Tag: GVC

Ladbrokes lifts over-the-counter bets as machine sales slide

Ladbrokes over counter bets
GVC subsidiary, Ladbrokes, posts a seven percent lift in over-counter bets for the last quarter - a slither of silver lining amidst the ongoing..

GVC settling into ‘post £2 stakes-cut environment’

GVC stakes cut
GVC has managed to keep its head above water in the first quarter since the new machine regulations came into play - with online growth in all key markets..

GVC online portfolio helps offset high street performances

ladbrokes coral
GVC Holding's online verticals led the company to Q2 gains as the reduction in FOBT stake bit into its high street operations. GVC Holdings, the company behind Ladbrokes Coral, saw impact from the FOBT stake reduction lessened by positive performances across its online verticals. Revenues from Ladrbokes Coral retail venues were down 19 percent up to 30 June with machine take...

Netherlands urged to strike right balance on advertising

Netherlands advertising balance
Expert panelists at the Gaming in Holland conference held in Amsterdam in June discussed the tricky trade-offs involved in the regulation of advertising -

GVC’s Hornby leaves for Restaurant Group

Andy Hornby GVC
Industry observers heap the praise on former Coral boss Andy Hornby as he leaves GVC to become CEO of The Restaurant Group.

Playtech launches casino partnership with GVC across key markets

playtech gvc
Playtech, the world’s leading omni-channel gambling company, is pleased to announce the successful roll-out of its industry leading casino offering in multiple markets across GVC’s leading brands - including bwin, Sportingbet, partypoker, PartyCasino, Foxy Bingo, Foxy Casino and Crystalbet. The UK, Spain, Italy and Georgia have become the latest key markets in which GVC has launched Playtech’s award-winning content on...

GVC posts 18 percent online growth as regs hit retail

GVC Foxy Bingo
In its last trading update before the new FOBT stake comes into play, Ladbrokes parent company, GVC, has posted a promising doubledigit lift in online..

British bosses at odds over sport sponsorship

Football Sponsorship
As GVC’s Kenny Alexander announces he will unilaterally pull all ads and sponsorship from British sport, while challenging others to do the same, rival..

Yggdrasil signs with GVC for threefold online integration

Yggdrasil, signs, GVC, online integration
Yggdrasil has announced the finalisation of a deal with GVC Holdings, owner of Ladbrokes, Coral and Gala, to provide each brand with its market-leading casino slots gaming content. With a significant online presence and extensive network…

Greentube enters Italy with GVC partnership

Greentube has expanded into the Italian regulated market through a renewed partnership with GVC. The operator will launch the full game portfolio of the Vienna-based slots developer via the domain on its Novo Remote Gaming Platform.

GVC set to launch Ainsworth titles into New Jersey online space

GVC Holdings has agreed to launch 20 Ainsworth Game Technology slots via its New Jersey platform, before regular title additions over a six month period of exclusivity. The operator will release the portfolio through its MGM and Borgata gaming brands, as well as the Partypoker and PartyCasino domains. “This is fantastic news for both our B2B partners and the wider casino...

London-listed gaming firms embroiled in pay revolts

London Stock Exchange
Top executives in the most successful UK-listed gaming firms have faced a backlash from their shareholders over the amount they are paid. Playtech endured a revolt in May over the firm remuneration report which included a 78 percent pay rise for the CEO Mor Weizer.

1,600 Ladbrokes Coral jobs under threat from GVC takeover

ladbrokes coral jobs
Hundreds of jobs could be up for the chop should GVC’s takeover of Ladbrokes Coral go through, the bookmaker admitted in a new outline of the deal.   Although the deal is expected to fetch a potential £3.9bn, the two companies said up to 6 percent of their combined 26,800 workforce - around 1,608 staff - could lose their jobs. The...

Hill’s consummate new chair to exploit ‘considerable opportunities’

roger devlin william hill chair
British betting group William Hill has found an illustrious new chairman in FA executive Roger Devlin. The well-connected former Ladbrokes director could help unlock the transformative deal that the bookmaker has thus far been denied.   Not famed for timely appointments, bookmaker William Hill has annointed a prestigious new chairman to steer the company as it heads into a complex period...

Ladbrokes agrees to savings-centric GVC takeover

  Ladbrokes’ board finally agreed to GVC’s £4bn takeover bid, in a deal expected to mitigate regulatory risks and save an estimated £100m by 2021.   GVC Holdings is soon to become one of the world’s biggest gambling companies after absorbing Britain’s largest and longest serving high-street bookmaker. The offer, which currently values Ladbrokes Coral at £4bn, would send GVC a quarter...

GVC Ladbrokes Coral? Betting giants in acquisition talks after FOBT backlash

ladbrokes shop 2
  In an move that could turn Ladbrokes Coral into a company worth nearly £4bn, the UK betting giant is in “detailed” talks for a takeover by online competitor GVC.   Under the proposals, GVC - which owns the Bwin and Sportingbet brands - would hold 53.5 percent of the combined group. The move could lead the biggest shake up of the UK...

Greentube slots go live with GVC

Betting Business Greentube EveryMatrix content deal slots
Greentube, the NOVOMATIC Interactive division, has rolled out its game content with online gaming operator GVC Holdings.   A selection of slot games have launched across GVC Group’s vast array of brands such as bwin, partypoker and PartyCasino. Amongst the titles on offer are premium NOVOMATIC blue-chip slots such as Book of Ra, Lucky Lady’s Charm and Sizzling Hot, as well as...

Turkey assault of gaming to hurt GVC

BBi turkey
Turkey is amending its gaming laws, taking a far tougher stance on unlicensed operators, in a move that could have significant consequences for online operator GVC Holdings.   President Erdogan’s ramped-up approach includes internet monitoring, curbs on payments services - including cryptocurrencies - and a ban of gambling advertising. At the same time, new provisions to impose fines - even prison sentences...

Ladbrokes Coral turn down £3.6bn GVC takeover

Betting Business, Ladbrokes, profits united challenge omni
GVC, the Isle of Man-based gambling giant, have failed in another bid to gain control of Ladbrokes Coral, the Financial Times reports. Approaching the UK bookmaker that currently hold over 3,500 betting shops, GVC offered £3.6bn in an attempt to create possibly the world’s largest gambling company. This is the second time an offer has been made by GVC, the first...

GVC latest report signals strong results for Q2

BB - Jackpotjoy accounts report AGM Cherry Yggdrasil Newgioco strong
GVC Holdings PLC, the multinational sports betting and gaming group, has confirmed a strong quarter in its trading update for the six months to 30 June 2017.   GVC’s Q2 report highlighted a number of key growths in relation to NGR with trading figures in line with management expectations alongside the completed disposal of Kalixa. The group’s latest KPI figures show another...

ESSA announce new chair following board restructure

BBi - GVC ESSA Heike Mayer
International betting integrity body, ESSA, has elected a GVC’s Heike Mayer as its new Chairperson and expanded the membership of its board.   ESSA has confirmed it has appointed a new chair with GVC’s Heike Mayer succeeding outgoing ESSA Chair, Mike O’Kane, who has held the position since 2012. The board has also expanded to reflect its growing membership, with Betway’s Jon...