Wednesday, March 29, 2023

Tag: Kenny Alexander

GVC rebrands as Entain, vows to exit grey markets

GCV rebrands as Entain
GVC - the not-so-catchy umbrella group for Ladbrokes Coral, Foxy Bingo, Party Poker and many others - is to rebrand as Entain, and refocus its efforts towards long-term growth in regulated markets.

Gambling industry grapples with global lockdown

Covid-19 lockdown coronavirus
With Covid-19 forcing workers to stay at home and almost every retail outlet to close its doors, gambling firms are turning to online revenues where they can - and government support where they can’t.

British bookies on voluntary shirt sponsorship ban

Shit sponsorship british bookies gambling
Following last month’s furore over gambling companies streaming FA matches through their apps, leading British bookies are now considering a voluntary ban..

MPs vow to ‘go after’ online firms ‘just like we did with FOBTs’

MPs online firms
The assault on British betting shops has done little to dampen anti-gambling fervour in Westminster, as MPs release yet another radical report - this time..

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’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.

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..

Kenny Alexander: Running against the pack

BBi - Kenny Alexander GVC
In an interview with the Evening Standard, Kenny Alexander, CEO of the snowballing GVC Holdings, says a dependency on betting shops is “not a poison pill to any deal”.   If there’s one betting boss acutely unfazed by the Damoclean prospect of a triennial review, it’s GVC’s Kenny Alexander. While the campaign to cut FOBTs is “ridiculous”, he tells the London Standard,...

Merger success puts GVC back in MA market

Betting Business - GVC M&A
GVC Holdings, a company that only four years ago was valued at less than £100m, is today worth in excess of £2bn. Having been built on the back of M&A success, CEO Kenny Alexander, says he’s definitely in the market for another transformative transaction.   Isle of Man-based GVC Holdings issued its first full year figures in March, since its acquisition...

Light at end of tunnel for William Hill CEO search

William Hill Grand Parade CEO
Objection from shareholders could hamper the board once more over the company’s ongoing search for a permanent CEO, a process now believed to be drawing to a close.   Delivered in tandem with William Hill’s full year report (which saw adjusted profits come in £1.5m above its second revised-down expectation), chairman Gareth Davis said: “at the outset of the CEO process,...