About Us

GVC Holdings PLC (LSE:GVC) is a multinational sports betting and gaming group. Our shares are listed on the Official List (Premium Segment) and are traded on the Main Market of the London Stock Exchange. Our shares were traded on AIM from 21 December 2004 until 1 February 2016. We are incorporated in the Isle of Man under number 4685V.

The Group operates some of the leading brands in the gaming sector including bwin, Sportingbet, partypoker and Foxy Bingo. In addition the Group provides online gaming services on a business-to-business basis to a limited number of third party operators.

Key facts
•Licenses in 14 countries
•Offices in Austria, Bulgaria, Denmark, Germany, Gibraltar, India, Ireland, Israel, Italy, Malta, The Philippines, Slovakia, Spain, United Kingdom, Ukraine and Uruguay
•Over 3,200 employees or co-workers
•€4bn of sports wagers a year



http://www.gvc-plc.com/







William Hill closes on Sportingbet deal

by: Dominic Walsh
From: The Times
December 20, 201211:16AM

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WILLIAM HILL will unveil a recommended £486 million ($754 million) takeover of Sportingbet today after hammering out a retention deal with the management of the online bookmaker's Australian division.

The group, which is bidding jointly with GVC Holdings, had hoped to finalise terms by Tuesday's deadline set by the Takeover Panel but was forced to seek an extension until tomorrow to tie in Michael Sullivan, head of Sportingbet Australia, and his top team


Date: Tuesday 16 Oct 2012

LONDON (ShareCast) - Online gaming firm GVC has requested a temporary suspension of trading today following the agreement of a revised and increased possible offer by GVC and William Hill for Sportingbet.

Trading has been suspended because historic financial information in relation to the parts of the Sportingbet's business which may be acquired by GVC has yet to be extracted from Sportingbet's consolidated accounts, GVC explained a in company statement.

It added that talks are at a preliminary stage and there can be no certainty that they will be concluded successfully.

CJ

Update re Offer discussions
RNS
RNS Number : 5750T
GVC Holdings PLC
21 July 2015





GVC Holdings PLC



("GVC" or the "Group" or the "Company")



Update re Offer discussions





The directors of GVC note the recent press speculation concerning the Company's proposal to acquire bwin.party digital entertainment plc ("bwin.party") at 110p per bwin.party share comprised of a combination of new GVC shares and cash (as announced on 9th July 2015) and following the announcement issued on Friday 17th July 2015 by 888 Holdings plc ("888") concerning 888's recommended offer for bwin.party at 104.09 per bwin.party share (based on the 888 closing price on 16th July 2015 of 160 pence per 888 share).



There can be no certainty that an offer for bwin.party will be made by the Company. However, the GVC Board confirms that it is considering the Company's options regarding bwin.party and will update shareholders accordingly.

Update re Offer Discussions
RNS
RNS Number : 1209U
GVC Holdings PLC
27 July 2015







GVC Holdings PLC



("GVC" or the "Group" or the "Company")



Update re Offer discussions





The directors of GVC note the recent press speculation concerning a potential proposal by the Company to acquire bwin.party digital entertainment plc ("bwin.party") that has followed the Company's announcement on 21 July 2015 that the GVC Board is considering the Company's options regarding bwin.party. That announcement itself followed the announcement issued on Friday 17th July 2015 by 888 Holdings plc ("888") concerning 888's recommended offer for bwin.party at 104.09p per bwin.party share (based on the 888 closing price on 16th July 2015 of 160 pence per 888 share).



The GVC Board confirms that the Company has made a proposal to the Board of bwin.party for the acquisition of the entire issued and to be issued share capital of bwin.party, under which bwin.party shareholders would be entitled to receive 122.5p for each bwin.party share, consisting of up to 25p in cash (subject to confirmation by bwin.party that the cash position of bwin.party is as GVC expects based on information received to date), and the balance of the value in new GVC ordinary shares (the "Proposal").



The Company would finance the Proposal via a combination of the issuance of new GVC shares, to bwin.party shareholders, and a €400m senior secured loan provided by affiliates of Cerberus Capital Management, L.P. In addition, the Company intends to raise circa £150m through an equity placing of new GVC shares for cash in order to fund restructuring costs, the refinancing of existing bwin.party debt and for additional working capital purposes. The Company has delivered the relevant documentation, in substantially final form, to the Board of bwin.party.



If a transaction were to be completed, the GVC Board believes that cost reductions exceeding €135 million per annum would be achieved across the enlarged group by the end of 2017.



There can be no certainty that an offer for bwin.party will be made by the Company. GVC reserves the right to amend the cash component of any offer.



The GVC Board will update shareholders in due course.





