GVC Holdings will be renamed Entain plc as part of its strategy for sustainability, growth and innovation (Video)

On the group's future projects, Shay Segev, CEO of GVC, commented:
“Today marks an exciting new chapter for the Group, and an important step forward in achieving our ambition of being the world leader in sports betting and gaming. Under our new corporate identity, we will continue to use our unique technology platform to build on the exceptionally strong momentum that we have in our existing markets, grow into new markets, reach new audiences, enhance the customer experience, and provide industry-leading levels of player protection."

Likewise, he stressed that in order to achieve the group's goals, they are convinced of the importance of having the highest corporate governance standards, providing excellent professional development opportunities for their human talent and supporting the communities in which they operate.

When it comes to technological innovation, GVC reports that they are prepared to explore new trends in betting and entertainment, as the continuous changes in the current scenario represent new audiences, markets and opportunities.

Likewise, it highlights that the fact of being an entertainment company with patented technology has allowed them to: expand the range of products and services; adapt to regulatory changes; protect customers; improve the customer experience; integration of acquisitions; and grow more than the competition.

Regarding its strategy based on sustainability and growth, GVC ensures that the most sustainable business in the industry will be the most successful business, and with that in mind, they launch a new Sustainability Charter that is based around five cornerstones:

1. An exclusive focus on regulated markets:
Today, 96% of revenue comes from regulated markets; By the end of 2023, they aim to be 100%. Therefore, GVC has decided that they will leave those markets where they see the implementation of regulation as unlikely.

2. Continue to lead responsible gaming:
Ensuring the highest possible levels of player safety and security is the best way to ensure your long-term success. To do this, they have launched the Advanced Responsibility & Care program that uses technology to further improve player protection through a number of additional checks on customers at various thresholds in the customer journey.

3. Integration of responsible gambling in the annual bonus conditions for the entire group.

4. High standards of corporate governance:
As the board and nominating committee are focused on bringing greater diversity to the organization, it is anticipated that further changes to the board's membership will be made in due course.

5. Investment in human talent and local communities
They will continue with the hiring, retention and training of the best people in the industry, for this they also highlight their commitment to diversity and the creation of the best place to work.

They also formalized the launch of the Entain Foundation, which is committed to donating £ 100 million over the next five years.

The actions described above will reduce EBITDA in 2021 by around £ 40 million, but this is offset by strong growth, as set out below.

Growth: four key drivers

GVC reports that the group has a variety of exciting growth opportunities that can significantly increase the scale of the Group over the next three to five years.

These opportunities are based on four strategic imperatives:
Become the leading operator in the US through BetMGM, its joint venture with MGM Resorts.

Growth in its main markets

Entering new regulated markets through organic opportunities, mergers and acquisitions.

Expand to new audiences for new forms of entertainment such as eSports.

On the other hand, the overall profit to EBITDA this year of roughly £ 30 to £ 40 million, which largely offsets the £ 37 million impact from the current store closures, as announced on 2 November. Therefore, the EBITDA forecast for fiscal 2020 remains in the range of £ 770 million to £ 790 million.