'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.