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GVC Gvc Holdings Plc

1,039.50
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gvc Holdings Plc LSE:GVC London Ordinary Share IM00B5VQMV65 ORD EUR0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,039.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1,038.50 1,039.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,039.50 GBX

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Date Time Title Posts
10/12/202012:09Gaming VC40,297
07/11/201915:37GVC Holding1
27/8/201910:52GVC - 2019 and beyond161
15/3/201920:11GVC Holdings - You can bet on these! [2014]192
19/10/201800:03Bosch15161

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Posted at 08/12/2020 07:41 by speedsgh
Bookmakers urged to repay business rates relief after online betting booms under lockdown -

MPs have urged bookmakers to repay tens of millions of pounds of business rates relief after online betting boomed in lockdown. A slew of pandemic winners have handed back more than £2billion of business rates relief. B&Q-owner Kingfisher is the latest. It has returned a £130million tax break following a boom in DIY and home improvement in lockdown.

Now pressure is mounting on gambling companies to pay back their rates relief. Ladbrokes Coral's owner GVC, which has 3,300 UK shops, will receive £20million in business rates relief this year, while Paddy Power-owner Flutter, which has 350 UK shops, benefits to the tune of £4.8million.

Although the bookies have been closed in both lockdowns, they have benefited from the boom in online gambling.

GVC upgraded its earnings forecast to £780million in November thanks to 'current online trading' and has seen its share price almost triple since its nadir in March.

Despite booming trade it has also refused to hand back tens of millions of pounds claimed under the furlough scheme.

Flutter's revenues grew by close to a third between July and September, and this week it signed a £3billion deal to buy a larger share of US sports betting company Fanduel.

Esther McVey MP, leader of the Blue Collar Conservative group, said: 'If you don't need the Government handout then send it back, because there are plenty of people who will.'

Labour MP Carolyn Harris, chairman of the all-party parliamentary group for gambling harm, said: 'While so many bars, restaurants, pubs and shops fear for their survival, it's only right that large bookmakers should pay this money back so it can be directed where it is needed most.'

Flutter and GVC declined to comment.
Posted at 03/12/2020 08:56 by wilco69
It’s just as well that GVC hasn’t been quoting odds on whether there will be a coronavirus vaccine before Christmas. The sports betting and gaming group, which could have done so via its novelty bets, might have been facing big payouts to optimistic punters after a treatment prepared by Pfizer and Biontech was yesterday granted approval for use in Britain as early as next week.

Indeed, the company has not been accepting gambles on anything Covid-related, though that’s not to say that it has ignored the virus, far from it. The pandemic will have come as a shock to a business used to reporting consistently healthy increases in earnings. In fact, the early months looked decidedly dicey, particularly in Britain, after football and horse racing were suspended and it was forced to shut its bricks-and-mortar shops.

Initially, the company warned that it faced a pre-adjusted hit to profits of as much as £100 million a month, but it halved this after cutting costs, including by putting staff on furlough.

GVC was founded as Gaming VC Holdings in Luxembourg in 2004, although, in the tradition that led Paddy Power Betfair to rebadge itself as Flutter Entertainment, it is preparing to change its name to Entain. The group has grown rapidly through acquisitions and operates numerous brands, both digitally and on the high street, including Ladbrokes, Bwin, Coral, Sportingbet, Foxy Bingo and Partypoker.

Its business is spread across 20 countries, employing 24,000 staff, and in its most recent financial year it made an underlying pre-tax profit of £535.8 million on revenues of more than £3.6 billion. It has particularly high hopes for its fast-growing business in the United States, where it has a joint venture with MGM Resorts, the hotels and casinos operator, and a sports tie-up with Yahoo, the search engine.

Its online business has been boosted during the Covid-19 outbreak as customers denied the mainstream sporting calendar turned to more esoteric sporting events, as well as casino games such as roulette and poker. This meant that at the half-year stage GVC was able to report an 11 per cent fall in net gaming revenue and a 5 per cent fall in pre-adjusted profit — less dire than might have been expected— as its digital businesses delivered double-digit growth in their main markets.

GVC is also beginning to move differently under the leadership of Shay Segev, the former chief operating officer of Playtech, the gaming software company. Mr Segev, 44, who became chief executive this year, has a technology background and plans to build on the strengths of GVC’s digital operations. He also plans to withdraw the group from unregulated markets and is going to press further into America, a high-growth sports gaming market that is liberalising its laws state-by-state. His aim is to increase GVC’s presence from nine states to more than twenty by the end of next year. The group has a market share of about 18 per cent in each state it is in. Mr Segev is keen not only to grow in developed markets but also to open in new ones.

