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

12:50 18/04/2018
Broker Forecast - Numis issues a broker note on GVC Holdings Plc
Numis today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 1141p (from 1133p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

10:30 08/05/2018
Broker Forecast - Shore Capital issues a broker note on GVC Holdings Plc
Shore Capital today initiates coverage of GVC Holdings Plc (LON:GVC) with a buy investment rating and price target of 871p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Triennial Review
RNS
RNS Number : 3893O
GVC Holdings PLC
17 May 2018


17 May 2018

GVC Holdings PLC
("GVC", the "Group")

Triennial Review

GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, notes the announcement made today by the UK Government regarding the Triennial Review.

The Government has today published its final decision on the Triennial Review, concluding that stakes on B2 content should be cut to a maximum of £2 per spin. Whilst we welcome the certainty provided by the announcement, we are disappointed with the outcome, particularly given the previous independent evidence on stake cuts published by both the Gambling Commission and the Responsible Gambling Strategy Board.
It is now important that the industry is given an adequate implementation period to help prepare and plan for the shop closures that will arise, including attempting to mitigate the impact of resultant job losses. Significant re-engineering of the machines and gaming software will also be required to effect these changes.
Today's Government announcement marks the end of uncertainty on FOBT staking limits. As a responsible business, we re-iterate our commitment to work closely with the Government and our regulators to ensure that both our retail and online offerings are places where customers can enjoy gambling in a safe and secure environment. In order to achieve a positive and constructive working relationship, GVC confirms that it does not intend to seek a Judicial Review of the Triennial Review decision.
Expected financial impact
The focus in the UK Retail operation over the last two years has been to create a business that is well placed to face these structural and regulatory headwinds. As such we expect to be able to reposition the business within two years following implementation, with an anticipated fully mitigated impact of c£120m on Group EBITDA secured by the end of this period. In the first full year the impact on Group EBITDA is anticipated to be in the region of £160m. Therefore, we expect to retain a profitable and highly cash generative UK Retail estate. Furthermore, our proven leading multi-channel expertise presents additional opportunities to drive online growth.
The offer for Ladbrokes Coral Group ("Ladbrokes Coral") envisaged the possibility of a £2 maximum stake Triennial Review (see below) and today's announcement has no impact on the minimum targeted synergies of at least £100m per annum.
Contingent Value Right
As part of the consideration paid for the acquisition of Ladbrokes Coral, GVC issued to each Ladbrokes Coral shareholder a Contingent Value Right ("CVR") for each Ladbrokes Coral share that they held. The CVRs were constituted under a deed poll made by the Company ("CVR Instrument"), a copy of which can be found at www.gvc-plc.com.The value of each CVR, and therefore the value of any payment ultimately due from GVC to CVR holders, is directly linked to the outcome of the Triennial Review and certain laws enacted pursuant to it. Whilst there is a formal process and methodology for determining the value of the CVRs, which GVC will adhere to, the CVR Instrument envisages that if legislation is enacted prior to 28 March 2019 reducing maximum stakes to £2, as announced by the Government today, this will result in each CVR having zero value. In such circumstances no payment would be required to be made by GVC to CVR holders and the CVRs would be automatically cancelled.
Trading update and pro forma financial information
The Group intends to provide a current trading update, along with enlarged Group pro forma financial information on 25 May 2018. An analyst call will be held at 9.00 AM on the same day. Participants may join the call by dialing one of the following numbers, approximately 10 minutes before the start of the call:

What do you think of these dc?
I remember when the US ban on betting was introduced and many of these stocks crashed.
GVC has swallowed up a number of the smaller companies. WMH seems ready to go in the US. Not sure about 888. PPB definitely one to watch, imo.
Assuming this goes ahead, then even allowing for the FOBM loss in revenue, the anticipated US revenue should more than offset that.

Certainly thought there would be a hefty fall today Harry. I think the reduction in the stake is good. Families must be being torn to shreds, with some gambling getting out of control. Just think 5 spins of the wheel equalled up to £500, crazy.

you clearly missed this important bit, which is no doubt why the shares shot up another 50p yesterday .....

The offer for Ladbrokes Coral Group ("Ladbrokes Coral") envisaged the possibility of a £2 maximum stake Triennial Review (see below) and today's announcement has no impact on the minimum targeted synergies of at least £100m per annum.

