November 24, 2023
Entain Plc has reached an ‘in principle’ agreement with the Crown Prosecution Service (CPS) to resolve its Deferred Prosecution Agreement (DPA) concerning the investigation by HM Revenue & Customs (HMRC) of its former Headlong Turkish business. This afternoon, Entain informed investors of obtaining preliminary judicial approval from Dame Victoria Sharp, President of the King’s Bench Division, to finalise a £585m …
Read More »July 30, 2020
The board of GVC Holdings has issued a statement dismissing ‘press speculation’ regarding HMRC’s investigation of its disposed former Turkish wagering subsidiary. GVC underlined that HMRC’s investigation is strictly focused on ‘former third-party payment service providers’ whose only link to GVC was the provision of payment services for its former Turkish-facing business. This July, HMRC confirmed that it had launched …
Read More »March 9, 2018
FTSE-listed online gambling group GVC Holdings has achieved growth across its verticals despite undertaking significant corporate adjustments in its takeover pursuit of Ladbrokes Coral Plc. Publishing its audited full-year 2017 results (period ending 31 December), GVC records a 17% increase in group net gaming revenues (NGR) of €925 million (FY2016: €794 million). For its 2017 trading, GVC highlights the continued …
Read More »February 19, 2018
FTSE online gambling group GVC Holdings has confirmed that it will offload its ‘Headlong Limited’ Turkish business unit relinquishing any payment from the asset. GVC governance undertakes its decision in order to help secure its £4 billion takeover of Ladbrokes Coral Plc, which is currently being reviewed by the UK Competitions & Markets Authority (CMA), which has set a 21 February deadline …
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