- Ends -

News

Cerberus backs GVC’s Bwin bid

The US firm will provide a debt package for GVC's revised tilt at Bwin.

27 July 2015 by Nicholas Neveling. Permalink.


GVC, the AIM-listed online gaming business, has secured a debt package from US private equity firm Cerberus Capital Management to support a £990m (€1.3bn) bid for Bwin.party.


GVC is competing with rival online gambling business 888, which made a £900m bid for Bwin earlier this month. Bwin agreed to the offer, but said that it would remain open to other deliverable proposals.

GVC has bid for Bwin previously, teaming up with Canadian partner Amaya. The Bwin board favoured the 888 offer over that of GVC and Amaya, who wanted to break up Bwin, which introduced more risk to the transaction.

Cerberus has now stepped in to support GVC, which is set to make an offer of 120 pence per share for Bwin this week, according to The Telegraph. The 888 bid was made at 104 pence a share.

Update re Offer discussions
RNS
RNS Number : 4344V
GVC Holdings PLC
07 August 2015





GVC Holdings PLC



("GVC" or the "Group" or the "Company")



Update re Offer discussions





Further to the announcement made by the Company on 27 July 2015, the directors of GVC note the recent press speculation concerning a proposal by the Company to acquire bwin.party digital entertainment plc ("bwin.party").



The GVC Board confirms that the Company has made a fully funded proposal to the Board of bwin.party for the acquisition of the entire issued and to be issued share capital of bwin.party under which bwin.party shareholders would be entitled to receive, for each bwin.party share, 25p in cash and 0.231 new GVC ordinary shares (the "Proposal"). Based on the closing price of GVC shares on 6 August 2015, the Proposal would represent a value of approximately 125.5p per bwin.party share.



GVC is working closely with bwin.party and its advisers with a view to progressing the remaining open aspects of its Proposal to enable the bwin.party Board to make a full evaluation of the Proposal. GVC anticipates that this work should conclude within the next 5-10 business days.



There can be no certainty that an offer for bwin.party will be made by the Company.



The GVC Board will update shareholders in due course.





- Ends -

Statement re Possible Offer
RNS
RNS Number : 4357V
bwin.party digital entertainment
07 August 2015



7 August 2015



bwin.party digital entertainment plc

('bwin.party')



GVC Proposal



The Board of bwin.party notes the earlier announcement today made by GVC Holdings PLC ('GVC') and confirms that bwin.party is working closely with GVC and its advisers with a view to progressing certain aspects of the GVC proposal to enable that proposal to be evaluated fully by the bwin.party Board.



There can be no certainty that an offer will be made by GVC for bwin.party.



bwin.party's directors' unanimous recommendation of 888 Holdings plc's offer is unchanged by this announcement.



The bwin.party Board will update shareholders in due course.

Company News


Thu, 20 August 2015



GVC Holdings ready to up Bwin offer to 130p



(ShareCast News) - Online casino company GVC Holdings is working on an increased offer for larger rival Bwin.party as it looks to crush a competing bid from peer 888 Holdings.
The GVC bid at 130p, up from its previous 124p, will value FTSE 250-listed Bwin at roughly £1.1bn, the Times reported.

Having recommended a cash-and-shares offer from 888 worth 104.75p at Wednesday's closing price, Bwin directors are due to meet this week to decide whether to about-face and recommend GVC's new offer instead.

Even if 888 came back with its own sweetened offer, GVC would not be deterred, sources have suggested.

dailymail.GVC-threatens-walk-1bn-takeover-battle-Bwin-party.

Update re Offer discussions
RNS
RNS Number : 8160W
GVC Holdings PLC
24 August 2015

GVC Holdings PLC



("GVC" or the "Group" or the "Company")



Update re Offer discussions


Further to the announcement made by the Company on 7 August 2015, in which the GVC Board confirmed that it had made a fully funded proposal to the Board of bwin.party digital entertainment plc ("bwin.party") for the acquisition of the entire issued and to be issued share capital of bwin.party and which valued each bwin.party share at 25p in cash and 0.231 new GVC ordinary shares, the GVC Board is pleased to confirm that it continues to work closely with bwin.party and its advisers with a view to finalising the open aspects of its Proposal (as defined in the 7 August 2015 announcement).

Since the 7 August 2015 announcement, significant progress has been made and the GVC Board expects to be in a position to resubmit its Proposal to the bwin.party Board in the near future and on the same terms as set out in the 7 August 2015 announcement, having resolved the remaining open issues to both parties' satisfaction. The Company will update shareholders accordingly.



The Proposal values bwin.party at approximately 124p per bwin.party share based on the closing GVC mid-market price on 21 August 2015 of 427p.



There can be no certainty that an offer for bwin.party will be made by the Company.





