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GVC Holdings on track to minimise impact from COVID-19

6th April 2020 8:22 am GMT
SBTech

London-listed gaming operator GVC Holdings expects to report a lower than anticipated impact on EBITDA from COVID-19 as a result of mitigating actions taken in the final weeks of March.

GVC had previously estimated that retail closures and sporting cancellations due to COVID-19 would lead to a £100m monthly reduction in EBITDA, before any mitigating actions.

The company now expects to reduce the EBITDA impact to approximately £50m per month and average monthly cash outflow to approximately [...]

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