The board of 888 Holdings has informed markets that the UK Gambling Commission (UKGC) will take no further regulatory action against the LSE-listed gambling group. This morning, 888 issued a corporate update announcing that the Gambling Commission had completed its license review, initiated in July 2023 due to regulatory concerns raised on FS Gaming’s investment in the LSE firm. Investors …
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The Board of 888 Holdings has confirmed this afternoon that it has terminated all ongoing discussions with FS Gaming Investments LLC. FS Gaming is the investment vehicle of former GVC Holdings (formerly Entain Plc) leadership duo Kenneth Alexander (CEO) and Lee Feldman (Chairman) – who last month acquired a 6.5% stake in the LSE Gambling Group. Further to the investment, …
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Kenneth Alexander and Lee Feldman, the former leadership duo of GVC Holdings have launched investment vehicle FS Gaming, acquiring a 6.5% stake in embattled 888 Holdings FS Gaming is reported to be comprised of seasoned igaming investors who believe that 888’s is ‘significantly undervalued’ and will help the LSE gambling group overcome its hurdles since acquiring William Hill’s UK and …
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Entain CEO Shay Segev has resigned as Group CEO of the FTSE100 online gambling group to join DAZN as ‘joint-chief executive’ of the global sports OTT platform. “Shay has a notice period of six months and will remain in his current role for that period or until a successor is in place,” read Entain’s statement. “The Board, having considered succession issues …
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As betting began to emerge from the difficulties of March and April, the future started to look slightly brighter as the industry began to assess its new options for a post-COVID environment. SBC – Betting emerges from the COVID storm … July saw no respite from politics which continued to dominate gambling’s agenda, as the UK government stalled on its …
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Strengthening its corporate affairs and public relations leadership, GVC Holdings has confirmed the appointment of former BBC Business Correspondent Tessa Curtis to the newly created role of Head of Media Relations. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Joining GVC on 1 September, Curtis will be tasked with overseeing the …
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GVC Holdings stated that it is ‘well placed to balance the year’, as the FTSE100 company absorbed significant retail shocks across its UK and European units, readjusting its full-year EBITDA outlook to £720m-£740m range (dependent on further COVID-19 outcomes). Publishing its interim results for the six month period ended 30 June 2020, GVC noted that the closure of its Ladbrokes …
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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 …
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Roar Digital, the joint venture between GVC Holdings and MGM Resorts in the USA, has promoted Glynn Carroll to head up its sportsbook operations. Carroll has taken on the role of Vice President of Sportsbook Operations and will be relocating to the States once the COVID-19 outbreak subsides. Carroll originally joined Ladbrokes in 2015 as Director of Trading Operations and …
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Michael Dugher, Chief Executive of the Betting and Gaming Council (BGC), has praised the work of outgoing GVC Holdings Group CEO Kenneth Alexander and his contribution to improving industry standards and driving change through greater responsibility. Yesterday, GVC announced that Alexander had chosen to end his 13-year leadership tenure, and confirmed that the executive would be replaced by COO Shay …
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