'We can triple our size in five years' - fresh start for a gambling giant
Last Wednesday gambling industry giant GVC Holdings changed its name to Entain following a shareholder vote at an extraordinary general meeting held in Gibraltar.
A symbolic moment perhaps, but it marked a new chapter in the relatively short history of the company, which was founded as Gaming VC Holdings SA only 16 years ago in Luxembourg.
In the years that followed the group has expanded rapidly, completing the acquisition of much of Sportingbet in 2013, bwin in 2016 and then, most spectacularly, Ladbrokes Coral in 2018. It is now listed on the FTSE 100, licensed in more than 20 countries and has more than 24,000 employees. In 2019 it generated £3.7 billion of net gaming revenues and processed £311.2bn in sports bets.
Read the full story
Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.
Subscribe to unlock
- Racing Post digital newspaper (worth over £100 per month)
- Award-winning journalism from the best writers in racing
- Expert tips from the likes of Tom Segal and Paul Kealy
- Replays and results analysis from all UK and Irish racecourses
- Form study tools including the Pro Card and Horse Tracker
- Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data
Already a subscriber?Log in
inFeatures
Copy- Government says it is working 'at pace' to have white paper measures in force by the summer
- 'The only thing you can do is lie fallow and regroup' - Meades to return with scaled-back operation following blank period
- The Gambling Commission has launched its new corporate strategy - but what are the key points?
- 'It was tragic it happened to Paddy but it was a good thing for the jockeys who followed - good came out of bad'
- Acquisitions, exits and retail resilience - what we learned from Flutter and 888's results
- Government says it is working 'at pace' to have white paper measures in force by the summer
- 'The only thing you can do is lie fallow and regroup' - Meades to return with scaled-back operation following blank period
- The Gambling Commission has launched its new corporate strategy - but what are the key points?
- 'It was tragic it happened to Paddy but it was a good thing for the jockeys who followed - good came out of bad'
- Acquisitions, exits and retail resilience - what we learned from Flutter and 888's results