Thursday, September 23, 2021

Tag: Kenneth Alexander

GVC confirms E320m of long-term financing

Betting Business - GVC Holdings financing
Following its one-year E250m loan facility from Nomura International, GVC Holdings has secured long-term financing to assist future M&A activity.   GVC Holdings, a multinational sports betting and gaming group, has managed to secure E320m in long-term financing to assist with future M&A activity. The latest round of financing comprises a E250m secured-term loan and a E70m revolving credit facility. The news comes...

GVC merger with Bwin drives surge in growth

Betting Business GVC
Consolidation with Bwin has led a surge in earnings for SportingBet and FoxyBingo owner the GVC gaming group, leading the company to adjust its annual profit guidance.   According to interim financials published by GVC, the company’s profit more than doubled in the six months ended July 30  – from E21.8m to E51.3m, with a concurrent 8 per cent growth in revenue...

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