- Ends -

Statement re Possible Offer
RNS
RNS Number : 8407W
bwin.party digital entertainment
24 August 2015



24 August 2015



bwin.party digital entertainment plc

('bwin.party')



GVC proposal



The Board of bwin.party notes the earlier announcement today made by GVC Holdings PLC ('GVC') and confirms that bwin.party is continuing to discuss with GVC and its advisers certain aspects of the GVC proposal.



As previously announced, there can be no certainty that an offer will be made by GVC for bwin.party and bwin.party's directors' unanimous recommendation of 888 Holdings plc's offer, that was announced on 17 July 2015, is unchanged by this announcement.



The bwin.party Board will provide a further update as and when appropriate.

Statement re Possible Offer
RNS
RNS Number : 2775X
bwin.party digital entertainment
27 August 2015



27 August 2015







bwin.party digital entertainment plc

('bwin.party')



Possible offer from GVC



The Board of bwin.party confirms, further to its discussions with GVC Holdings PLC ('GVC'), that key aspects of GVC's proposal have now been addressed to bwin.party's satisfaction. bwin.party has now asked GVC to clarify, with respect to its proposal, the best terms on which GVC is prepared to make a formal offer to acquire all of the issued and to be issued shares in bwin.party.



Whilst there can be no certainty that an offer will be made by GVC for bwin.party, 888 Holdings plc ('888') has been informed of this development and, if appropriate, will be given due notice in the event that bwin.party proposes to recommend an offer from GVC.



bwin.party's directors' unanimous recommendation of 888's offer, that was announced on 17 July 2015, is unchanged by this announcement.



The Board expects to give a further update concerning these matters on Tuesday, 1st September 2015.

Interim Results
RNS
RNS Number : 3793X
GVC Holdings PLC
28 August 2015

GVC Holdings PLC



("GVC", the "Company" or the "Group")



Interim Results



GVC Holdings PLC (AIM:GVC), the multinational sports betting and gaming group, today releases its unaudited interim results for the six months ended 30 June 2015.



Financial highlights*



· Wagers - up 18.6% to €824 million (H1-2014: €694 million)

· Sports Gross Margin - 8.8% (H1-2014: 9.9% )

· Net Gaming Revenue ("NGR") - up 15.1% to €121 million (H1-2014: €105 million)

· Contribution - up 15.3% to €65 million (H1-2014: €57 million)

· Clean EBITDA - up 14.0% to €25.5 million (H1-2014: €22.4 million)

· Total dividend declarations to date - up 5% to 42€cps on the same period in the prior year

· Deposit values - up 18% on H1-2014

· In-play - generating 73% of Sports Gross Margin (H1-2014: 63%)

· Mobile - generating 38% of Sports Gross Gaming Revenue ("GGR") (H1-2014: 22%)

· Adjusted, diluted Earnings Per Share - growth of 25% to 33.3 €cps





Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings PLC, said:



"GVC continues to show strong financial performance, with growth in revenue, clean EBITDA and dividends. The Board would like to thank our talented and motivated staff for helping us to maintain this. We are highly confident for the rest of the year.



"With our track record of delivering value through organic growth and acquisitions we are determined that GVC will play an important role in the continuing consolidation of the online gaming sector. We expect to update the market soon about our discussions with bwin.party digital entertainment plc."



- Ends -

888-Holdings-pleads-Bwin-reject-lure-Sportingbet-owner-GVC.

Company News

Battle for Bwin.Party heats up ahead of this week's decision

Sun, 30 August 2015



(ShareCast News) - Bwin.Party will this week make its decision about which of its two suitors, 888 and GVC Holdings, it will select.
With 888 looking like it held the lead, the situation was reportedly suddenly turned on its head on Friday with a new offer from GVC, which valued the company at £1bn.

Bwin.Party had recommended its shareholders accept 888's 104.9p-a-share offer, but GVC was later invited to submit its "best terms", having done a lot of work to improve its position.

According to the Sunday Times, one Bwin investor told it: "GVC is trying to scare 888 out of the process, and they are confident."

Another source told it that there was "a change 888 might not come back".

Offer Update
RNS
RNS Number : 5925X
bwin.party digital entertainment
01 September 2015















1 September 2015



bwin.party digital entertainment plc

('bwin.party')



Offer update



Further to its announcement on 27 August regarding a proposal from GVC Holdings PLC ('GVC'), the Board of bwin.party ('bwin.party') confirms it has also now received a revised proposal from 888 Holdings plc ('888'). This revised proposal is subject to a number of pre-conditions (which can be waived in whole or in part by 888).



