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
SiGMA Central Europe
03 de November 2025
1xBet Partners Strengthens Relationships and Showcases Innovations at SiGMA Central Europe 2025
(Rome, SoloAzar Exclusive).- In an exclusive post‑show interview, Simon Westbury, Strategic Advisor at 1xBet, highlighted the company’s focus on reinforcing ties with affiliate partners during SiGMA Central Europe 2025 in Rome. The firm presented key tools such as live reporting with cohort views, geo‑targeted creatives in more than 25 languages, API product feeds and deep links, along with compliance and responsible gaming assets. Audience response was highly positive, with partners praising dashboard transparency, broad local payment coverage, and CRM strategies that optimize conversion between sports and casino.
Monday 01 Dec 2025 / 12:00
Galaxsys Showcases Chicken Crash and Expanding Fast-Game Portfolio at SiGMA Central Europe 2025
(Rome, SoloAzar Exclusive).- In an interview with Teni Grigoryan, Chief Sales and Partner Management Officer at Galaxsys, the company highlighted its newest release Chicken Crash alongside popular titles like Maestro and Tower Rush at SiGMA Central Europe 2025. With a focus on fast, engaging, and easy-to-understand gameplay, Galaxsys drew strong audience interest, reinforced its diverse portfolio, and outlined clear priorities for continued expansion and innovation heading into 2026.
Friday 28 Nov 2025 / 12:00
Toni Karapetrov from Habanero at SiGMA Central Europe: "Italy has been a fundamental market for us since 2016"
(Rome, SoloAzar Exclusive ).- In this interview, Toni Karapetrov, Head of Corporate Communications at Habanero, discusses the company’s emphasis on its slot portfolio, strong audience engagement, and the growing importance of adaptable technology—while assessing the event’s networking value and business potential across Europe.
Friday 28 Nov 2025 / 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.