Hints and tips:
...A £14mn penalty was for a failure to meet licensing standards at LC International Ltd, which runs Entain’s 13 gaming websites, and Ladbrokes Betting & Gaming Ltd, which operates about 2,700 gambling shops...
...Shares in GVC — which said the impact would not be as severe as the last lockdown — were about 3 per cent lower on Monday afternoon....
...GVC Holdings, the owner of Ladbrokes Coral, said last week that online gaming revenues in the first half of the year had risen 19 per cent compared with the same period in 2019....
...Analysts suggest that William Hill being picked off by Caesars may prompt the likes of MGM to look twice at its own joint venture partner, Ladbrokes Coral owner, GVC....
...GVC’s results say a minimum of 80 per cent of its German in-play betting revenues will be unaffected....
...The company, which provides betting software to GVC, owner of Ladbrokes Coral, also announced that it had signed a long-term partnership with the Colombia gambling company Wplay....
...In order to watch the games, Bet365, GVC — the owner of Ladbrokes Coral — and Flutter, Betfair’s parent company, said that customers either needed to have a funded account or have placed a bet on any event...
...This year, as publicly listed gambling companies William Hill and GVC, the owner of Ladbrokes Coral, announced they were shutting 1,600 shops, Bet365, which operates solely online, took on an additional...
...Ladbrokes owner GVC, through a $200m partnership with the US casino company MGM, and FoxBet, a tie up between Stars Group and FoxSport, have also launched in New Jersey in the past two weeks....
...GVC Holdings, one of the world’s largest online gambling groups and owner of bookmaker Ladbrokes Coral, has called for a ban on betting groups sponsoring football clubs....
...The initial cancellation hit the shares in the big bookmakers — William Hill, Paddy Power Betfair and GVC — sending them all down by more than 2 per cent....
...Mr Ader has form in the industry: in 2015, he agitated for the sale of online gambling company bwin.party, eventually leading to its £1.1bn acquisition by GVC....
...Shares in listed bookmakers fell, with William Hill, Paddy Power Betfair and GVC down more than 2 per cent in early Thursday trading....
...GVC is currently in negotiations over renewing Ladbrokes’s contract with Playtech to supply gaming technology. But Playtech has decided to sell down its stake in GVC altogether to seek its own deals....
...In the past three years, a wave of consolidation has shaken up the industry, with tie-ups between GVC and Ladbrokes, and Paddy Power and Betfair....
...Shares in William Hill, Ladbrokes owner GVC and 888 Holdings all fell 3 per cent on the news. It may not even be enough....
...Gambling operators GVC and Paddy Power Betfair both make over 80 per cent of sales in regulated markets. Shares in GVC trade at twice Playtech’s on a ratio of enterprise value to forward ebitda....
...company added that it now expected adjusted earnings for 2018 to be between €320m to €360m — a result that does not take into account the €222m Playtech made from selling its stake in online Gambling group GVC...
...GVC Holdings, which owns the high street betting shop Ladbrokes Coral in the UK as well as online gambling sites Bwin, Sportingbet, PartyPoker and Foxy Bingo, jumped 5.2 per cent....
...GVC has made two recent attempts to buy Ladbrokes Coral and since Ladbrokes is set to be the hardest hit by a change in regulation, GVC could get itself a better price....
...Bookmakers with large numbers of retail outlets currently count on FOBTs for a large proportion of their profits, and shares in Ladbrokes and GVC — which is in the process of buying it — tumbled on Monday...
...GVC has also been tipped as a potential bidder for William Hill....
...GVC – which has made offers twice before – has been named by many as primed to do a deal. Some say it has already agreed everything but price....
...Apollo had been reported in September to be supportive of Ladbrokes’ potential takeover by GVC, which slipped 2.7 per cent to 929p....
...That looks too cheap when compared against sector peers such as GVC and 888, as well as ignoring the likelihood of a re-rating as the contribution from regulated markets increases, UBS argued....
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