GVC is guiding for profit before tax and other items of between £770 million and £790 million, which would be marginally ahead of last year and, in the light of the year it has been through, is highly respectable.

The shares, up 1½p, or 0.1 per cent, at £10.40, were avoided by this column in March and have risen sharply since then. Trading at 16 times Shore Capital’s forecast earnings for a prospective yield of 3.3 per cent, they are not expensive and have become a much more attractive long-term proposition.

Advice Buy
Why In a strong position to capitalise on growth in online sports betting and gaming, particularly in America
Posted at 27/11/2020 13:03 by srpactive
cm

I appreciate and accept all you say, we will both be
happy in a couple of years time when gvc share price
is......
Posted at 27/11/2020 12:31 by srpactive
cm

No need to apologise I have been called far worse than trumpian.

I appreciate what you say re Turkey / KA.

But the way I make and have made money for thirty plus years is
trying to get the future correct.

Now the US future is enormous for us and should be valued in.

IMHO that is 2000p now, whether I am correct or not we will
see, but I reckon I will be typing here in two years with a
2500p gvc share price or even higher if we spin off Roar.

dyor
Posted at 26/11/2020 13:29 by wilco69
Numis- We hosted a call with Shay Segev, GVC’s CEO, following its strategy presentation last week. We remain confident that the company has the technology, the partnerships, the balance sheet, the vision and the people to drive this business forward as it targets tripling the business in 3-5 years. At 9x FY21 EV/EBITDA, BUY.
● “Double or tripling the business in 3-5 years” driven by the US, core online business and new regulated markets. Assuming the following by 2024: (i) GVC takes 15-20% market share of $20bn market (c.17% now), implying £2-2.5bn divisional revenue (100% of entity); (ii) Double digit p.a. growth of its core online business implies a £4.0bn revenue; (iii) Expansion into new regulated markets equivalent to 30 ‘PortugalsR17; implies a further c.£1.5-2bn. If all these targets are achieved, GVC could generate £8-9bn of revenue vs. c.£3.5bn this year (incl. £1.2bn retail), ie “doubling or tripling the business”.
● US could be a $50bn market in the long term: Shay suggested that the US online gambling market, in the long term could be worth $50bn, more than double their base case for 2024. Assuming all states were regulated, this would imply $150 spend per capita (vs UK c.£100 p.c.). Its partnership with MGM brings financial commitment, market access and a valuable customer database (25% of new actives are M-Life customers, typically worth x2). One of its key lessons in the US it to launch on day 1.
● Technology a differentiator: GVC is a technology-first company, with Shay's background perfectly aligned. They have 3,000 FTE IT developers, have a near-perfect track record on integrations (Ladbrokes, Bwin) and owning the full technology stack provides unrivaled agility, e.g. live on day 1 in a new state.
● Plethera of opportunities outside US: Shay mentioned multiple potentially interesting markets in Europe (Eastern), Latam (eg Colombia launch shortly) and (East) Africa. His priority is to focus on the larger regulated markets, which have material growth prospects. GVC would like to acquire a ‘#4 or #5’ in the market, migrate it to GVC’s platform, extract synergies and grow into the #1.
● UK Gambling Act review 12+ months away: Shay expects the review to kick-off in mid-December followed by a 3-4 month consultation process but likely not to be ratified until end of 2021 at the earliest. He agrees all restrictions already discussed should be “on the table” but it should be “evidence-based”. The stricter the restrictions, the tougher it will be on smaller operators and therefore market share gains would be likely.
Posted at 26/11/2020 10:12 by srpactive
cm

Not down on gvc just down on the market nonsense, the US
companies have massive pe's, debt and are still thriving
as for gvc doing great guns and held down, probably flutter
will after the US buy them first. For heavens sake the US
jv value is not being included in the gvc share price yet,
what is that all about?

