Strategic Investment approved by Maltese LGA

RNS Number : 3296I

GVC Holdings PLC

29 May 2014

 



Press Release

29 May 2014

GVC Holdings PLC

("GVC" or the "Group")

Strategic Investment approved by Maltese LGA

Further to the announcement made on 14 May 2014, GVC Holdings PLC (AIM:GVC) is pleased to announce that Betit Holdings Limited ("Betit"), the joint venture company that the Group has established with Betit Securities Limited ("BSL"), has now been granted approval by the Lotteries & Gaming Association of Malta ("LGA").  Following LGA approval, GVC has now made its upfront commitment of €3.5 million to Betit.

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For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive	Tel: [phone]
Richard Cooper, Group Finance Director	www.gvc-plc.com

Daniel Stewart & Company Plc	Tel: [phone]
David Hart / Paul Shackleton / Martin Lampshire	www.danielstewart.co.uk

Media enquiries:

Abchurch
Henry Harrison-Topham / Olivia Stuart Taylor	Tel: [phone]
[e-mail]	www.abchurch-group.com

About GVC Holdings PLC

GVC Holdings PLC is a multinational sports betting and gaming group.  Its core brands are CasinoClub, Betboo and Sportingbet.  The Group has over 600 employees and is headquartered in the Isle of Man and is licensed in Malta, Germany, Denmark, UK, South Africa, Italy, Alderney and the Dutch Caribbean.

Further information on the Group is available at www.gvc-plc.com

 

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