The Board of bwin.party is evaluating this proposal, together with that received from GVC, and intends to consult with its key shareholders in the coming days before making a final determination as to which proposal is in the best interests of shareholders. A further announcement will be made in due course.



The Board's unanimous recommendation of 888's offer, which was announced on 17 July 2015, remains unchanged by this announcement. Documentation in respect of this offer was posted to shareholders on 28 August 2015.

Offer Update
RNS
RNS Number : 5925X
bwin.party digital entertainment
01 September 2015















1 September 2015



bwin.party digital entertainment plc

('bwin.party')



Offer update



Further to its announcement on 27 August regarding a proposal from GVC Holdings PLC ('GVC'), the Board of bwin.party ('bwin.party') confirms it has also now received a revised proposal from 888 Holdings plc ('888'). This revised proposal is subject to a number of pre-conditions (which can be waived in whole or in part by 888).



The Board of bwin.party is evaluating this proposal, together with that received from GVC, and intends to consult with its key shareholders in the coming days before making a final determination as to which proposal is in the best interests of shareholders. A further announcement will be made in due course.



The Board's unanimous recommendation of 888's offer, which was announced on 17 July 2015, remains unchanged by this announcement. Documentation in respect of this offer was posted to shareholders on 28 August 2015.

Company News

GVC would reportedly consider going hostile for Bwin

Wed, 02 September 2015


(ShareCast News) - GVC Holdings is reportedly considering going hostile in the £1bn battle for Bwin.Party Digital Entertainment if the company's board recommends a lower offer from 888 Holdings.
The Times quoted GVC chairman Lee Feldman as saying that the board is "not prepared to walk away" from Bwin and when asked about the possibility of going hostile, he said the GVC had "certainly thought about it".

"We don't see (going hostile) as necessary right now as we're offering a higher price and have a better operating track record. That said, we believe GVC should own this asset and we wouldn't exclude any strategy," he told the Times.

Announcement

Company News

GVC trumps 888 Holdings in battle for Bwin

Fri, 04 September 2015


GVC trumps 888 Holdings in battle for Bwin



(ShareCast News) - GVC Holdings has trumped rival 888 Holdings in the battle for online gambling group Bwin.Party Digital Entertainment.


The Sportingbet owner said Bwin has agreed to its offer of 25p in cash and 0.231 new GVC shares, which values the company at around 129.64p per share or £1.12bn.

This represents a 12.5% premium to the closing price of Bwin on 3 September and a 45% premium to the closing price of Bwin on 14 May, which was the last business day before the announcement that it had received proposals.

Bwin's chairman, Philip Yea, said: "In recommending the offer from GVC, the board has taken into account many factors including, but not limited to, the headline value per share and the consideration being offered, the level, timing and deliverability of the financial synergies to be generated and the enlarged group's growth strategy in an increasingly competitive marketplace.

"As a result of these and other factors, including the proven track record of GVC's management team in creating substantial value for shareholders, after a carefully managed and diligent review process, the board has withdrawn its recommendation for the 888 offer and is now advising bwin.party shareholders to vote in favour of the offer from GVC."

888 responded to the news by saying that as a result of its own extensive due diligence on Bwin, it cannot see sufficient value in the company to warrant a revision to its offer.

"Consequently, 888 confirms that it is no longer in discussions regarding the acquisition of Bwin.party," it said.

Bwin put itself up for sale last year and 888 and GVC expressed their interest in the business in May. Since then, the two companies have been engaged in a takeover race, making cash and share offers.

Initially, GVC had teamed up with Canadian poker company Amaya and planned a break-up of Bwin.

Although GVC offered more for Bwin, the board had considered the joint approach too risky and as a result, recommended the takeover by 888.

But determined to get ahead, GVC then ditched Amaya, secured a €400m loan and made an improved bid to Bwin in August.

Last week, Bwin incited asked GVC to make its best formal offer and this was submitted last Friday, while a sweetened bid from 888 was made over the weekend

Director's Declaration
RNS
RNS Number : 8745Y
GVC Holdings PLC
11 September 2015







GVC Holdings PLC



("GVC" or the "Group" or the "Company")



Director's Dealings





The Company announces that Lee Feldman, Non-Executive Chairman today purchased 20,400 ordinary shares of €0.01 each in GVC at a price of 405p per share. Following this transaction, Mr Feldman holds 165,957 ordinary shares in the Company, representing approximately 0.27 per cent. of its issued share capital.





- Ends -

IC - punchy yield stock GVC has revealed it is taking a dividend holiday in 2016 as it prepares to subsume acquisition target Bwin.Party Digital Entertainment. In May the dividend yield was 9 per cent. The payment holiday may be offputting but there is a clear reason for it. Payments could resume sooner than planned meaning holding on makes sense.