GVC

  • Final Hurdle Cleared For Ladbrokes Coral GVC Deal

    The Competition and Markets Authority (CMA) has given the green light to the Ladbrokes Coral GVC deal after the competitions watchdog said “the deal does not give rise to competition concerns”. It added that they are not close rivals and there are many other providers of betting and gaming...
  • Foxy Bingo owner fined £350,000 for misleading ads

    GVC, the online gambling firm behind Foxy Bingo, has been fined £350,000 for “repeatedly misleading consumers” with offers of free bonuses, on the same day that regulators announced a crackdown on gambling adverts. The fine comes as GVC is in the process of taking over Ladbrokes in a deal worth...
  • Ladbrokes Coral could lose 1,600 jobs after Foxy Bingo takeover

    The takeover of Ladbrokes Coral by GVC, the Isle of Man-based firm behind Foxy Bingo, could trigger up to 1,600 job losses, the companies said, as they published fresh details of a deal worth up to £3.9bn. Online casino company GVC and bookmaker Ladbrokes said up to 6% of their combined 26,800 workforce...
  • Ladbrokes Coral could lose 1,600 jobs after Foxy Bingo takeover

    The takeover of Ladbrokes Coral by GVC, the Isle of Man-based firm behind Foxy Bingo, could trigger up to 1,600 job losses, the companies said, as they published fresh details of a deal worth up to £3.9bn. Online casino company GVC and bookmaker Ladbrokes said up to 6% of their combined 26,800 workforce...
  • GVC and Ladbrokes Coral: David gambles on Goliath

      Nils Pratley on finance | Business Ladbrokes Coral’s bosses will try to sound cheerful about the prospect of being taken over by GVC Holdings, the company behind Sportingbet and Foxy Bingo. But, on the long view, this deal would be a corporate humiliation. Ladbrokes is one of the oldest names in...
  • GVC now more transparent, but still risky

    There is more than one way to understand the term defensive investing. Typically it means buying stable companies with low growth, in other words seeing it from the growth side of the equation. But defense can also be seen in terms of the loss side. Defense, other than focusing...
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