Cheers cynic.

Trading update

25 May
Numis
1,141.00
Buy
25 May
Shore Capital
983.00
Buy

11:30 04/06/2018
Broker Forecast - HSBC issues a broker note on GVC Holdings Plc
HSBC today upgrades its investment rating on GVC Holdings Plc (LON:GVC) to buy (from hold) and raised its price target to 1135p (from 880p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

11:20 04/06/2018
Broker Forecast - AlphaValue issues a broker note on GVC Holdings Plc
AlphaValue today upgrades its investment rating on GVC Holdings Plc (LON:GVC) to buy (from add). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Playtech plc
Result of Secondary Placing of holding in GVC Holdings plc
Playtech plc ("Playtech" or the "Company") has held a stake of approximately 3.4% of GVC Holdings plc's ("GVC") issued share capital which it received as a result of its previous holding in Ladbrokes Coral Group plc (previously Ladbrokes plc).

Following a placing conducted through Goodbody, UBS Limited and Shore Capital (the "Placing"), Playtech has sold its entire holding of c.19.6 million ordinary shares in GVC at a price of 1010 pence per ordinary share. The Placing is expected to settle on a T+2 basis, on 11 June 2018. Following completion of the Placing, Playtech will no longer hold any interest in GVC's ordinary shares.

Appointment of Brokers & notice of trading update
RNS
RNS Number : 2153U
GVC Holdings PLC
11 July 2018


11 July 2018

GVC Holdings PLC
("GVC", the "Group")

Appointment of Joint Corporate Brokers
& confirmation of post close trading update

GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, is pleased to announce the appointment of Deutsche Bank and Berenberg as its Corporate Brokers with immediate effect.

The Group intends to announce a post close trading update on 18 July 2018.

- ends -

Trading Update
RNS
RNS Number : 9540U
GVC Holdings PLC
18 July 2018


18 July 2018

GVC Holdings PLC
("GVC", the "Group")

H1 Post Close Trading Update

GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, is pleased to announce a post close H1 trading update.

Key highlights (proforma basis1):

Q2:
· Positive growth trends continue with Group NGR +11% (cc2 +12%)
· Strong Online NGR growth at +22% (cc2 +25%)
· UK Retail Like-for-like ("LFL")3 NGR in growth at +2% helped by World Cup
· European Retail NGR +19% (cc2 +16%)

H1:
· Group NGR +8% (cc2 +8%)
· Online NGR +18% (cc2 +20%)
· For the period up to commencement of the World Cup Online NGR +15% (cc2 +17%)
· Positive World Cup driven by margin and volume
· UK Retail LFL3 NGR -3%
· European Retail NGR +29% (cc2 +26%)


The Group saw an acceleration in year-on-year growth in Q2 2018 over Q1 2018 driven by good underlying momentum and the World Cup.

Online NGR growth was 22% in Q2 (cc2 +25%) and +18% (cc2 +20%) for the six months to 30 June 2018. Online NGR for the period from 1 January to 13 June (i.e. prior to the commencement of the World Cup) was +15% (cc2 +17%), reflecting strong underlying growth. The Online brands have continued to benefit from a pipeline of new products and from high profile marketing campaigns.

UK Retail trends improved in the second quarter as the weather proved less disruptive than in the first quarter, while growth in European Retail remained very strong, albeit helped by a soft comparative.

The World Cup tournament as a whole has been a good one for the Group, helped by a better than expected gross win margin but also importantly volumes and value of new customer deposits.

The Group intends to release its interim results on 13 September 2018.


Kenneth Alexander (CEO) said:

"I am pleased to report this positive trading update whilst at the same time undertaking the integration of the Ladbrokes Coral business. The strong momentum across the online business has continued and means we are well placed to deliver against our full year expectations."






Notes:

(1) The Group's proforma results are presented as if the current Group, post the acquisition of Ladbrokes Coral, had always existed. As such, it excludes the results of the Turkish business which was discontinued during 2017and the 360 shops that the Ladbrokes Coral Group was required to divest on merger.
(2) Growth on a constant currency basis is calculated by translating both current and prior year performance at the 2018 exchange rates.
(3) UK Retail numbers are quoted on a LFL basis. During H1 and Q2 there were an average of 3,562 shops in the estate, compared to an average of 3,662 in the same periods last year.

