Press Speculation

30 July 2020

GVC Holdings PLC

("GVC")

Press Speculation

The GVC Board of Directors notes today's press speculation regarding the HMRC investigation into legacy payment service providers to the Group's former Turkish-facing business, disposed of in 2017. 

HMRC's investigation relates to former third-party payment service providers whose only legacy link to GVC was the provision of services to the Turkish-facing business.  The Board can confirm that it has no evidence of any link between the HMRC investigation and the payment service providers mentioned in the newspaper report.  

As announced on 20 July 2020, GVC is fully complying with HMRC's investigation and will update the market as appropriate.

As reported on 16 July 2020 GVC continues to perform strongly and looks forward to sharing more detail regarding its Interim financial results on 13 August 2020.  GVC continues to focus on nationally regulated and regulating markets, from which it generates 96% of its revenues.

Enquiries:

LEI: 213800GNI3K45LQR8L28

About GVC Holdings PLC:

GVC Holdings PLC (LSE:GVC) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector.  The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US.  The Group is tax resident in the UK with licenses in more than 20 countries, across five continents.

For more information see the Group's website: www.gvc-plc.com