Gvc Share Discussion Threads

[frankiethecabbie] 16/5/2018 21:26

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [e-mail] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/29a79fce-592d-11e8-bdb7-f6677d2e1ce8#myft:my-news:grid UK bookmakers will finally learn the fate of the £1.8bn market in fixed-odds betting terminals on Thursday after months of back-and-forth between the Treasury and the culture department.The UK government will announce its gambling review at 7am, with overwhelming expectation that the maximum stake will be reduced from £100 to £2, fulfilling the demands of anti-gambling campaigners.From the FT

[noujay] 16/5/2018 20:56

The guardian wood.Assuming this is going to be £2 tomorrow at 7am, any thoughts on the extent of the reaction. For me the market has priced this in but inevitably there will be a fall on the announcement.

[woodhawk] 16/5/2018 20:43

Is it too much to ask for you to GIVE A SOURCE for these quotes, loganair?!!!!

[loganair] 16/5/2018 16:50

Paddy Power leads FTSE higher on US swoop:

Bookmaker's shares rally on takeover talks with US fantasy sports website Fan Duel just days after court ruling potentially unlocking US gambling market.

Paddy Power said it was in talks over a potential merger of its US business with Fan Duel, which operates paid-for fantasy sports competitions.

[loganair] 16/5/2018 09:11

No doubt GVC are hoping England will have a good run, say to the semi-finals then lose to Germany I would say will be the most profitable for GVC.

[srpactive] 16/5/2018 08:54

N

25 May 2017 we had one, dyor

[mylands] 16/5/2018 08:53

Still shown on the website as May (date tbc).

[noujay] 16/5/2018 07:25

See gvc just starting their World Cup campaign with a bwin ad with Maradona et al. Amidst all the fobt and US related stuff easy to forget that this year alone should be an absolute bumper regardless. Will be interesting to get the first group trading update shortly although not exactly sure when.

[nod] 16/5/2018 04:44

W1, yes the US is very protectionist and has become much more so under Trump. States do this by giving exclusive licences for specific types of gambling e.g. casinos, horse racing, ... I don't think they will just open the doors wide on sports betting.

[nod] 16/5/2018 04:37

I see bookmakers offering in-games bets such as next player to score. I think it has been available for many years in some countries. I don't live in the UK but believe it is widely available.

[joan of arc] 15/5/2018 14:52

So if GVC already had licences in New Jersey, Nevada and Delaware why was it not doing anything with them already?

[loganair] 15/5/2018 13:58

It is expected that Delaware, Mississippi, New York, New Jersey, Pennsylvania and West Virginia will all quickly start offering sports betting options with Colorado, Connecticut, Indiana, Massachusetts, Michigan, Mississippi, Ohio, Pennsylvania, and Virginia likely to follow suit at some point.

[loganair] 15/5/2018 13:54

GVC Holdings, Britain’s largest gambling firm, expects to grow significantly in the United States after the Supreme Court paved the way to legalize sports betting.

“We continue to work with a number of leading U.S. partners ... to develop mutual opportunities and view the U.S. as a significant opportunity for growth in a newly regulating market,” a GVC spokesman said in an email on Tuesday.

GVC, which already has state licenses in New Jersey, Nevada and Delaware and is working with U.S.-listed casino and resorts operator MGM (MGM.N), said it was “very well-placed” to benefit from the U.S. ruling.

[commiesy] 15/5/2018 11:14

Who operates in that space, apart form sports tech and GVC ?

[noujay] 15/5/2018 10:32

When's the trading update coming I wonder, ought to be fairly soon now.

[woozle1] 15/5/2018 10:03

The most likely outcome is more consolidation with GVC being bought. The US will look after their own and UK operators will be at the back of the queue for licenses. I've worked with US firms and they have a US centric view of the world. The better play is companies providing back end services like payments.
w1

[shayadfn] 15/5/2018 08:59

Ahh the smell of burning shorts, I added some last week, the shorts may try and bring it down, before the first qtr trading announcement, I have more fire power as I have just taken profits from cey and hgm.

[mylands] 15/5/2018 08:44

Having seen posters mentioning WEB, they are making a packet today with the share price virtually doubling!

Only 45 minutes of trading and over 2.2 million GVC shares traded already.

[srpactive] 15/5/2018 08:40

W

Ever heard of hedge funds?