Tag Archives: Shay Segev

GVC maintains FTSE4Good listing expanding duties with the Carbon Trust 

GVC Holdings has retained its position as a ‘FTSE4Good Index’ business following its annual review of corporate practices.   A London Stock Exchange CSR directive, the FTSE4Good Index was launched in 2001 tracking the performance of listed firms’ environmental, social and governance (ESG) standards.   GVC Holdings has retained its listing on FTSE4Good Index having undertaken an independent assessment of its corporate …

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GVC safeguards German profile by securing four Länder approved ‘transitional licences’

GVC Holdings has this morning confirmed that it has been approved four separate sports betting licences for Germany, adhering to market conditions set by the Länder approved ‘transitional framework’. Updating investors, the FTSE100 betting group confirmed that transitional licences have been authorised for its SportingBet, Ladbrokes, bwin and Gamebookers brands. Announced at the start of October, Germany’s 16 federal Länder …

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GVC ups 2020 forecasts following rapid recovery across all core markets

GVC Holdings has predicted that its earnings for the year will be £50 million ahead of previous expectations, as online wagering continues to drive the operator’s performance. Publishing its Q3 trading update for the period 1 July to 30 September 2020, GVC reported that it had achieved its ‘nineteenth consecutive quarter of double-digit online growth’, with total online net gaming …

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Germany 2021: Landers’ ‘transitional framework’ receives mixed reactions 

The approval by Germany’s 16 Lander (regional councils) to launch a ‘transitional tolerance period’ for igaming services, which will bring clarity to operators who wish to participate in the federal relaunch of the online gambling marketplace in 2021, has drawn contrasting views.   As German Lander continue to individually ratify the final amendments of the federal New Interstate Treaty on Online …

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GVC joins AiDP ranks to promote workplace diversity and inclusion

FTSE100 GVC Holdings Plc has become a member of the All-in Diversity Project (AIDP) – a non-profit that provides industry stakeholders counsel and guidance on improving standards related to corporate diversity, equality and inclusion. GVC will become the latest tier-1 global operator to take AiDP membership, joining fellow publicly-listed betting counterparts Flutter Entertainment, Betsson AB and Kindred Group Plc  The …

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GVC supports grassroot sports with ‘Pitching In’ programme

GVC Holdings has launched a new ‘multi-million pound investment programme’ which will deliver financial support to grassroot sports organisations. The programme, Pitching In, will be launched with a flagship partnership with The Isthmian, Northern Premier and Southern Leagues – collectively known as The Trident Leagues – which make-up levels seven and eight of the English football league pyramid. Commenting on …

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GVC absorbs retail shocks as business recalibrates for critical H2 trading

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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GVC responds to ‘press speculation’ on former Turkish business  

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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GVC promotes Tiku to Group COO as Segev restructures leadership ranks   

GVC Holdings has confirmed the promotion of Sandeep Tiku to Chief Operating Officer (COO), effective immediately as new Group Chief Executive Shay Segev restructures the firm’s senior executive leadership team. A GVC executive since 2014, Tiku has formerly served as Group Chief Technology Officer (CTO) leading key IT directives, system integrations and platform enlargement projects for the FTSE100 betting group.   …

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GVC ‘surprised’ at widening of HMRC’s Turkey investigation

GVC Holdings has confirmed that the HM Revenue & Customs (HMRC) has expanded its investigation into the company’s former online subsidiary in Turkey. The investigation, which began on 28 November 2019, was launched in relation to former third party suppliers, which the operator understood to be related ‘to the processing of payments for online gambling in Turkey’. In 2017, GVC …

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