Liberum starts GVC Holdings at 'buy'
3rd Aug 2016 09:54
(ShareCast News) - Liberum initiated coverage of GVC Holdings at 'buy' with a 738p price target, highlighting the company's "winning formula". The brokerage said GVC is a unique quoted gaming operator in terms of geographic diversity and exposure to growth markets. With only around 10% of its custom
Read moreCanaccord leaves GVC Holdings at 'buy', raises target price
13th Jul 2016 10:33
(ShareCast News) - GVC Holdings shares gained on Wednesday as Canaccord Genuity reiterated a 'buy' rating on the stock and lifted its target price to 680p from 615p. In a trading update, the online gambling company reported 11% increase in like-for-like revenue in the six months to 30 June, supporte
Read moreGVC gains 11-year high on 'remarkable' Bwin turnaround
13th Jul 2016 07:50
(ShareCast News) - Helped by favourable results in the Euro 2016 football tournament and particularly strong growth in both wagering and gaming in the second quarter, GVC Holdings generated an 11% increase in like-for-like revenue in the six months to 30 June. With the acquisition of Bwin.party comp
Read moreGVC Holdings signs 10-year deal with Betfred
23rd May 2016 08:35
(ShareCast News) - Gaming services provider GVC Holdings has signed terms to licence its online sportsbook and gaming platform to sportsbook operator Betfred. The 10-year B2B agreement involves the full migration of Betfred's online business, including all its sportsbook and gaming offering, to the
Read moreGVC delivers winning result and starts 2016 in Party mood
25th Apr 2016 09:45
(ShareCast News) - GVC Holdings delivered impressive earnings figures for 2015 and has shot off to a strong start for 2016 since completing the acquisition of Bwin.party at the start of February. For 2015, fully listed GVC, which moved up from AIM and expanded its board on completion of the deal, ge
Read moreGVC appoints Peel Hunt's Batram as head of investor relations
18th Jan 2016 09:31
(ShareCast News) - Online gaming operator GVC Holdings has appointed former Peel Hunt analyst Nick Batram to the newly-created role of head of investor relations and corporate strategy. The appointment is the latest high profile recruitment to be announced ahead of the completion of the proposed acq
Read moreGVC Holdings reports jump in annual revenue ahead of Bwin.party merger
11th Jan 2016 15:42
(ShareCast News) - Gaming company GVC Holdings on Monday reported a 10.2% increase in 2015 net gaming revenue to €247.7m (£180.03m) ahead of its merger with Bwin.party. In a trading update for the year to 31 December, the group revealed annual results would be supported by a strong last quarter. Net
Read moreGVC/bwin.party shareholders approve takeover deal
15th Dec 2015 11:04
(ShareCast News) - Online gaming outfit GVC Holdings' takeover of bwin.party digital entertainment moved a step closer on Tuesday as shareholders of both companies approved the deal. bwin.party said 99.99 per cent of shareholders voted in favour of the deal, while 99.91 of GVC's did the same. Both
Read moreDirector Deals: Computacentre chairman Lock builds stake
28th Oct 2015 10:01
(ShareCast News) - Greg Lock, chairman of Computacentre, has been building up a small stake in the company over the days since the company's unspectacular results. Lock purchased 17,200 shares at an average price of 752.5p and his wife, Rosemary, a further 30,800 at the same price. This followed pur
Read moreSarossa to subscribe to £2m worth of GVC shares
22nd Sep 2015 15:00
(ShareCast News) - Investing company Sarossa has agreed to subscribe to £2m of new shares being issued by GVC Holdings to back its acquisition of online gaming group Bwin.Party Digital Entertainment, announced on 4 September. Sarossa said on Tuesday that it has entered into an agreement with GVC to
Read moreLondon close: Equities drop after worse-than-forecast non-farms
4th Sep 2015 16:11
(ShareCast News) - Equities in the UK market ended lower on Friday after the US non-farm payrolls report missed forecasts. American employers added 173,000 jobs in August following an upwardly revised 245,000 in July, data released on Friday by the Labor Department showed. The figure was the smalle
Read moreGVC trumps 888 Holdings in battle for Bwin
4th Sep 2015 07:13
(ShareCast News) - GVC Holdings has trumped rival 888 Holdings in the battle for online gambling group Bwin.Party Digital Entertainment. The Sportingbet owner said Bwin has agreed to its offer of 25p in cash and 0.231 new GVC shares, which values the company at around 129.64p per share or £1.12bn
Read moreGVC would reportedly consider going hostile for Bwin
2nd Sep 2015 09:55
(ShareCast News) - GVC Holdings is reportedly considering going hostile in the £1bn battle for Bwin.Party Digital Entertainment if the company's board recommends a lower offer from 888 Holdings. The Times quoted GVC chairman Lee Feldman as saying that the board is "not prepared to walk away" from Bw
Read moreGVC Holdings interim profit slips on Bwin-related costs
28th Aug 2015 11:00
(ShareCast News) - Online gambling operator GVC Holdings posted a small drop in interim pre-tax profit as the company said it was hit by costs related to its pursuit of Bwin.Party Digital Entertainment. For the six months ended 30 June, pre-tax profit came in at €17.07m versus €18.02m in the first h
Read moreBwin swings to profit; no change to recommendation of 888 offer
28th Aug 2015 07:22
(ShareCast News) - Onling gambling group Bwin.Party Digital Entertainment posted a small rise in core first-half earnings and said it swung to a profit despite being impacted by lower revenue and higher taxes.. The company, which is currently in the middle of a bidding war between GVC Holdings and 8
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