Sportsbook

GVC denies report related to company´s sale of Turkish business

Tuesday 09 de July 2019 / 12:59

uk.reuters.com

⏱ 1 min read

(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 denies report related to company´s sale of Turkish business

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 2026

29 de September 2026

SBC Summit 2026 Wraps Up Record-Breaking Lisbon Edition

(Lisbon).- The event recorded 34.5% year-on-year attendance growth, with operator participation rising 37% and C-level attendance increasing 40.7%. SBC also confirmed a long-term agreement to keep Lisbon as the summit’s host city through 2030.

Thursday 15 Oct 2026 / 12:00

Exploring Market Particularities: Insights from ALEA’s Alexandre Tomic

(Lisbon, SoloAzar Exclusive).- Following his attendance at SBC Summit 2026, ALEA founder Alexandre Tomic reflects on the company's performance at the event, the milestones achieved through the rollout of new verticals such as sportsbook and Alea Jackpot, and the broader growth outlook across Europe, Latin America, and North America’s fast-moving sweepstakes sector.

Thursday 15 Oct 2026 / 12:00

CT Interactive Showcases Expanded Content Portfolio at SBC Summit

(Lisbon).- The company presented its latest titles, highlighted its aggregation strategy and explored new partnerships to expand its international distribution network.

Thursday 15 Oct 2026 / 12:00