GMVHF News and Press, Gvc Holdings Plc From 06/16/23

2023-06-16 12:05:52 ET Entain plc ( OTCPK:GMVHF ) ADRs rose 2% after shareholder Eminence Capital called the sports betting company's recent plan to fund its acquisition of STS Holdings with an equity sale is "illogical." Eminence Capital, which has a 2.1% stake in Entain and ha...

2023-06-14 06:49:17 ET Jefferies weighed in on Entain's ( OTCPK:GMVHF ) deal to acquire buy Poland-based sports betting operator STS Holdings for $946M. The acquisition of the top sports betting operator in Poland is aimed at expanding Entain's reach in Europe. Analyst James Wheatcr...

2023-05-06 02:55:14 ET Summary DraftKings stock has recovered over 130% from its early January 2023 lows, stunning bearish investors and short-sellers. Management stressed at its recent earnings update that it's on track for adjusted EBITDA profitability breakeven in the second qu...

2023-04-30 11:45:59 ET The release by the UK government of its long-awaited gambling reform White Paper has provided some clarity for the gaming sector, although some additional changes could still be made. For the most part, the findings were on par with expectations. The White Paper sugge...

2023-04-20 06:18:29 ET Summary The 1Q23 trading update showed a significant 11% increase in Group NGR. BetMGM has reached the 25% mark of the midpoint of its 2023 revenue and the 2H23 EBITDA forecast of positive growth has been restated. While there are some warning signs, suc...

2023-04-18 07:30:00 ET Summary BetMGM is not profitable yet. In fact, it is still growing its losses, but that can eventually turn and Entain plans on turning the ship around towards the end of 2023. There has been some speculation in the past of MGM Resorts buying Entain to conso...

2023-04-05 08:45:21 ET The UK Gambling Commission's whitepaper on gambling has been finished and is now in the "write-round" process. The whitepaper is expected to be published shortly after the Easter parliamentary recess in the UK, which ends on April 17, according to a CTFN report ...

2023-03-30 08:38:49 ET The bracket-busting nature of the NCAA college basketball tournament this year may be helping the house with its edge, according to analysis from Macquarie. Analyst Chad Beynon and team calculated an above-average hold rate of 8% after a rash of upsets during ...

2023-03-11 11:04:42 ET The NCAA basketball tournament will begin on March 14 with a record number of Americans forecast to place legal sports bets with new states in the mix. The latest state to legalize online sports betting was Massachusetts with apps now live for BetMGM ( MGM ), ...

2023-03-10 18:32:08 ET Entain Plc (GMVHF) Q4 2022 Results Conference Call March 09, 2023 04:00 AM ET Company Participants Jette Nygaard-Andersen - CEO Barry Gibson - Chairman Rob Wood - CFO and Deputy CEO David Lloyd-Seed - Chief IR & Communications Offic...