Tag Archives: Rob Wood

Enlabs acquisition drives Entain’s international expansion

Entain’s acquisition of Swedish iGaming operator Enlabs AB and Portuguese online sportsbook Bet.pt has driven a 30% expansion in its international operations. A leading operator in the Baltic region, the Enlabs acquisition has enabled Entain to enter this market for the first time in its operating history via the Optibet brand. Enlabs is a market leader in Latvia, the second …

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Entain confident of Enlabs takeover with new €365m cash offer

Entain Plc has revised its takeover bid for Enlabs AB by increasing its offer price from SEK 40 to SEK 53 per share.  The revised offer sees Entain propose a new €365 million deal valuation to Enlabs shareholders, with the FTSE100 firm underlining that its revised bid ‘is final and will not be increased’. Though approved by company chairman Niklas …

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Jette Nygaard-Andersen takes charge of Entain as new CEO

Entain Plc has confirmed the appointment of Jette Nygaard-Andersen as its new Group CEO, who will take over from Shay Segev as he officially steps down from CEO duties today. Having served as a non-executive director of Entain since 2019, Nygaard-Andersen has guided the FTSE100 firm on the recent group transformation and development of its new corporate charter.    Confirming …

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GVC revises credit facility terms trading on a more positive outlook

Diversified Entain rides out 2020 retail storms

GVC Holdings has moved to restructure terms on its revolving credit facility with existing lenders, allowing for greater flexibility as the FTSE firm navigates global COVID-19 business complexities. Last March, operating on a ‘worst-case scenario’ basis, whereby the global sports calendar would be suspended until August, GVC governance sanctioned access to a £550 million revolving credit facility, with a view …

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GVC reprices and relocates its corporate debt holdings

Issuing a corporate filing, the governance of FTSE250 GVC Holdings Plc has today disclosed that it has sanctioned the repricing and reallocation of its existing $786 million (€720m) first-lien term corporate debt bond. Updating investors, GVC details that it has undertaken the transaction to ‘simplify its corporate debt structure’, which will see the debt-bond placement transferred to its wholly-owned GVC …

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GVC names David Lloyd-Seed as new Director of IR and communications

GVC Holdings has strengthened its leadership team after confirming the appointment of David Lloyd-Seed, who will join the company as the new Director of Investor Relations and External Communications. In the new role, Lloyd-Seed will take responsibility for leading the Group’s strategic external communication with investors, the City and a range of key stakeholders. He will take up his new …

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GVC confirms departure of Paul Bowtell as Group CFO

Further to publishing its Q3 2018 trading update, the governance of FTSE100 GVC Holdings has today confirmed the upcoming departure of Paul Bowtell as Group Chief Financial Officer (CFO).   Updating the market, GVC confirms that Bowtell will depart the company’s executive leadership team on 5 March 2019, further disclosing that Bowtell will join London private equity firm Alchemy Partners. …

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