Fri. Apr 12th, 2024

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GVC Holdings warns of financial fallout from coronavirus pandemic

Prominent online casino and sportsbook operator GVC Holdings has warned investors that its annual earnings before interest, tax, depreciation and amortization could fall by as much as £150 million ($175.9 million) this year as a result of the ongoing global coronavirus pandemic.

The London-listed firm is responsible for such domains as PartyPoker.com, Bwin.com and Coral.co.uk and used an official Monday press release to explain that the decline is due to the fact that the coronavirus outbreak has led to the cancellation or delay of a number of this year’s live s…