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 2025
28 de April 2025
26th edition of GAT Expo Cartagena closed with great success
(Cartagena de Indias).- The most important fair for the gaming, entertainment, technology and Esports industry in Latin America ended with an excellent commercial balance and testimonials of satisfaction from suppliers and operators, local and international authorities, associations and the main trade unions in the region.
Friday 02 May 2025 / 12:00
Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia
(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.
Wednesday 30 Apr 2025 / 12:00
GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena
(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.
Wednesday 30 Apr 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.