GVC.L Share News (GVC)

GVC.L Information

There is currently no data for GVC

GVC Holdings Reports BetMGM's Increased Fundraise To USD450 Million

Wed, 08th Jul 2020 16:50

(Alliance News) - Bookmaker GVC Holdings PLC on Wednesday said the total investment in its joint-owned ROAR Digital LLC unit has increased to USD450 million.

ROAR, which trades as BetMGM is also owned jointly alongside MGM Resorts International.

GVC noted an announcement from ROAR which said: "Its shareholders have committed to a second round of investment, bringing the total to USD450 million. This increase follows MGM Resorts' and GVC's total initial commitment of USD200 million and underpins their commitment to BetMGM becoming a leading player in the rapidly growing US sports betting and iGaming markets.

"These two rounds of investment provide the company with over USD370 million of investable capital at present."

The announcement noted at BetMGM is on track to operate in 11 states in the US by the end of 2020.

GVC shares closed 0.9% lower at 809.80 pence each in London on Wednesday.

By Eric Cunha; ericcunha@alliancenews.com

More News

4 Nov 2019 11:59

LONDON MARKET MIDDAY: Miners Rally On "Constructive" US-China Talks

4 Nov 2019 10:51

Shares in British gambling firms hit by plan to overhaul online casinos

MILAN, Nov 4 (Reuters) - Shares in British gambling companies fell sharply on Monday after a cross-party group of lawmakers called for a raft of measures to overhaul online casinos and protect vulnerable people.According to a report http://www.grh...

4 Nov 2019 10:39

UK WINNERS & LOSERS SUMMARY: Egdon Resources Hit By UK Fracking Ban

4 Nov 2019 09:23

UPDATE 2-Trade optimism propels European shares to near 2-year highs

* STOXX 600 hits highest since Jan 2018* Ryanair touches 1-year high after strong results* Autos, miners lead gains* Hopes of a U.S.-China trade deal rise* Trump may delay fresh tariffs on EU carmakers (Updates prices)By Susan MathewNov 4 (Reuters) ...

4 Nov 2019 09:17

UPDATE 2-FTSE hits one-month high on U.S.-China trade deal hopes

* FTSE 100 up 0.9%, FTSE 250 up 0.5%* Sino-U.S. trade hopes rekindled* Ryanair profit beat supports airlines* Gambling stocks buckle on calls to overhaul online casinos* Mothercare tanks as UK ops to be placed in administration (Adds news items, ana...

4 Nov 2019 09:02

GVC Selects Homeserve Chair Barry Gibson As New Non-Executive Chair

4 Nov 2019 08:09

GVC selects HomeServe's Barry Gibson for non-executive chairman job

(Sharecast News) - GVC Holdings on Monday selected HomeServe chairman Barry Gibson to succeed Lee Feldman as non-executive chairman when he steps down on 27 February 2020.

29 Oct 2019 11:34