Gvc Share Discussion Threads

[srpactive] 11/8/2020 21:21

Rns was after our close wasn't it? If so boom again
in the morning.

dyor

active

[the white house] 11/8/2020 20:35

RNS says that and more...

[trentendboy] 11/8/2020 20:34

Now that is a good gig to get.

MGM playing hardball now.

GVC will be double the current price in a year or two IMO

[coxsmn] 11/8/2020 20:21

NASCAR and BetMGM Announce Betting PartnershipHTTPS://www.gamingtoday.com/race_sports/NASCAR/article/92152-NASCAR_and_BetMGM_Announce_Betting_Partnership"NASCAR and BetMGM, a market-leading sports betting and iGaming platform, today announced a multi-year sports betting partnership. As an Authorized Gaming Operator of NASCAR, BetMGM will collaborate with NASCAR to create and promote engaging sports betting experiences, including introducing in-race betting options, for racing fans across the United States."

[trentendboy] 11/8/2020 17:00

Strong day - only catching up to where we should have been for a long time Another 20 percent coming imo

[trentendboy] 11/8/2020 13:31

On US open might seem some real action US institutions might also want a piece May well be more to come

[coxsmn] 11/8/2020 13:00

the next boom is gambling stocks

[merism] 11/8/2020 12:35

Hehe. IAC own Ask Jeeves. I didn't think that still existed.

[natty27] 11/8/2020 11:14

#CSP Countryside properties plc worth a look, chart is ready to pop. Construction in the country set to take off.

[trentendboy] 11/8/2020 10:31

Basically GVC provide all the backend and the odds and everything underpinning the oline gambling and MGM do the rest.

They have bought is a real expert in this area - no wonder GVS up so much today.

This is a game changer IMO

US suddenly looks like GVC/MGM really will take a large share

These guys do not mess around

[trentendboy] 11/8/2020 10:28

Talking of esports - BLU is my really out there multi-bagger attempt. Undervalued (crypto part of the company still a little tricky)

[trentendboy] 11/8/2020 10:27

Shares in New York-listed MGM Resorts International gained over 13 per cent Monday following a “significant investment” by media and entertainment company InterActive Corp. (IAC).

IAC has acquired a 12 per cent stake in MGM Resorts for approximately $1 billion, citing the potential of its online gaming business.

“With the separation of Match Group from IAC, and 'new' IAC emerging with $3.9 billion of cash, no debt, and its opportunistic zeal intact, we are energized and excited to make this investment in MGM,” said IAC chairman and senior executive Barry Diller.

“What initially attracted us to MGM, besides its leadership in leisure, hospitality and gaming, was an area that currently comprises a tiny portion of its revenue – online gaming.

“IAC's foundational concept of seeking opportunities to build interactive businesses is our base rationale – there is a digital first opportunity within MGM Resorts' already impressive offline businesses, and with our experience we hope we can strongly contribute to the growth of online gaming.”

MGM Resorts chairman Paul Salem commented: “We could not be more excited to welcome IAC and Mr. Diller as an investor in MGM Resorts. Mr. Diller and Joey Levin, CEO of IAC, bring vast experience in both entertainment and online commerce and we will take full advantage of their experience.
Playtech

“IAC's family of brands and digital expertise are a great complement to the direction MGM Resorts has been taking both in leveraging our digital assets to enhance our guests' experience and building a leading iGaming and sports betting business in BetMGM,” Salem added. “We welcome IAC as a long-term strategic partner and intend to invite them to join our Board of Directors.”

MGM Resorts chief executive Bill Hornbuckle added that IAC’s expertise in growing online brands is a natural fit with the company’s focus on enhancing the digital sports betting and gaming experience.

“We appreciate that they share our long-term strategic vision for growth and maximizing value for our shareholders. We welcome their collaboration and are excited at the possibilities it will bring,” said Hornbuckle.

Shares in MGM Resorts International (NYS:MGM) closed up 13.77 per cent at $21.65 per share in New York Monday, while shares in InterActive Corp. (NSQ:IAC) closed 1.34 per cent lower at $131.27 per share.

