GVC Holdings PLC, the global sports betting and gaming group, provides an update regarding the impact of enforced store closures across UK and European retail as a result of further restrictions due to Covid-19.
"The well-being, safety and security of our colleagues and customers is of paramount importance to us. We are following government advice in each area of our operations and are enacting contingency plans to minimise the impact on the business", said.
Further restrictions have now been imposed in England, in addition to those already in place across our wider UK Retail and European Retail operations1. " In order to provide clarity on the impact of the enforced store closures on our retail operations, we set out below the approximate impact on EBITDA as a result of a) current closures for the required durations as notified as of today1, and b) the impact if all retail stores were to be closed for a full month. These estimates include the benefit of government support where available and other retail cost mitigation".
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