The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGVC.L Share News (GVC)

  • There is currently no data for GVC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK Gambling Firms To Halt TV And Radio Advertising During Lockdown

Mon, 27th Apr 2020 15:39

(Alliance News) - The UK's largest gambling firms have said they will remove all TV and radio advertising for games and products during the coronavirus lockdown.

The Betting & Gaming Council said firms have voluntarily agreed to remove all their gaming advertising for at least six weeks.

It comes a week after the government wrote to gambling firms asking them to provide regular updates on how they are tackling problem gambling during the lockdown.

The industry body said existing TV and radio advertising slots will be replaced by safer gambling messages, donated to charities or removed from broadcast where contracts allow.

The BGC, which represents betting shops, online betting and gaming, bingo and casinos, said it has made the move despite a fall in advertising spend and the volume of TV sport and casino adverts falling up to 10%.

It added that all operators will "look to implement this change as rapidly as possible but no later than Thursday, May 7".

Members of the trade body account for about 50% of all gambling advertising on TV and radio.

BGC Chief Executive Michael Dugher said the gambling industry has "worked very closely with government" during the pandemic.

He said that total online revenue in the sector has dived 60% during the lockdown, saying "there hasn't been an explosion in people betting online as some had predicted".

Dugher said: "From day one of this crisis, we have sought to protect customers potentially at risk, including announcing stepping up safer gambling measures as part of our 10 pledges for Covid-19 in March.

"This latest move by the regulated industry further underlines our commitment to safer betting and gaming, with many people cut off and feeling anxious.

"This major announcement by our members will result in the removal of half of all product advertising on TV and radio.

"I hope now that other major gambling operators like the National Lottery follow our lead."

On the London Stock Exchange, Paddy Power-parent Flutter Entertainment PLC was trading 0.9% higher at 9,128.00 pence. William Hill PLC was 14% higher at 105.18p and Ladbrokes-owner GVC Holdings PLC rose 3.0% to 720.00p.

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
3 Jun 2020 17:28

TOP NEWS: Centrica And easyJet Bumped From FTSE 100 For Avast And GVC

TOP NEWS: Centrica And easyJet Bumped From FTSE 100 For Avast And GVC

Read more
2 Jun 2020 14:29

EasyJet and Carnival to bid FTSE 100 adieu due to COVID-19

By Julien PonthusLONDON, June 2 (Reuters) - EasyJet and cruise operator Carnival are set to lose their seat at the top table of British blue chips after the COVID-19 crisis knocked the value of their shares to below the threshold of London's pres...

Read more
21 May 2020 11:50

GVC Expects To Receive UK Tax Rebate Of GBP200 Million

GVC Expects To Receive UK Tax Rebate Of GBP200 Million

Read more
21 May 2020 08:36

GVC to receive £200m rebate after historic VAT ruling

(Sharecast News) - Ladbrokes-owner GVC Holdings is on course to receive a £200m windfall after the government decided not to appeal a key ruling over historic tax payments.

Read more
19 May 2020 09:45

UK BROKER RATINGS SUMMARY: JPMorgan Raises Homeserve To Overweight

UK BROKER RATINGS SUMMARY: JPMorgan Raises Homeserve To Overweight

Read more
15 May 2020 17:49

Irish horseracing to return without spectators from June 8

DUBLIN, May 15 (Reuters) - Horse racing will be allowed to resume in Ireland without spectators on June 8, the government said on Friday, with face coverings mandatory for jockeys and temperature tests for all key personnel on entry.With racing in ne...

Read more
1 May 2020 08:46

GVC Board And Senior Managers Take Pay Cut And Waive Bonuses

GVC Board And Senior Managers Take Pay Cut And Waive Bonuses

Read more
1 May 2020 07:37

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

(Sharecast News) - 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.

Read more
28 Apr 2020 10:59

UK WINNERS & LOSERS SUMMARY: Games Workshop Rises As It Resumes Sales

UK WINNERS & LOSERS SUMMARY: Games Workshop Rises As It Resumes Sales

Read more
28 Apr 2020 10:17

GVC Holdings Secures GBP535 Million Revolving Credit Facility

GVC Holdings Secures GBP535 Million Revolving Credit Facility

Read more
28 Apr 2020 08:49

GVC agrees new ?535m revolving credit facility

(Sharecast News) - Sports betting and gaming group GVC Holdings said on Tuesday that is has agreed a new ?535m revolving credit facility with existing lending banks and that it expects to achieve its target of reducing cashflow to breakeven.

Read more
24 Apr 2020 13:45

Friday broker round-up

(Sharecast News) - Beazley: Jefferies upgrades to buy with a target price of 575p.

Read more
24 Apr 2020 10:37

Berenberg ups target price on GVC

(Sharecast News) - Analysts at Berenberg raised their target price on bookmaker GVC Holdings from 850.0p to 900.0p on Friday, stating the group was "well positioned" to emerge from the Covid-19 pandemic as "a winner".

Read more
24 Apr 2020 09:38

UK BROKER RATINGS SUMMARY: Jefferies Cuts Diageo, Goldman Cuts Hikma

UK BROKER RATINGS SUMMARY: Jefferies Cuts Diageo, Goldman Cuts Hikma

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.