GVC denies report related to company´s sale of Turkish business
Tuesday 09 de July 2019 / 12:59
2 minutos de lectura
(London).- Online gaming company GVC Holdings Plc (GVC.L) on Monday denied a report that Chief Executive Officer Kenneth Alexander last year sold the company’s Turkish unit to a business partner to push through the acquisition of rival Ladbrokes.
GVC disposed its Turkey business for no charge to a firm called Ropso Malta in 2018 and said it would book a 46 million euro loss on the sale after lenders for the Ladbrokes deal baulked at its exposure to a country where internet betting is illegal.
Ropso is backed by individuals that provided IT services for its Turkish business. It was incorporated five days before GVC announced the sale of its Turkish assets to the company, according to the Maltese company filings seen by Reuters.
GVC had initially agreed to sell the business for as much as 150 million euros (£148.5 million), before it struck the much bigger Ladbrokes deal.
The company, however, said on Monday the Turkish business was sold following a competitive process overseen by investment bank Houlihan Lokey and that all details were fully disclosed in previous announcements.
“Board also categorically refutes suggestions that the group, or senior management, continue to benefit from any operations servicing the Turkish market,” GVC said.
Shares of the company fell as much as 8.2% on Monday before paring losses after GVC put out a statement in response to the media report.
GVC shares closed down 7% at 629 pence
Categoría:Sportsbook
Tags: GVC Holdings Plc,
País: United Kingdom
Event
GAT EXPO CARTAGENA DE INDIAS 2024
09 de April 2024
Prometeo IT Solutions sets trends with its integrated solutions for the iGaming industry
(Cartagena de Indias, SoloAzar Exclusive).- Prometeo IT Solutions, a Mexican company, consolidated its position as one of the protagonists of GAT Expo Cartagena 2024, captivating attendees with its wide range of integrated and management systems for the gaming market, both for online and land-based casinos. SoloAzar interviewed Guillermo Rojas, commercial director of the firm, who stressed the highlights of its exhibition and shared valuable reflections on the dynamic Colombian market, among other topics of interest.
Wednesday 24 Apr 2024 / 12:00
Carlos Augusto Liseras Osorio in GAT: “We are in a process of frontal fight against illegality”
(Cartagena, SOLOAZAR Exclusive).- Carlos Augusto Liseras Osorio is a Paraguayan lawyer and politician, president of Cornajzar (National Gambling Commission) who left many concepts about the regulation of gambling in his country that are worth reading along the way durint the 25th anniversary of GAT Expo in Cartagena de Indias.
Tuesday 23 Apr 2024 / 12:00
CT Interactive attended GAT Expo 2024
(Sofia).- Diego Verano, Head of Business Development LATAM at CT Interactive, attended GAT Expo 2024, which took place between April 9 and 11.
Monday 22 Apr 2024 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.