|Bid||884.20 x 0|
|Ask||884.80 x 0|
|Day's Range||879.60 - 901.40|
|52 Week Range||504.00 - 956.80|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
GVC, the owner of Ladbrokes Coral, said it had an “excellent” performance last year despite a hefty regulatory crackdown in the UK. It added that net gaming revenues across its retail estate had fallen less than expected and that revenues from online were up 12 per cent in the year to the end of December. “The group’s operational and financial performance in 2019 has been excellent,” said Kenny Alexander, GVC’s chief executive.
LONDON MARKETS Shares of U.K. gambling companies slumped Tuesday after a ban on credit-card use was announced. The slump, which hit companies including 888 Holdings (UK:888) , GVC Holdings (UK:GVC) , William Hill (UK:WMH) and Flutter Entertainment (UK:FLTR) , came as the U.
The move goes further than expected following a consultation in November when the ban was expected to be limited to online gambling. The Gambling Commission said on Tuesday it would also apply to offline betting with the exception of over-the-counter lottery tickets. “The evidence suggests that the risks to people depositing money using credit cards were significant both in terms of them gambling money that is not theirs to start with and the fact that online it was encouraging riskier behaviour by making players more likely to chase their losses,” said Neil McArthur, chief executive of the Gambling Commission.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of GVC Holdings PLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
* China willing to make partial trade deal with U.S. Oct 9 (Reuters) - German shares logged their best day in six weeks on Wednesday, leading the charge among European shares, as sentiment was lifted by signs of progress in U.S.-China trade relations a day ahead of high-level talks between the two parties. Reports that China was still open to agreeing to a partial trade deal with the United States, and that Beijing was offering to increase its annual purchases of U.S. agricultural products, came as signs of compromise, but analysts remain skeptical.
GVC, owner of British gambling firm Ladbrokes, raised its annual core earnings forecast for the second time in three months as a joint venture cashed in on a booming online sports betting market in the United States. Isle of Man-based GVC, which has a joint-venture with U.S. hotel and casino operator MGM Resorts International, said it had seen a good start to its BetMGM mobile app launched in September in New Jersey.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see GVC Holdings...