If you want proof of silly valuation, when prty was doing well in
the US they were valued at five billion pounds, we own them now
along with sbt, betboo, ladbrokes, mgm jv and more and guess
what we are still valued at five billion, really, we should be 2000p
minimum now.

dyor

active
Posted at 19/11/2020 07:22 by garycook
GM,Srp FYI GVC Drives Forward Safer Gambling Strategy with New Partnerships

19 November 2020

GVC Holdings PLC
(“GVC” or the “Group”)

GVC Drives Forward Safer Gambling Strategy with New Partnerships

As Safer Gambling Week begins, GVC Holdings, the global sports betting and gaming group, (to be renamed Entain plc) has today announced it is piloting two new initiatives to enhance the Group’s Advanced Responsibility and Care safer gambling programme (“ARC”), launched on 12 November.ARC deploys the Group’s proprietary technology platform and behavioural play data to provide end to end player protection and interaction. Utilising sophisticated real time monitoring and analysis tools it enables early intervention to improve player protection. The new partnerships with Future Anthem and Mindway AI, will complement these inhouse capabilities by utilising behavioural, neuroscientific and academic based algorithmic learnings to pioneer world leading harm minimisation solutions.

Working with Future Anthem, the independent specialist in game data, GVC will pilot their newly developed Anthemetrics Safer Play Responsible Gambling solution. The aim of the trial is to further enhance GVC’s existing detection technology to enable earlier identification of players who begin to exhibit potential early signs of problem gambling behaviours.

The Group will start a pilot with Mindway AI, the consultancy with expertise in neuroscience, neuroimaging and problem gambling, on their new and award winning Gamalyze self-identification test. This is used to provide participants with detailed feedback about their decision-making to provide advice and guidance on how they can best maintain control of their gambling behaviour.Shay Segev, GVC’s CEO said:

“As we set out last week with the launch of ARC, our new Safer Gambling programme, we are committed to leading the industry on safer gambling issues. Our proprietary technology provides us with unparalleled insight into player behaviour and we are now enhancing this capability by working with partners to provide additional scientific based insight.”

Leigh Nissm, CEO of Future Anthem said:

“We are delighted to be working with a market-leader such as GVC, who have demonstrated their commitment to improving player safety and taking a science-led approach to player protection. We are excited to demonstrate how our Game Data Science solution will enable GVC to build on this approach, delivering even greater insight in to their player behaviours on casino games.”

Rasmus Kjaergaard, CEO of Mindway AI said:

“Over the past two years GVC have been at the forefront of tackling the issue of problem gambling and we are proud that they are piloting our Gamalyze self-test to provide their players’ with another tool to understand and stay in control of their gambling.” Today’s announcement comes in the same week in which the Group’s existing efforts in safer gambling, were recognised at the EGR industry awards, where GVC was named as ‘Safer Gambling Operator of the year’. It also follows the launch on 12 November of GVC’s new strategy for sustainability, growth and innovation along with its new Sustainability Charter. The Group also announced its intention to rebrand as Entain plc following the requisite shareholder approval.

ENDS
Posted at 09/11/2020 08:43 by garycook
GVC Powered BetMGM Strengthens Market-leading Gaming Offer with Premium Content Providers

9 November 2020

GVC Powered BetMGM Strengthens Market-leading Gaming Offer with Premium Content Providers

– Launch of Evolution Live Dealer Games in NJ proves hugely popular with customers-
– BetMGM now the only operator in the state with access to both live casino providers in the market
– Other new products through partnerships with Playtech, DGC and Ainsworth GVC is pleased to announce that BetMGM, the US sports betting and gaming company created in partnership with MGM Resorts International, has successfully launched its new live casino product, in partnership with Evolution. This complements BetMGM’s already market-leading gaming portfolio, and is further strengthened through the recent addition of industry leading slot content from Playtech, DGC and Ainsworth.

The addition of Evolution’s Live Dealer Games to GVC’s US platform which powers BetMGM, uniquely positions the company as the only operator in New Jersey to offer its customers content from both live studio providers in the state. The games are available in the state through BetMGM, as well as sister brands Borgata Casino and PartyCasino.

Initial user data has shown the new content to be a huge hit with players. In the first seven days following its launch, Evolution generated a third of total Live Casino stakes in New Jersey with BetMGM seeing Live Casino revenues increase by circa 30% month on month. Customers now have access to an even wider range of live poker, blackjack and Baccarat games, with Evolution’s American Roulette proving the standout favourite since launch.

This continues GVC’s phenomenal track record of integrating premium content to enable BetMGM to grow its market leading position, offering customers new content ahead of the competition. The company was amongst the first to launch Playtech’s gaming portfolio in New Jersey and similarly led the way with an exclusive integration with DGC (Digital Gaming Corporation), all of which have proved to be a huge hit with customers.GVC also integrated and launched 20 exclusive online slot games for BetMGM with Ainsworth in New Jersey, including popular land-based slot titles, such as ‘Mustang Money’ and ‘Eagle Bucks’. The games were available on BetMGM for the first time online.

