Finance

GVC flags £150m EBITDA hit as coronavirus postpones 2020 sporting calendar

London-listed operator suggests further £50m negative impact per month if UK retail is forced to close

GVC Holdings could see annual EBITDA fall by £150m if coronavirus causes the cancellation of Euro 2020 and Royal Ascot. The London-listed operator modelled a Covid-19 scenario based on Euro 2020 being postponed until 2021 and all football cancelled until July 2020, as well as Aintree and Royal Ascot being called off. The EBITDA estimate…

Coronavirus | Finance | GVC Holdings | Kenny Alexander | Sports betting

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