Tag Archives: kenneth alexander

GVC Holdings confirms Triennial & Technology savings

FTSE100 gambling group GVC Holdings Plc will today host its Capital Markets Day, with corporate leadership outlining the firm’s ‘foundations for long-term market outperformance’. Presenting the firm’s strategic objectives and future prospects, GVC governance details progress on the firm’s enlarged agenda, a year following its transformative acquisition of Ladbrokes Coral. Citing an ‘accelerated migration’ of Ladbrokes Coral online brands onto …

Read More »

Andy Hornby steps down from GVC to join The Restaurant Group

Co-chief operating officer of GVC Holdings, Andy Hornby, is to step down from his position at the gambling giant to join The Restaurant Group as its new CEO. Hornby will be replacing the outgoing CEO, Andy McCue, at the Restaurant Group once an official transition date has been confirmed. Originally joining Gala Coral in 2011, Hornby has previously held positions …

Read More »

GVC pushes for complete ban on TV Advertising

Issuing a corporate statement, the governance of FTSE100 gambling group GVC Holdings has this morning called for an end to all ‘UK sports-betting broadcast advertising, at any time of the day’. In its statement, GVC declares that it believes that the inbound ‘TV whistle-to-whistle’ advertising ban, set to be implemented from 1 July will not serve the industry for its …

Read More »

Digital growth sees GVC post ‘excellent start’ to 2019 trading

FTSE100 gambling group GVC Holdings reports an ‘excellent start to the year’, publishing its pro-forma trading update for Q1 2019 (period ending 31-March), as the company now enters a crucial adjustment period for all UK gambling incumbents. Updating the market, GVC governance reports a strong volume of growth across all major territories, driven by the firm’s online gambling assets, as …

Read More »

GVC confirms agreed departure of Lee Feldman as Chairman

This weekend, UK business news sources reported that GVC Holdings seeks a new Chairman, as incumbent Lee Feldman is preparing to announce his formal departure from the FTSE100 betting group. The news of the departure comes amid GVC investor backlash at Feldman and Chief Executive Kenneth Alexander having offloaded a combined 3 million of company shares, at the presumed ‘discounted …

Read More »

GVC embraces its digital capacity amid a changing UK landscape

Completing its first year as FTSE100 enterprise, GVC Holdings reports that the betting group has demonstrated its global scale and market diversification capacities, delivering growth across all operating territories. The firm’s enlarged portfolio of nineteen brands, operating across multiple European jurisdictions records full-year 2018 group revenues of £2.9 billion (FY2017: £800m) – as GVC governance continues to explore further new …

Read More »

Winning Post – Regulation… Are We Bettor Balanced?

Publishing its latest industry opinion, strategic consultancy Regulus Partners details that sector leadership needs to carefully balance the right narrative/debate on tackling the delicate and complex matter of problem gambling… __________________ The hair shirt is this season’s must-have fashion item for the well-dressed gambling executive, and this week was the turn of the GVC executive team to adopt sackcloth and …

Read More »

Sports Minister Mims Davies praises GVC’s commitment to research on problem gambling

Mims Davies MP, the UK Minister for Sports & Civil Society (DCMS) has praised GVC Holdings new safer gambling and mental-health research commitments, announced yesterday alongside the launch of the firm’s new ‘Changing for the Bettor’ campaign. A core corporate commitment for 2019 and beyond, GVC governance has detailed that the FTSE100 enterprise will lead the industry in reducing problem-gambling, tackling …

Read More »

GVC pledges to double research donation as part of new safer gambling campaign

FTSE100 gambling group GVC Holdings has pledged to double its donations towards research education and treatment of problem gambling as part of its new global responsible gambling campaign. The ‘Changing for the Bettor’ campaign will facilitate a new five year, $5 million partnership with problem gambling research unit – Division on Addiction, which will improve access to anonymised player data …

Read More »

Strengthened digital portfolio helps GVC deliver above ‘2018 consensus’

The Governance of FTSE100 GVC Holdings has this morning published its pre-close full-year 2018 trading statement, detailing that it anticipates delivering an FY EBITDA in the range of £750-755m – ‘ahead of current market consensus’. Completing a landmark year for its business, having merged and integrated the assets of Ladbrokes Coral, GVC governance points to strong growth across its enlarged …

Read More »