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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 |
---|---|---|---|
09/8/2020 21:17 | J As with C thank you, excellent information, sounds like we are getting our footing. | srpactive | |
09/8/2020 09:21 | Also,from the Q&A section of the MGM transcript that Coxsmn posted above. It sounds like the vagaries of the US market were a bit of a surprise to GVC and consequently BetMGM got left behind at the start, but is now making up ground: Thomas Glassbrooke Allen, Morgan Stanley, Research Division - Senior Analyst [9] -------------------- Just focusing on sports betting and iGaming and Bet, you highlighted your impressive share in iGaming, and our numbers suggest you've been taking share in sports betting, too. Can you just talk about some of the initiatives that drove the higher share? I mean you mentioned you launched M life, but that was relatively recent. So can you just talk about some more of the things you've been doing? -------------------- William Joseph Hornbuckle, MGM Resorts International - President, CEO & Director [10] -------------------- Look, like any large-scale organizations, we were large-scale -- GVC, just getting the business up and operating with its first hurdle. Then getting it orientated, particularly on the sports side, to U.S. customers. U.S. betting behaviors was an education. And then, candidly, understanding what it was going to take to win the market and win the day was just that more marketing, more dollars, more commitment to it, and so we got aggressive. And frankly, we're going to continue to be aggressive. We think there's 3 or 4 key winners in this space, and we intend to be one of them. Hence, the reason for the doubling down, if you will, with the additional investment, both from GVC and ourselves. And it's hard to catch up when you're behind in a market like New Jersey, we have viable and significant competitors. But our brands do stand for something. The fact that people can come on, do a loyalty experience and ultimately translate into brick-and-mortar real experience is a key differentiator that I think long-term is going to pay dividends. And so we've simply turned it up and gotten aggressive. And particularly because of COVID, iGaming, has paid off. We're gaining share in sports. I think we're -- I mean, if you count ping pong as sports, we're up to 7%. And we have high hopes for Michigan and some of the other states where we've just launched in. | popper joe | |
08/8/2020 21:01 | C Excellent article, thank you. | srpactive | |
08/8/2020 18:29 | Edited Transcript of MGM.N earnings conference call or presentation 30-Jul-20 9:00pm GMT "Moving on to BetMGM. We are focused on targeting growth opportunities. We're excited to announce that just a few weeks ago that MGM and GVC have committed to an additional $250 million of capital in support of our sports betting vertical, BetMGM. This brings our total commitment of capital to $450 million, and demonstrates our continued commitment to positioning BetMGM as a leader in sports betting and iGaming. BetMGM is a business that was created from scratch and is now showing strong momentum. Evidence of this can be seen in what we've been able to achieve in New Jersey, where BetMGM has gained market share and significant growth in the iGaming revenues. Driven by this success, BetMGM is now on track to generate over $130 million of net revenues this year. We have secured access in 19 states, are live in 7 states and expected to be live in 11 by year-end. We also feel that our omnichannel experience is unmatched and a significant competitive advantage in this space, but BetMGM offers a consistent experience through its web, mobile and desktop platforms as well -- at all of our U.S. land-based resorts, a clear differentiating factor that nobody else can claim. The new BetMGM app officially started to roll out last fall in New Jersey and launched in Las Vegas and Michigan right before the shutdown in March. Equally as important is that we believe BetMGM will allow us to more frequently engage with our guests and drive deeper loyalty to the MGM brand. And to that end, BetMGM achieved a major milestone last week when, we integrated our M life customer loyalty program with the BetMGM platform. Players will now be able to view their M life tier status, earn tier credits over time and, ultimately, redeem credits for MGM experience beyond sports betting and iGaming. In addition to our 34 million M life database, we also believe we have the right partners to drive efficient customer acquisition. Various professional sports leagues and key partnerships as well as exclusive deals with Buffalo Wild Wings and Yahoo! Sports. In fact, we just launched to Yahoo!'s 64 million monthly active users last week. We made a lot of progress, but there's a lot more to be done, and since launching, we began -- we have become convinced that the market opportunity is larger and will develop more rapidly in the U.S. We believe that we have the assets to be a long-term winner in this space, and we are focused on execution to unlock true value. We continue to believe strongly that this is the largest growth opportunity in U.S. gaming." | coxsmn | |
07/8/2020 17:53 | Steady as she goesExpecting strong results bounce PE low compared to peers | trentendboy | |
07/8/2020 14:07 | Only 3 sessions left until results! i can't wait. | coxsmn | |
07/8/2020 00:32 | Section 7 of the bribery act is about having procedures in place to prevent bribery, it doesn’t matter if the person still works there or not, it covers suppliers too and considering that HMRC’s investigation was initially focussed on a payment processor for the Turkish business before being widen to include GVC, it may not even be an employee. Rolls Royce were fined £650m for a section 7 violation You have to disgorge profits from the business too. | wilco69 | |
07/8/2020 00:11 | Bribery by one individual...as yet unprovenwho no longer works for GVCWhats the worst that can happen? | kop202 | |
06/8/2020 22:45 | Shops have all reopened already and far too soon to get any news on the court case. Section 7 of the Bribery Act investigations typically run for 24-36 months, not 3 weeks. | wilco69 | |
06/8/2020 21:12 | Yep - people buying ahead of results US news is the big oneI suspect some more shop closures in UK or not reopening - ironically good for spThey may also comment on court case - might be some good information | trentendboy | |
06/8/2020 19:15 | Only 4 trading days left until results. Will be very interesting no doubt. | coxsmn | |
06/8/2020 18:50 | Flying - was always over sold Some strong results from PENN so gaming sector back in fashion GAN should recover | trentendboy | |
06/8/2020 16:27 | Yes it would appear the build up has started, nintendo stating they have made a fortune due to lockdown activity. | srpactive | |
06/8/2020 16:11 | 1st half results lucky 13th | the white house | |
06/8/2020 10:37 | 'Suet' you say .. | on business | |
06/8/2020 10:31 | Fest pictured on one his ... 'long walks' round the Orme | on business | |
05/8/2020 16:12 | I reckon they will have enough visibility to reinstate the dividend. Suet | suetballs | |
05/8/2020 15:48 | Rob Wood, Chief Financial Officer Yes, dividends. So, it's too early to have a firm view on the second half of the year. We'll revisit this topic at our interims. I think you'd have to say given we still have uncertain times in front of us, it's more likely that dividends would resume in the first part of 2021 rather than second half of this year and that we will come back to that point at the interims. | wilco69 | |
05/8/2020 15:42 | Rent agreements will be lower, Online gambling higher, People saving up more and spending it unwisely on gambling is all good news for GVC. I'm in. | sandeep67 | |
05/8/2020 11:06 | Dividends have always been good here - they will reinstate quickly imoYield has historically been strong | trentendboy | |
05/8/2020 09:55 | They said they are more likely to wait until next year, more prudent approach as uncertainty still remains over covid-19 | coxsmn | |
05/8/2020 09:25 | If GVC are making good profit,s then the dividend should be reinstated ! | garycook | |
05/8/2020 09:20 | In the trading statement last month they said the dividend is more likely to be reinstated next year. | coxsmn | |
05/8/2020 09:14 | Should be good for GVC,and a dividend reinstatement next Thursday ! | garycook |
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