[the white house] 11/8/2020 10:12

Indeed. Also gaming co. Activision Blizzard (Mcap 63bn) yesterday appointed a deputy commissioner baseball chap to head up their esports division as, nice title, President of SportsPlenty of attention in sector from various areas, recognising embedded and future value

[trentendboy] 11/8/2020 08:51

This is a delayed reaction to yesterday's US newsShows retailers like us can get a jump on the actionWent long on a SB but closed a smaller one - win some lose some But mgm now have a real online powerhouse backing them and RoarThe reasoning behind the billionaire investment is sound - it is once in a lifetime time to get in early on a massive industry

[srpactive] 11/8/2020 08:32

I mentioned the other month that big US businesses will
want to be part of the online sports gambling movement
in the US, maybe we have seen the start.
I would have thought one of the big US technology companies
would be interested in getting a slice, we shall see.

My gvc target of 900p in sight.

dyor

active

[hatfullofsky] 11/8/2020 08:04

Cracking start up 4%

[trentendboy] 10/8/2020 17:55

Exactly - they should take a large chunk of GVC as well if they really want to hedge They will also be bringing a lot of skills and online knowledgeSurprised not a better price reaction

[srpactive] 10/8/2020 16:15

MGM could be bought out for their Roar digital stake, same
for gvc.

dyor

[coxsmn] 10/8/2020 14:46

"MGM's stock is up 20%. "What initially attracted us to MGM, besides its leadership in leisure, hospitality and gaming, was an area that currently comprises a tiny portion of its revenue - online gaming," IAC Chairman Barry Diller said in a release. In a letter to shareholders, Diller and IAC Chief Executive Joey Levin likened MGM to Walt Disney Co. DIS , writing that "MGM also is an aspirational brand, which could be delivered with daily accessibility and offer gaming consumers (including the 34 million M-life Rewards members) a wider range of services, both physical and digital, than any competitor."

[trentendboy] 10/8/2020 14:46

Massive move actually

This should really help GVC fly also

They may even take a large position in GVC

The gain today is only the start - look at MGM fly

[the white house] 10/8/2020 14:38

MGM up 22pc on the back of a 1bn investment from Dillers IAC

[speedsgh] 10/8/2020 13:11

GVC Holdings warns of ‘misguided and counterproductive’ German proposals -

Further warnings have been issued to Germany regarding restrictions to be imposed as part of new gaming laws, with Martin Lycka, director of regulatory affairs at GVC Holdings, cautioning on a potential black market uptake on Politico.EU.

After the European Gaming and Betting Association called on policymakers in Germany to simplify the country’s complicated framework last month, Lycka warns that in terms of player protection “many of these requirements are neither effective nor necessary”.

Formed as a result of a treaty between Germany’s federal states, from July 2021 regulation will come into force that will allow the registration of an unlimited number of sports betting providers, virtual slot machines and online poker games, as well as permitting a limited number of online casino game providers.

Restrictions pinpointed by Lycka in his Politico column include a ban of live streaming on betting sites and no commercial advertising on radio and internet for virtual slot machines, online poker and casino games between 6am and 9pm.

Furthermore, a one-minute delay for customers when they switch between different games on the same internet domain, such as from sports betting to virtual slot machines, is also stipulated, as well as a five-minute delay when switching between different gambling sites, a €1 stake limit on virtual slot machines and in-play sports betting limited to the final score and associated markets; however, this situation is said to remain unclear.

“Due to the many restrictions surrounding the new rules, licensed products will be much less attractive and less competitive than their unlicensed counterparts. There is, therefore, a huge risk that customers will move to the black market, where there is zero responsibility, zero protection and zero tax being paid,” Lycka writes.

“This risk is compounded by some of the hardliners among the federal states, who have sought to impede legitimate operators and payment service providers. The federal state of Lower Saxony, for example, has asked various payment providers to block customer payments to operators of online services such as poker or casinos.

“Regional inconsistency is inevitable for online casino table games. The 16 German states will be free to prohibit such products entirely or impose limits, either unilaterally or in tandem with other states. Given the limited number of concessions that may be permissible, monopolies or oligopolies will likely form.

“Clearly, this means an unlevel playing field and is, therefore, highly questionable under EU law. This also contrasts with the legislation’s provisions for virtual slot machines, online poker and online sports betting, which can be offered nationwide in an open permit model.

“There is, therefore, a huge risk that customers will move to the black market, where there is zero responsibility, zero protection and zero tax being paid.”