GVC board takes 20% pay cut amid Covid-19 crisis

Sports betting and gaming group GVC Holdings said on Friday that its board of directors and members of the Executive Committee are taking a voluntary 20% cut in salary and fees due to the coronavirus pandemic.

They will also forgo their bonuses for 2020, the Ladbrokes and Coral owner said. The reduction, which will remain in place for three months, is effective immediately.

GVC announced last month that it was cancelling its second interim dividend as a result of the pandemic.