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
SBC Summit Americas 2025
13 de May 2025
ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM
(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.
Friday 13 Jun 2025 / 12:00
Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm
(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.
Thursday 12 Jun 2025 / 12:00
Air Dice Revolutionizes iGaming with Nord Legends and Player Protection Technology
(Fort Lauderdale, SoloAzar Exclusive).- Air Dice presented its innovative Nord Legends line at SBC Summit Americas, combining Norse mythology with advanced game mechanics. The company is committed to AI and gamification to enhance the user experience. Read more about Air Dice's strategic focus and global growth in this interview with Rocio Moitino, Director for Latin America.
Wednesday 11 Jun 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.