Bookmaker GVC to exit unregulated markets by 2023

Nov 12 (Reuters) - Ladbrokes and bwin owner GVC Holdings said on Thursday that it was committed to relying on nationally regulated markets for all of its revenue by 2023 as new boss Shay Segev laid out his plans to transform the group and grow its presence.

The bookmaker, which will be renamed Entain Plc, said its new corporate actions would cut operating profit by around 40 million pounds ($52.73 million) in 2021. ($1 = 0.7586 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Anil D’Silva)


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.