Tag Archives: kenneth alexander

Gibson takes reign of GVC governance confronting new realities 

FTSE250-listed GVC Holdings has begun a new era of governance under the stewardship of Barry Gibson who will take up the role of Company Chairman. Updating its investors this morning, GVC detailed that Gibson had taken full control of Chairman responsibilities, ending incumbent Lee Feldman’s 12-year tenure leading the FTSE-listed firm’s corporate governance structures and oversight of leadership directives. Closing …

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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 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 hosts ‘research symposium’ on gambling addiction

FTSE betting group GVC Holdings is today hosting a ‘symposium on research into safer gambling’ showcasing the academic progress of its partnership with the Cambridge Health Alliance – a Harvard Medical School. A key directive of its ‘Changing for the Bettor’ social responsibility mandate at the start of 2019, GVC formed a $5.5 million multi-year partnership supporting Cambridge Health’s ‘Division of …

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Kenneth Alexander: GVC – ‘Industry cannot be turned into a political football’

GVC Holdings’ Chief Executive Kenneth Alexander has responded to criticism of his leadership, made public this week by the ‘All-Party Parliamentary Group (APPG) on Gambling Related Harm’. Opening the ‘Reputation Matters – gambling sector in the spotlight’ keynote event, Alexander spoke on GVC and the industry’s combined efforts to reduce problem gambling harms and further support treatment and research networks. …

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GVC Holdings confirms Barry Gibson as new Chairman

GVC Holdings has confirmed the appointment of Barry Gibson as the operator group’s Non-Executive Chairman, with the appointment taking effect from today. Over the weekend, Sky News, The Times and The Daily Telegraph reported that Gibson would assume the new position, due to succeed Lee Feldman who will step down on 27 February 2020.  Stephen Morana, GVC’s Senior Independent Non-Executive …

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GVC expected to confirm Barry Gibson as new Chairman

This weekend, UK business news sources have reported that GVC Holdings will confirm the appointment of Barry Gibson as new Group Chairman of the FTSE gambling firm. Sky News, The Times and The Daily Telegraph report that Gibson is regarded by GVC’s board as the man to soothe investor relations, following the firm’s governance dispute in relation to outgoing Chairman …

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Digital gains see GVC up 2019 earnings guidance

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FTSE gambling group GVC Holdings Plc has this morning upgraded its full-year EBITDA guidance to £670-680 million from its previous £650-670 million range. Updating the market, GVC governance points to continued online growth maintained during a ‘softer’ Q3 trading period’, in which GVC delivered a 12% increase in net gaming revenues (NGR) despite competing against World Cup Russia 2018 comparatives. …

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Betting bosses withdraw from upcoming APPG hearing

GVC Holdings Group CEO Kenneth Alexander has withdrawn from this week’s Gambling Related Harm All Party Parliamentary Group (GRH APPG) hearing, with the group’s chair Carolyn Harris MP branding the executive’s decision ‘outrageous’. The APPG hearing, which will specifically focus upon identifying and resolving harms caused by online gambling, brings together representatives from a number of leading UK operators including GVC, William Hill …

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GVC restructures debt facilities to handle diverse ‘global currency mix’

FTSE gambling group GVC Holdings has this morning issued a market filing, confirming that it has gained access to a €200 million ‘class b’ first-lien term loan. The € debt transaction has been processed through GVC’s operational subsidiary – ‘GVC Holdings Gibraltar Limited’. In its market filing, GVC governance details that the loan has been structured under ‘net leverage neutral …

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