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GVC Holdings PLC (GVC.L)

GVC.L on London Stock Exchange

1,098.00GBp
19 Jul 2018
Change (% chg)

18.00 (+1.67%)
Prev Close
1,080.00
Open
1,076.00
Day's High
1,108.00
Day's Low
1,076.00
Volume
2,076,623
Avg. Vol
4,320,332
52-wk High
1,119.00
52-wk Low
729.50

Latest Key Developments (Source: Significant Developments)

GVC Holdings Says H1 Net Gaming Rev Rose 8 Pct
Wednesday, 18 Jul 2018 02:00am EDT 

July 18 (Reuters) - GVC Holdings PLC ::H1 GROUP NGR +8%.SAW AN ACCELERATION IN YEAR-ON-YEAR GROWTH IN Q2 2018 OVER Q1 2018 DRIVEN BY GOOD UNDERLYING MOMENTUM AND WORLD CUP.ONLINE NGR GROWTH WAS 22% IN Q2 AND +18% FOR SIX MONTHS TO 30 JUNE 2018.UK RETAIL TRENDS IMPROVED IN Q2 AS WEATHER PROVED LESS DISRUPTIVE THAN IN Q1.WORLD CUP TOURNAMENT AS A WHOLE HAS BEEN A GOOD ONE FOR GROUP.WELL PLACED TO DELIVER AGAINST FULL YEAR EXPECTATIONS.  Full Article

GVC Says Does Not Intend To Seek Judicial Review Of Triennial Review Decision
Thursday, 17 May 2018 02:29am EDT 

May 17 (Reuters) - Gvc Holdings Plc ::NOTES ANNOUNCEMENT MADE TODAY BY UK GOVERNMENT REGARDING TRIENNIAL REVIEW..SIGNIFICANT RE-ENGINEERING OF MACHINES AND GAMING SOFTWARE WILL ALSO BE REQUIRED TO EFFECT THESE CHANGES."DISAPPOINTED WITH OUTCOME, PARTICULARLY GIVEN INDEPENDENT EVIDENCE ON STAKE CUTS PUBLISHED BY GAMBLING COMMISSION,RESPONSIBLE GAMBLING STRATEGY BOARD".GVC CONFIRMS THAT IT DOES NOT INTEND TO SEEK A JUDICIAL REVIEW OF TRIENNIAL REVIEW DECISION.TODAY'S GOVERNMENT ANNOUNCEMENT MARKS END OF UNCERTAINTY ON FOBT STAKING LIMITS.EXPECT TO RETAIN A PROFITABLE AND HIGHLY CASH GENERATIVE UK RETAIL ESTATE.IN FIRST FULL YEAR IMPACT ON GROUP, EBITDA IS ANTICIPATED TO BE IN REGION OF £160M.ANNOUNCEMENT HAS NO IMPACT ON MINIMUM TARGETED SYNERGIES OF AT LEAST £100M PER ANNUM FROM LADBROKES DEAL.EXPECT TO BE ABLE TO REPOSITION BUSINESS WITHIN TWO YEARS FOLLOWING IMPLEMENTATION, WITH MITIGATED IMPACT OF C£120M ON EBITDA SECURED BY END OF PERIOD.  Full Article

GVC Says All Regulatory Clearances For Ladbrokes Deal Received
Wednesday, 21 Mar 2018 10:40am EDT 

March 21 (Reuters) - GVC Holdings Plc ::‍ALL REGULATORY CLEARANCES HAVE BEEN RECEIVED IN RELATION TO LADBROKES ACQUISITION;COURT HEARING TO SANCTION SCHEME WILL BE HELD ON MARCH 26​.  Full Article

Gvc Holdings Says Priced And Allocated Debt Financing Package
Monday, 19 Mar 2018 03:00am EDT 

March 19 (Reuters) - Gvc Holdings Plc ::HAS SUCCESSFULLY PRICED AND ALLOCATED DEBT FINANCING PACKAGE SUPPORTING ITS INTENDED ACQUISITION OF LADBROKES CORAL PLC​.‍FIRST LIEN TERM LOAN B IS ACCOMPANIED BY A NEW £550M MULTI-CURRENCY 5 YEAR RCF PRICED AT E+275​.  Full Article

GVC Holdings Says FY ‍Adj. Profit Before Tax up 182% To 178.7 Mln Euros​
Friday, 9 Mar 2018 02:01am EST 

