GVC offloads Sportium stake for €70m

GVC to “simplify” its business in Spain after selling 50% stake in retail betting operator to JV partner CIRSA

GVC Holdings has negotiated a deal to sell its 50% stake in Spanish retail betting giant Sportium to joint venture partner CIRSA for €70m. As part of the deal, which is subject to regulatory approval, bwin will become the operator’s flagship brand in Spain while GVC will continue to work with Sportium as a B2B…

bwin | Finance | GVC Holdings | Ladbrokes Coral | Spain | Sportium | Strategy