Gvc Share Discussion Threads

[coxsmn] 12/11/2020 09:46

Current tradingOn 8 October we reported our 19(th) consecutive quarter of double digit online NGR growth. We have continued to see strong trading since then as a result of the continuation of an active sporting calendar and strong gaming performances in all our major territories as well as favourable sporting results benefitting margins.This will result in an overall benefit to EBITDA this year of approximately GBP30 to GBP40 million, which largely offsets the GBP37 million impact from the current enforced store closures, as announced on 2 November. Our guidance for EBITDA for FY2020 therefore remains in the range of GBP770 million to GBP790 million.This strong performance will add approximately GBP50 million to the Board's expectations for Online EBITDA for 2021.

[coxsmn] 12/11/2020 09:41

Not a problem, they are leading the way in responsible gambling.

[wilco69] 12/11/2020 09:17

Let’s also not forget that their Nevada license expires in May, they need to be whiter than white for that and to show that they’ve changed from 2 years ago when Kenny got an absolute grilling over Turkey.

[srpactive] 12/11/2020 09:08

w69

Agree, out manoeuvre instead of conflict, then use the
management time more effectively.

[wilco69] 12/11/2020 09:02

Absolute drivel fenders66. Anyone who has followed the gaming space for a while knows Shay very well from his time at Playtech as well as his stint as COO here. There is nothing at all in the release to suggest that he thinks that the business can run itself, the move to 100% regulated and greater play protection shows that the business it doing the right thing, if the industry can show that it is cleaning itself and improving self regulation that lessens the chance of draconian government regulation.

[srpactive] 12/11/2020 08:51

Very interesting name change, to entain. This would fit nicely
into Flutter Entertainment wouldn't it.
Then all systems go in the US, with a US listing or with mgm.

There is more to this than you think, especially with the new 1600p
price target, very happy myself.

dyor

active

[fenners66] 12/11/2020 08:50

Can anyone think of a name change for a major company that achieved anything?

Its as if he now thinks that the business can look after itself and his strategic role is to think of creative names....


We know very little about him but this does not bode well to me.

[merism] 12/11/2020 08:46

When did they ditch the Roar Digital name? Looks like the US corporate site is now BetMGMInc.com.

[popper joe] 12/11/2020 08:39

Sounds like they have just given away next year's growth to the poor and needy! There is also more than a little implied criticism of the previous regime. All a bit too touchy feely for me!

[merism] 12/11/2020 08:13

The 100% owned technology is a dubious claim - they use some third parties for their product. For example, they use BetGenius in the US for 'parlay builder'.

[srpactive] 12/11/2020 08:08

Thank you GC.

[coxsmn] 11/11/2020 14:22

Yet to breach the high of over 2 years ago and we have made a lot of progress since.

[luderitz] 11/11/2020 14:17

Thanks both I expect your right.

[srpactive] 11/11/2020 14:15

twh

That is some percentage increase in Indiana, no wonder
we are surging.

Good post, keep contributing please, tia.

active

[the white house] 11/11/2020 13:52

BetMGM posted over 20m bucks in Indiana on Oct for the 1st time strengthening its 3rd placed position, overall volume up from 207 to 230mSome US twitterers are calling a flat month for NJ but going by these numbers and events held I think 800m will easily be broken on Friday, a nice new record for the headlines nb 450k new accounts for Flutter in Q, higher than previous half, shows momentum growing for all players Added a

[srpactive] 11/11/2020 11:39

Lud

The press continue to try to upset the gvc juggernaut, with
articles like you mention, the same could be said for many
companies over the world enrolling influential people to assist.

The US move is enormous and nevermind what happens in the UK
and Europe the US will end all their pathetic attempts.

Shorters just close and move on.

-------------------

s

Yes the target of 1080p is in our sights, then the past all time high.

Looking good, even more so with a US listing or spin off.

dyor

active

[suetballs] 11/11/2020 11:25

Had a small top up first thing this am.
I'm very positive here.
Suet

[coxsmn] 11/11/2020 11:09

Lud,The second paragraph of your post is very good news. About time too, should have been done long ago.

[wilco69] 11/11/2020 10:16

A spokesperson for GVC said Davies was no longer working for the company. They said he had advised “on a range of safer gambling and customer protection initiatives”, pointing to his background as a bookmaker and former chairman of a cross-party group on betting and gaming.
“As such, he has useful insight and perspective to offer on a range of industry issues including those that relate to safer gambling,” the company said. “However, following the recent management change at GVC, we decided it was a natural time to bring this arrangement to an end.”

[luderitz] 11/11/2020 09:58

Two Conservative MPs have accepted jobs with the gambling industry worth tens of thousands of pounds before a government review of betting laws, the Guardian can reveal. The Ladbrokes owner, GVC, paid Philip Davies £33,320, or £396 an hour, for "providing advice on responsible gambling and customer service", according to parliamentary disclosures. - Guardian.

Ministers are seeking sweeping powers to block takeovers by Chinese and other foreign companies on national security grounds as part of the biggest shake-up in the UK's industrial intervention policy for nearly two decades. A national security and investment bill is due to be published on Wednesday, which would also allow ministers to retrospectively halt acquisitions any time in the five years after the deal was concluded. - Guardian.

... Certainly no corrupt practises here then.

[srpactive] 11/11/2020 08:54

Yes agree with you both, I would really like a listing
on the nasdaq though, super enormous valuations.

======

Edit

If we can close above 1011p we will be on to something, fingers crossed.

dyor

[coxsmn] 11/11/2020 08:51

Peels £16 target is below Kenny's target of £20. I expect Peel will ultimately upgrade to £20.