March 9 (Reuters) - Gvc Holdings Plc ::FY ‍ADJUSTED PROFIT BEFORE TAX +182% TO EUR 178.7M​.‍FY CLEAN EBITDA UP 40% TO EUR 239.5M​.‍SECOND INTERIM DIVIDEND EUR 0.175, GIVING FULL YEAR EUR 0.34​.‍STRONG START TO 2018 WITH NET GAMING REVENUE +16% (+18% IN CONSTANT CURRENCY) UP TO 4 MARCH 2018​.‍FY NET GAMING REVENUE +17% TO EUR 925.6M VERSUS PRO FORMA 2016​.‍BOARD'S EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED​.  Full Article

GVC Holdings Says Shareholders At EGM Vote To Approve Ladbrokes Deal ‍​
Thursday, 8 Mar 2018 06:01am EST 

March 8 (Reuters) - GVC Holdings Plc ::GVC HOLDINGS PLC SAYS 99.97 PERCENT SHAREHOLDERS AT EGM VOTE TO APPROVE LADBROKES DEAL ‍​.  Full Article

GVC Holdings Says To Acquire 51 Pct Equity Capital Of Mars Llc
Monday, 5 Mar 2018 02:00am EST 

March 5 (Reuters) - GVC Holdings Plc ::SAYS AGREED TO INITIALLY ACQUIRE 51% OF EQUITY CAPITAL OF MARS LLC.SAYS DEAL WITH A COMMITMENT TO ACQUIRE REMAINING 49% IN 2021.‍TO ACQUIRE AN INITIAL 51% OF EQUITY CAPITAL OF CRYSTALBET FOR A CONSIDERATION OF EUR 41.3M, PLUS A WORKING CAPITAL ADJUSTMENT, TO BE SATISFIED ALL IN CASH FROM EXISTING GVC RESOURCES​.SAYS COMPLETION EXPECTED TO OCCUR BY END OF MARCH 2018.‍OPERATIONAL MANAGEMENT TEAM AT CRYSTALBET WILL REMAIN WITH CRYSTALBET, RETAIN FULL EQUITY SHAREHOLDINGS IN CRYSTALBET FOLLOWING INITIAL ACQUISITION​.  Full Article

GVC Announces Debt Syndication To Supporting Ladbrokes Coral Acquisition
Thursday, 1 Mar 2018 07:44am EST 

March 1 (Reuters) - GVC Holdings Plc ::‍LAUNCH OF GENERAL SYNDICATION FOR DEBT FINANCING PACKAGE SUPPORTING ITS INTENDED ACQUISITION OF LADBROKES CORAL​.‍FINANCING CONSISTS OF £1,400 MILLION EQUIVALENT FIRST LIEN TERM LOAN B AND A £550 MILLION MULTI-CURRENCY REVOLVING CREDIT FACILITY​.‍PROCEEDS FROM FINANCING WILL BE USED TO SATISFY CASH CONSIDERATION PAYABLE TO LADBROKES CORAL SHAREHOLDERS.  Full Article

Ladbrokes Coral Group Says Full Year Group Operating Profit Was At Top End Of Management Expectations​
Friday, 9 Feb 2018 11:26am EST 

Feb 9 (Reuters) - Gvc Holdings Plc ::‍FULL YEAR GROUP OPERATING PROFIT WAS AT TOP END OF MANAGEMENT EXPECTATIONS​.‍FULL YEAR GROUP NET REVENUE +4%​.‍SECOND INTERIM DIVIDEND OF 4P ANNOUNCED​.‍TOTAL GROUP NET REVENUE WAS 12% AHEAD OF LAST YEAR​.‍BOARD DOES NOT INTEND TO DECLARE A FINAL DIVIDEND FOR YEAR ENDED 31 DECEMBER 2017​.‍CONDITIONAL UPON ACQUISITION BEING APPROVED AT LADBROKES CORAL SHAREHOLDER MEETINGS, DRIP WILL BE CANCELLED​.  Full Article

Gvc Holdings Plc says daily NGR for Q4 rose by 21 pct
Thursday, 11 Jan 2018 02:00am EST 

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

UPDATE 1-GVC's gaming revenue rises 11 pct on football World Cup boost

July 18 British gambling company GVC Holdings Plc said on Wednesday its quarterly net gaming revenue rose 11 percent as the football World Cup boosted win margins, volumes and value of new customer deposits.