GVC sees lower EBITDA impact from FOBT stake cut

16th May 2019 9:22 am GMT

Shares in GVC Holdings gained nearly 3 per cent in London Thursday after the company revealed that the impact from the UK’s Triennial Review would be lower than expected.

The company had previously expected the Triennial Review’s reduction on fixed odds betting terminal (FOBTs) stake limits to have an adverse impact on group EBITDA of £145m in 2020, reducing to an adverse EBITDA impact of £120m in 2022.

This has now been lowered [...]