holdings (GVC) for misrepresentation of business through the reneging of services on a partnership deal. The marketing firm is seeking a multi-million damages relating to a 50/50 partnership formed with GVC for igaming provisions …

Golan Shaked Group Director of Games for bwin.party Entertainment confirmed last week to industry news source EGR Magazine that he will depart the operator as soon as it completes its acquisition by GVC Holdings. EGR Magazine reports that Shaked was offered to retain his senior executive role within the new merged enterprise, however the long term serving group director has …

GVC Holdings has announced the appointment of Shay Segev as its new Chief Operating Officer. Segev will be in charge of leading the operators merger integration with bwin.party Entertainment, which it acquired in August for £1.1 billion. The appointment of Segev the former Chief Operations Officer of Playtech Plc, represents a major coup for GVC. Segev who had worked for …

UK newspaper the Daily Telegraph has reported that GVC Holdings governance has rebuffed a number of offers interested in acquiring its bwin.party Entertainment assets. The Aim listed operator, stated to the newspaper that it had been approached by interested parties in the potential sale of UK bingo operator Cashcade and its B2C brand Foxy Bingo. GVC had received further interest …

GVC Holdings subsidiary Sportingbet has furthered its presence in Greece, by becoming the official betting partner of Euroleague Basketball coverage for the Greek market. Sportingbet marketing agreed terms with Turkish Airlines Euroleague, governing body of Europe’s biggest basketball championship. By becoming Greek betting partner, the Sportingbet brand will be displayed on multi-content throughout Euroleague game highlights for the Final Four …