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United Kingdom

GVC Holdings PLC (GVC.L)

GVC.L on London Stock Exchange

1,035.00GBp
22 Jun 2018
Change (% chg)

11.00 (+1.07%)
Prev Close
1,024.00
Open
1,025.00
Day's High
1,040.00
Day's Low
1,024.00
Volume
1,446,400
Avg. Vol
4,209,019
52-wk High
1,075.00
52-wk Low
729.50

Latest Key Developments (Source: Significant Developments)

GVC Says For Jan 1 To May 20, UK Retail LFL Net Gaming Revenue down 5 pct
Friday, 25 May 2018 

May 25 (Reuters) - Gvc Holdings Plc ::TRADING UPDATE AND HISTORIC PRO FORMA FINANCIALS.ANNOUNCES A CHANGE IN REPORTING CURRENCY TO STERLING, EFFECTIVE IMMEDIATELY, HAVING PREVIOUSLY REPORTED IN EUROS.DOUBLE-DIGIT ONLINE NGR GROWTH CONTINUES, +18% IN CONSTANT CURRENCY FOR PERIOD 1 JANUARY TO 20 MAY 2018.FOR JAN 1 TO MAY 20, UK RETAIL LIKE-FOR-LIKE NET GAMING REVENUE -5% IMPACTED BY ADVERSE WEATHER.FOR JAN 1 TO MAY 20, EUROPEAN RETAIL NGR +32% (+28% CC) BOOSTED BY A STRONG PERFORMANCE FROM EUROBET.FOR JAN 1 TO MAY 20, TOTAL GROUP NGR +7%.COST SYNERGIES FROM LADBROKES DEAL UPGRADED TO AT LEAST £130M (FROM £100M) BY 2021.FOR JAN 1 TO MAY 20, GAMES BRANDS NGR +16% (+18% CC).EXPECT TO RETAIN A PROFITABLE AND HIGHLY CASH GENERATIVE UK RETAIL ESTATE.GVC AND PLAYTECH PLC ARE IN DISCUSSIONS TO UPDATE EXISTING SERVICES AGREEMENT BETWEEN TWO COMPANIES.  Full Article

Ladbrokes Says Clear That Stake Cuts Will Fail To Address Issue Of Problem Gambling
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Ladbrokes Coral Group Plc ::RESPONSE TO TRIENNIAL REVIEW £2 STAKE SPECULATION.‍NOTES STORIES IN PRESS THAT SPECULATE THAT SECRETARY OF STATE FAVOURS A £2 STAKE AS OUTCOME OF TRIENNIAL REVIEW CONSULTATION​.‍"WE ARE VERY CLEAR THAT STAKE CUTS WILL FAIL TO ADEQUATELY ADDRESS ANY ISSUE OF PROBLEM GAMBLING"​."WE WILL CONTINUE TO MAKE CASE FOR A SENSIBLE MEASURED, EVIDENCE LED AND PROPORTIONATE RESPONSE TO PUBLIC CONCERN".  Full Article

Gvc Holdings Plc says daily NGR for Q4 rose by 21 pct
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Gvc Holdings Plc ::GROUP ENJOYED A RECORD QUARTERLY NGR IN Q4 2017 AND, AS A RESULT, NGR FOR YEAR TO 31 DECEMBER 2017 IS EXPECTED TO BE CEUR 1,009M​.‍BOARD EXPECTS CLEAN EBITDA FOR FY TO BE AT TOP END OF MANAGEMENT'S INTERNAL EXPECTATIONS​.‍DAILY NGR FOR Q4 INCREASED BY 21% (+25% IN CONSTANT CURRENCY) AND ON AN UNDERLYING BASIS, WAS 31% HIGHER​.  Full Article

GVC Holdings Completes ‍Sale Of Headlong Limited And Other Companies
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - GVC Holdings Plc ::‍SALE OF HEADLONG LIMITED AND OTHER COMPANIES TO ROPSO MALTA LIMITED HAS NOW BEEN COMPLETED​.  Full Article

GVC Announces 50 Mln Euro Increase In Long-Term Refinancing Facility
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Gvc Holdings Plc ::ANNOUNCE EUR 50M INCREASE IN TERM LOAN ELEMENT OF ITS SENIOR SECURED TERM AND REVOLVING FACILITY, ORIGINALLY SIGNED IN MARCH 2017​.‍FACILITY NOW COMPRISES A EUR 300M TERM LOAN AND A EUR 70M REVOLVING CREDIT FACILITY ​.‍ADDITIONAL EUR 50M RAISED WILL BE USED FOR POTENTIAL BOLT-ON ACQUISITIONS AND GENERAL CORPORATE PURPOSES​.‍NOMURA INTERNATIONAL PLC AND DEUTSCHE BANK AG - LONDON BRANCH ACTED AS MANDATED LEAD ARRANGERS​.  Full Article

