Finance

GVC increases synergy targets with Lads Coral integration ahead of schedule

London-listed operator wipes £15m off future adverse EBITDA impact after positive FOBT fallout

GVC Holdings provided a boost for shareholders this morning after adding £15m of cost synergies to its 2020 target thanks to Ladbrokes Coral’s quicker-than-expected migration onto the GVC technology platform. The London-listed operator also reported the impact from the FOBT stake cuts has been better than expected, which should result in a further £15m EBITDA…

Finance | FOBTs | GVC Holdings | Ladbrokes Coral | Strategy | Technology | Triennial review

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