BetMGM’s customers also benefit from rich and exclusive content delivered through GVC’s proprietary in-house Games Studio as well as premium MGM-branded slot games and sizeable jackpots. BetMGM operates the largest in-house progressive jackpot network in New Jersey with one very lucky customer winning recently $3.2M.

Colin Cole-Johnson, GVC’s Director of Gaming Product commented:

“These launches are a powerful demonstration of how GVC has helped BetMGM secure a market leading position in the US. Our ability to build partnerships and integrate premium content from providers such as Evolution has enabled us to deliver our customers cutting-edge gaming which is without parallel anywhere in the market. We are incredibly excited by the opportunity ahead of us as we expand our offering with new products and new states.”

Matt Sunderland, BetMGM’s VP of Gaming added:

“The GVC platform with its breadth of new and exclusive content, supported by sophisticated marketing and customer engagement tools, has established BetMGM as the clear market leader in iGaming in New Jersey. These same attributes put us in pole position to deliver a compelling customer offer which will establish us as a leader as new markets open up on a state by state basis.”

ENDS
Posted at 23/10/2020 07:48 by garycook
If I were to list my top FTSE 100 stocks right now GVC Holdings (LSE:GVC) would definitely make the cut. GVC has seen its sales increase during the economic downturn caused by the Covid-19 pandemic.

GVC is one of the world’s largest sports-betting and gaming groups, with operations online and in the retail sector. It operates in more than 20 countries with approximately 24,000 employees. GVC’s brands include bwin, Coral, Ladbrokes, Gala, and Foxy Bingo to name a few. It also provides third-party services to customers on a B2B basis.FTSE 100 champion

GVC has grown tremendously over the past decade or so. It has strategically acquired many smaller contemporaries across Europe and beyond. Acquisitions show me a business is thriving, progressing, and ultimately has the ambition to grow.

When the market crash occurred, GVC lost approximately 65% of its share price value. In mid-February, shares were trading for 930p per share. Fast-forward a month and GVC was a FTSE 100 bargain with shares trading at 325p per share.

At the time of writing, GVC’s share price has made an excellent recovery and shares are trading for over 1,000p per share. This has surpassed pre-crash levels. Based on its current price, shares are trading at a PEG ratio of just 0.5. In my opinion this means the stock offers a healthy margin of safety.
Recent performance.GVC released a Q3 trading update earlier in October that showed positive results despite the economic downturn. Group gaming revenue rose by 12%. Online activity rose by 26%, which would have offset the slight decline in the UK retail market which fell by 5%. EU retail actually rose but by a marginal 2%. This was the 19th consecutive quarter of double-digit growth for GVC. Not many FTSE 100 firms can claim they have achieved such a feat. In addition to this, it reported market share gains in all major territories too.

GVC has recently entered the US market with a new venture and I believe this could be key to further growth. In the update, GVC confirmed that it had now gone live in eight states and US revenue is expected to surpass initial expectations. It also announced another acquisition in the form of a major online gambling operator in Portugal that will further enhance its market share. Despite the pandemic affecting its retail business, GVC confirmed that all of its retail outlets were now open and volumes were within 10% of pre-Covid-19 levels.Growth to continue?

One of the key questions that GVC may face is whether it can keep up its rapid growth. I honestly believe it can. Some may consider its current price slightly expensive, however, I believe GVC is a still great opportunity right now at its current price.

One of my Foolish colleagues wrote about GVC a few months ago. He noted how GVC’s stock has produced an average annual return of 27.2% for investors over the past decade, which is seriously impressive. If you compare this to the FTSE 100 as a whole, the average total return is 5.8% across the same period. This provides some perspective as to how well this once small start up has done and how it has grown into one of the largest gaming brands across the world.
Posted at 06/10/2020 10:51 by maddox
itaianofacileJan,

I cannot see any need to raise funds at this stage - they are clearly performing well despite the challenges from Covid. The share price has only just recovered and that in response to WMH so a somewhat fragile basis for a fund raising. Also, I wouldn't foresee a good outcome for personal investors. FIs would sell down their current holdings in advance, trash the share price, and then buy new shares at a further discount. Personal Investors wouldn't participate in the new equity, get diluted and we'll be left with a sub-800p share price.
Gvc share price data is direct from the London Stock Exchange

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