Telegraph - Lucy Burton, Financial services editor
28 July 2018 • 1:59pm


G
ambling giant GVC Holdings is closing in on a $200m (£153m) deal with the world's largest casino operator MGM Resorts International in a move that could clear the way for a mega-merger.
Ladbrokes and Coral owner GVC has confirmed that it is in talks with MGM over a joint venture that could be announced as soon as Monday.
"Discussions are at an advanced stage and will update the market when appropriate," a spokesman said.
Insiders told Sky News, which first reported on the deal, that the tie-up will include a commitment of around 25 years with an option to buy each other out after ten.


The partnership is expected to give FTSE 100 firm GVC a further boost following a recent flurry of gambling activity during the World Cup.
MGM, which owns Las Vegas brands including The Mirage, Bellagio and MGM Grand, is by far the largest of the two with a market capitalisation of over $17bn. It declined to comment on the talks.

Nevada was the only state where bets could be placed on individual sporting events, but a ruling by the US Supreme Court overturned a longstanding ban on sports betting earlier this year.
Although the agreement is not a full-blown merger one source told Sky News that it would be "logical" to assume that a successful pairing could then lead to one.
The two sides already have an alliance in New Jersey under the playMGM brand.
The deal has emerged two months after the US Supreme Court overturned a longstanding ban on sports betting, which led Paddy Power Betfair to boost its US presence by snapping up fantasy sports website Fanduel.

Joint venture with MGM International

Broker Forecast - Berenberg issues a broker note on GVC Holdings Plc
BFN
Berenberg today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 1370p (from 1200p).

Story provided by StockMarketWire.com

Broker Forecasts data provided by www.sharesmagazine.co.uk

08:40 29/08/2018
Broker Forecast - Morgan Stanley issues a broker note on GVC Holdings Plc
Morgan Stanley today initiates coverage of GVC Holdings Plc (LON:GVC) with a overweight investment rating and price target of 1330p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Notice of Half Year Results
RNS
RNS Number : 1973Z
GVC Holdings PLC
30 August 2018

30 August 2018
GVC Holdings PLC

Notice of Half Year Results

GVC Holdings PLC, the multinational sports betting and gaming group, announces that it will report its half year results for the six months ended 30 June 2018 on Thursday 13 September 2018.
An analyst presentation will be held at 9:30am (BST) at Deutsche Bank, Winchester House, 1 Great Winchester St, London EC2N 2DB.
The presentation will be webcast live and will be available via the following link: https://edge.media-server.com/m6/p/brci2i6u
Replays will be available on the GVC website.

2018 Half Year Results
13 September 2018

StockMarketWire.com
Sports betting company GVC swung to a pre-tax profit for the first half of the year as the World Cup fuelled a flurry of betting activity boosting retail revenues, though the company warned of regulatory hurdles ahead.

For the six months to 30 June, the company reported a profit before tax of £113.8m, compared with a loss of £6.4m a year earlier, while revenue rose 195% to £1.11bn.

Net gaming revenue (NGR) - the amount gained in stakes minus payouts roe 191% to £1.13bn.

Net gaming revenue was driven by particularly strong growth in the legacy GVC brands and in the UK where Coral.co.uk grew NGR by 28% and Ladbrokes.com by 19%.

Online growth was strong as NGR was 18% ahead of last year, driven by good underlying growth in all material markets and also by a positive World Cup.

UK retail NGR of £664.6m was 5% behind last year, while European retail NGR of £134.1m was 29% ahead of last year.

GVC expects to close around 1,000 Ladbrokes Coral shops following the UK government final Triennial Review decision to reduce maximum B2 stakes to £2 per spin.

The company also warned of a 'significant' impact to performance in Italy, after the newly formed Italian Government implemented wide-ranging restrictions on betting and gaming promotions and advertising.

The company said that while the prior year comparatives get increasingly tough, its target to double digit annual online NGR growth remains on track and it expects to deliver earnings (EBITDA) and operating profit in-line with the board's expectations. 'The performance of the GVC Group in the first half has been extremely pleasing in what has been a very busy period. Strong momentum in Online and European Retail has continued, and a positive World Cup helped improve trends in UK Retail in the second quarter, said Kenneth Alexander, CEO.