Gvc Share Discussion Threads

[wilco69] 03/12/2020 13:33

I guess the implied EV of FanDuel from this deal is $11.2bn, so about a 50% discount to DraftKings so it’s attractive if that’s the comp you use. Still a bit of a muddy ownership structure as Fox have an option to buy 18.5% of FanDuel in July 21.

[merism] 03/12/2020 13:31

They bought 61% of FD for $158m in 2018. Deal of the century.

[italianofacile] 03/12/2020 13:18

Refering to Fanduel..not the Flutter Group

[italianofacile] 03/12/2020 13:16

Mr Market clearly thinks Flutter are getting a good deal ..but cant think its worth more than the entire GVC group..the trade sell Flutter and buy GVC, should catch on shortly..

[mylands] 03/12/2020 12:43

Flutter soaring on the agreement to buy out Fastball's stake in Fanduel.

[wilco69] 03/12/2020 12:40

Flutter placing £1.1bn of shares to buy another 37.2% of FanDuel. They’re paying $4.18bn in total for the 37.2% stake.

[merism] 03/12/2020 12:39

https://www.legalsportsreport.com/45871/us-sports-betting-race-for-third/

[srpactive] 03/12/2020 12:25

Do not forget a dividend again shortly and maybe a
special for the ones missed in time.

dyor

[srpactive] 03/12/2020 12:13

IF

Super contribution again from you, valued member
of the thread like many others ( myself not included ).

[srpactive] 03/12/2020 12:11

Sad but so true.

If we can push through 1090p, we could challenge all time
high of 1145p approx. Then the sky is the limit.

I think they are trying to get the price up before a bid
premium comes in.

dyor

active

[italianofacile] 03/12/2020 12:09

If Penn goes live tomorrow and Michigan comes on stream later this month, performing like Penn (c60m Oct)...NJ(c93m Oct)

Then US I-gaming revenues for Roar Q1(21) based on NJ market share may hit 150m*...

Given YEAR 2020 Sports PLUS igaming is (from memory) for Roar c170m....that would be progress and more...

*(60+93+60)*24%*3months=153m

[mylands] 03/12/2020 11:18

SRP

Of course, but to be so blatant about it, strikes me as clear market manipulation.

[srpactive] 03/12/2020 10:57

M

Didn't you know they have agenda's?

[srpactive] 03/12/2020 09:00

w

Thank you, excellent poster.

[wilco69] 03/12/2020 08:56

It’s just as well that GVC hasn’t been quoting odds on whether there will be a coronavirus vaccine before Christmas. The sports betting and gaming group, which could have done so via its novelty bets, might have been facing big payouts to optimistic punters after a treatment prepared by Pfizer and Biontech was yesterday granted approval for use in Britain as early as next week.

Indeed, the company has not been accepting gambles on anything Covid-related, though that’s not to say that it has ignored the virus, far from it. The pandemic will have come as a shock to a business used to reporting consistently healthy increases in earnings. In fact, the early months looked decidedly dicey, particularly in Britain, after football and horse racing were suspended and it was forced to shut its bricks-and-mortar shops.

Initially, the company warned that it faced a pre-adjusted hit to profits of as much as £100 million a month, but it halved this after cutting costs, including by putting staff on furlough.

GVC was founded as Gaming VC Holdings in Luxembourg in 2004, although, in the tradition that led Paddy Power Betfair to rebadge itself as Flutter Entertainment, it is preparing to change its name to Entain. The group has grown rapidly through acquisitions and operates numerous brands, both digitally and on the high street, including Ladbrokes, Bwin, Coral, Sportingbet, Foxy Bingo and Partypoker.

Its business is spread across 20 countries, employing 24,000 staff, and in its most recent financial year it made an underlying pre-tax profit of £535.8 million on revenues of more than £3.6 billion. It has particularly high hopes for its fast-growing business in the United States, where it has a joint venture with MGM Resorts, the hotels and casinos operator, and a sports tie-up with Yahoo, the search engine.

Its online business has been boosted during the Covid-19 outbreak as customers denied the mainstream sporting calendar turned to more esoteric sporting events, as well as casino games such as roulette and poker. This meant that at the half-year stage GVC was able to report an 11 per cent fall in net gaming revenue and a 5 per cent fall in pre-adjusted profit — less dire than might have been expected— as its digital businesses delivered double-digit growth in their main markets.

GVC is also beginning to move differently under the leadership of Shay Segev, the former chief operating officer of Playtech, the gaming software company. Mr Segev, 44, who became chief executive this year, has a technology background and plans to build on the strengths of GVC’s digital operations. He also plans to withdraw the group from unregulated markets and is going to press further into America, a high-growth sports gaming market that is liberalising its laws state-by-state. His aim is to increase GVC’s presence from nine states to more than twenty by the end of next year. The group has a market share of about 18 per cent in each state it is in. Mr Segev is keen not only to grow in developed markets but also to open in new ones.

GVC is guiding for profit before tax and other items of between £770 million and £790 million, which would be marginally ahead of last year and, in the light of the year it has been through, is highly respectable.

The shares, up 1½p, or 0.1 per cent, at £10.40, were avoided by this column in March and have risen sharply since then. Trading at 16 times Shore Capital’s forecast earnings for a prospective yield of 3.3 per cent, they are not expensive and have become a much more attractive long-term proposition.

Advice Buy
Why In a strong position to capitalise on growth in online sports betting and gaming, particularly in America

[srpactive] 03/12/2020 08:42

c / it / w

Morning all, can you print print the article here please?

tia

active

[coxsmn] 03/12/2020 08:36

https://www.casinobeats.com/2020/12/01/gvc-holdings-tops-all-in-diversity-projects-all-index/

[coxsmn] 03/12/2020 08:19

positive article from The Times was long overdue

[italianofacile] 03/12/2020 05:18

The Times UK...good write up.. Recommending as a Buy..

[wilco69] 02/12/2020 19:39

The JV should do well in Michigan due to the MGM Grand Detroit property.

[italianofacile] 02/12/2020 19:11

We are one step closer to an online gambling launch here in Michigan.

The state legislature’s Joint Committee on Administrative Rules waived a maximum of 15 session days on Tuesday, moving the internet sports betting and internet gaming rules along to the next step.

In Lansing, the Michigan Gaming Control Board will next send the rules to the Office of the Great Seal.

There is likely to be at least a couple weeks of licensing and procedure before an actual launch of online gambling for consumers.. SOURCE PM

[coxsmn] 02/12/2020 14:22

We are due a strong re-rating here.

[jayjaymc] 02/12/2020 13:59

The good news does seem to be coming out but again we are dipping. Meanwhile 888 are up nearly 6%.

[srpactive] 02/12/2020 13:02

c

The story continues to improve.