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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,039.50 | 1,038.50 | 1,039.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
13/6/2018 08:09 | Never cease to be impressed how GVC are able to get the deals doneThey have the weight of size behind them now also | trentendboy | |
12/6/2018 21:27 | ORP Take a look at ocdo, to see what happens when you link with US companies and markets, dyor. | srpactive | |
12/6/2018 19:50 | One thing i would say is the management and team of GVC are working Very hard. | coxsmn | |
12/6/2018 19:11 | Think with all these online bookies with fingers in the states pie we will have to start seeing some big bucks on the bottom line before the share price starts to climb higher. GVC has seen some potential translate to the share price but still miles to go yet and a few others haven't even moved . When you consider what the states is worth then there is a huge gap to fill share price wise. | oohrogerpalmer | |
12/6/2018 14:55 | As per loganair's post 30104... GVC signs landmark deal with Ainsworth to shake up New Jersey casino offer - | speedsgh | |
12/6/2018 09:12 | 4 Jan 2017 Borgata/GVC to ride it out The decision to remain with GVC follows a year of industry speculation that Borgata was actively exploring partnerships with other online gambling platform providers. | srpactive | |
12/6/2018 09:01 | This is moving faster than I thought. I think GVC have a deal with Borgata thus an announcement that we are live in the US for sports betting might not be far away! | brownie69 | |
11/6/2018 14:14 | b69 - The average Lads/Corals lease in only around 3 years so it seems to me that the leases are not too big an issue. | loganair | |
11/6/2018 14:08 | There is no doubt that the shops are a high staff churn business. Having said that there are bound to be a few long serving employees who would cost a lot in redundancy to get rid of. The majority will not cost much, the leaes could be a bigger issue. | brownie69 | |
10/6/2018 13:26 | Fest - I disagree. In my local town their are 3 Corals and 1 Lads. From what I see of the staff they look pretty young and often do not look like the same staff I saw a couple of years ago, therefore it seems reasonable to me there is quite a high churn rate in the staff. If one of the Corals closes and another of the Corals the staff leave then it seems to me that GVC can easily move the staff from the shop that has closed to the shop where the staff have left. | loganair | |
09/6/2018 23:57 | Loganair, life isn't like that. What natural churn? What does that even mean?You will have many long term employees, who won't just leave, they have too much time invested and know no other job. They will just turn up for work as long as a job exists.Nor will GVC have individuals in mind when they decide to restructure and close branches.Costs like redundancy are all factored in, and large businesses are not afraid of them.Not only that, but potential redundancy payouts are all part of the liabilities on the balance sheet which GVC knew full well when they looked to acquire LADS | festario | |
09/6/2018 08:52 | ooh - If I was GVC I would just let the natural churn reduce their betting shop employees and therefore no need to pay for any redundancies. | loganair | |
09/6/2018 08:31 | I know a couple of Lads employees that want redundancy and it appears they are not alone. Long hours often with very few customers at night and very often alone in the shop. I would think they could close a lot of shops with voluntary redundancies. | oohrogerpalmer | |
08/6/2018 22:35 | loganair - the proximity of betting shops rather than the imposed sell off is what I meant LADS may not have had the guts to execute , or perhaps they were waiting for lease expiry - but now they have a get out of jail free card from the Govt. | fenners66 | |
08/6/2018 22:16 | f66 - I understand all of the 359 betting shops that were due to be sold off have already been done so. 322 to Betfred and 37 to Stan James. Nod - 19% of Ladbrokes shops have at least one Coral betting shop within 200m of it. Of these 2%, like my town centre, have two Coral shops within 200m. Compared to on-line betting, betting shop punters tend to be older and often poorer. It seems to me that substantial amount of savings that GVC are going to make with the take over of Lads/Coral are the loss of 1,600 employees from customer services, marketing, and administrative functions and the closures of Lads London head office. | loganair | |
08/6/2018 22:05 | fenners, good point and probably likely. Blame the government not us. | nod | |
08/6/2018 21:41 | How long is it since LADS and CORAL merged ? Surely there is still ongoing rationalisation to complete from that merger before the impact of FOBT ? Perhaps they have diverted into the worst case FOBT closures , shops that were already planned to close. After all the workforce are more likely to accept job losses if the reason given is due to outside influences. | fenners66 | |
08/6/2018 21:14 | Logan, if your town reflects the average town then a 75% reduction in shops would not hurt. | nod | |
08/6/2018 19:19 | Agreed Logan, i doubt this will turn out to be correct. | coxsmn | |
08/6/2018 18:47 | I disagree with Edison who say by 2020 GVC will have closed 1,000 Lads/Coral betting shops, I would say it will be 500 at most. | loganair | |
08/6/2018 18:40 | Good reading and upside from US not in figures. | coxsmn | |
08/6/2018 16:26 | Edison latest:- | jeff h | |
08/6/2018 12:52 | According to a research report released by Transparency Market Research, the overall competitive landscape in the global online gambling and betting market is expected to become consolidated after experiencing a growth in the number of mergers and acquisitions. The nature of the market leaves very little scope for service differentiation which is currently restricting the entry for new players. Furthermore, the policies and regulations surrounding online gambling and betting are also highly stringent in several regions, leaving little scope of growth for new entrants. The global online gambling and betting market is projected to expand at a CAGR of 10.8% per year and is expected to reach US$96.89 bn by 2024. | loganair | |
08/6/2018 12:35 | In an interview with Totally Gaming, gaming specialist Ben Robinson said sports betting could boost the market: Late in May the US Supreme Court finally ruled that states are free to legalise sports betting, as it said that the federal law that was in place was unconstitutionally forcing states to maintain their prohibitions. The new market could boost the local economy, according to Ben Robinson, Co-Founder of M&A specialist RB Capital responding an interview by Totally Gaming newspaper. The sports betting market in the US presents big opportunities for operators at a federal level. However, Robinson recommended companies “balance opportunity with value at risk” in regards to investing in all states. “There will continue to be ongoing pressure to consolidate at the top, particularly with the small to medium tier operators, especially in the UK given the impending changes to gaming duty. “Companies in this category that fail to acquire and/or find a suitable partner to merge or be bought in turn, are likely to face difficult conditions once the full impact of the government taxes takes effect, not to mention the upcoming UKGC and Advertising Standards measures on bonuses. Robinson concluded: “Other forces at play such the US regulation will create a significant opportunity for growth, but the lack of state-based momentum in the short-term coupled with fierce competition to acquire assets of interest in these markets will pose significant volatility, and interested parties will need to balance opportunity with VaR (value at risk), or else expect to overpay for assets in the inevitable land-grab.” | loganair |
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