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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GVC Holdings    GVC   IM00B5VQMV65

GVC HOLDINGS (GVC)
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GVC : Matt Hancock cuts top stake on FOBT to £2 - The Sun

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05/17/2018 | 12:34am CEST
Britain's Secretary of State for Digital, Culture, Media and Sport Matt Hancock arrives in Downing Street in London

(Reuters) - Media secretary Matt Hancock has said that the highest stake on fixed odds betting terminals (FOBT) will be cut to 2 pounds, The Sun reported on Wednesday.

Prime Minister Theresa May had been "on the fence for a while" with Chancellor Philip Hammond being opposed to the 2 pounds limit, but May eventually sided with Hancock and Sports Minister Tracey Crouch on the issue, the report said, citing a source. http://bit.ly/2rMiMig

British gambling firms GVC Holdings Plc and Betfred, along with other bookmakers, had been weighed down for the past few months by uncertainty over the review to decide the new top stake for slot machines.

FOBT is a touch-screen machine that allows players to bet on the outcome of various games such as roulette. Dubbed the "crack cocaine" of gambling, campaigners argue that the machines enable players to lose money too quickly, leading to addiction and wider social problems.

(Reporting by Ishita Chigilli Palli in Bengaluru)

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Financials (€)
Sales 2018 3 784 M
EBIT 2018 587 M
Net income 2018 41,7 M
Debt 2018 2 038 M
Yield 2018 3,21%
P/E ratio 2018 21,60
P/E ratio 2019 17,46
EV / Sales 2018 2,42x
EV / Sales 2019 2,25x
Capitalization 7 106 M
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Technical analysis trends GVC HOLDINGS
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 14,6 €
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Kenneth Jack Alexander Chief Executive Officer & Executive Director
Lee M. Feldman Non-Executive Chairman
Jim Humberstone Group Head-Trading & Operations
Shay Segev Chief Operating Officer
John Paul Maurice Bowtell Chief Financial Officer & Director
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