GVC Holdings announces disposal of Turkish operations
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - GVC HOLDINGS PLC :GVC HOLDINGS PLC - DISPOSAL.‍PLEASED TO ANNOUNCE SALE OF HEADLONG LIMITED, A WHOLLY OWNED SUBSIDIARY, AND OTHER COMPANIES ("HEADLONG AND ASSOCIATED BUSINESSES") THAT COMPRISE ITS TURKISH FACING OPERATIONS TO ROPSO MALTA LIMITED​.SALE HAS PERFORMANCE RELATED EARN-OUT CONSIDERATION OF UP TO A MAXIMUM AMOUNT OF EUR 150M IN CASH​.‍COMPLETION IS CONDITIONAL ON GAMING REGULATORY AND LENDER APPROVAL AND IS EXPECTED TAKE PLACE BY END OF DECEMBER 2017​.‍IN YEAR ENDED 31 DECEMBER 2016, HEADLONG AND ASSOCIATED BUSINESSES GENERATED APPROXIMATELY EUR 35M OF CLEAN EBITDA​.‍BOARD HAS CONCLUDED IT IS NOW APPROPRIATE FOR GVC TO FURTHER INCREASE ITS FOCUS ON REGULATED MARKETS​.‍FOLLOWING DISPOSAL REGULATED 1 AND/OR LOCALLY TAXED PROPORTION OF GROUP'S NGR WILL INCREASE TO APPROXIMATELY 75%​.‍DISPOSAL PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES.​.‍DISPOSAL WILL NOT IMPACT GROUP'S STATED PROGRESSIVE DIVIDEND POLICY​.‍IN ADDITION, BOARD BELIEVES THAT DISPOSAL WILL INCREASE ATTRACTIVENESS OF GROUP TO INVESTORS AND POTENTIAL CONSOLIDATION PARTNERS.​.  Full Article

GVC Holdings ‍says Q3 daily NGR up 10 pct
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Gvc Holdings Plc ::‍Q3 GROUP DAILY NGR UP 10% (+13% CONSTANT CURRENCY)​.Q3 ‍SPORTS BRANDS DAILY NGR UP 11% (+14% CONSTANT CURRENCY)​.‍Q3 GAMES BRANDS DAILY NGR UP 15% (+17% IN CONSTANT CURRENCY)​.‍WITHIN SPORTS BRANDS, GROSS WIN MARGIN FOR Q3 WAS 11.2%​.‍"GROUP HAS ALSO ENJOYED A STRONG START TO Q4, ALBEIT IT IS JUST OVER A WEEK INTO PERIOD"​.  Full Article

GVC Holdings Q1 daily gaming revenue up 13 pct
Thursday, 25 May 2017 

May 25 (Reuters) - GVC Holdings Plc ::Group delivered a strong performance in Q1, with daily NGR up 13 pct (+14 pct in constant currency) on pro forma Q1 2016.Positive momentum reported in Q1 has continued into Q2.Group daily NGR is up 16 pct (+18 pct in constant currency) for Q2 period up to May 21 against same period in 2016."Comparatives will get more challenging as we move through rest of year, particularly in absence of a major football tournament this summer" - CEO.Continued enhancements to customer offering, return to more normalised marketing spend will deliver another year of strong progress.  Full Article

GVC Holdings says CFO Richard Cooper to step down; Paul Miles to succeed
Tuesday, 20 Sep 2016 

GVC Holdings Plc : Richard cooper, chief financial officer, is to step down from board, effective from February 2017 .Paul Miles, currently chief financial officer of consumer credit group Wonga, has agreed to join group in Feb. 2017.  Full Article

GVC says replaces existing financing arrangements
Tuesday, 2 Aug 2016 

Gvc Holdings Plc : Has entered into a commitment with nomura international plc ("nomura") for a replacement of gvc's existing financing . Proceeds of which are to be applied towards repayment of its secured eur 400 million term loan facility with cerberus business finance, llc . Gvc and nomura have committed to eur 250 million nomura loan with formal documentation of agreement being signed by 31 october 2016 . Balance of cerberus loan will be repaid from existing cash resources .Replacement of existing financing arrangements.  Full Article

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