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GVC warns of impact of sporting cancellations on earnings

16th March 2020 3:02 pm GMT
GVC

London-listed sports betting and gaming operator GVC Holdings said Monday that the significant reduction in sporting events as a result of the coronovirus could reduce its full year EBITDA by between £130m and £150m.

Providing an update regarding the impact of COVID-19 and subsequent cancellation of sporting events, GVC said that the well-being, safety and security of its colleagues and customers was of paramount importance, with the company following government advice in each area of its operations and enacting contingency plans to minimise [...]

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