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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 (5. However, the firm revealed that approximately 45% of such earnings in 2019 had come from live sporting events with these activities moreover accounting for some 43% of its total online income.’Overriding optimism:But, Kenneth Alexander (pictured), Chief Executive Officer for GVC, used the press release to declare that his firm ‘retains a strong balance sheet’ as well as an undrawn revolving credit facility worth in the region of £550 million (5....
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