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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.”’Read a statement from Alexander…“While we do not underestimate the challenge presented by coronavirus, we are in a robust position to manage the impact on our operations....

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3 million) and about ￡260 million (5 million) in ‘accessible cash’. We are a diverse global business with an experienced and expert management team that operates across multiple products and markets.”...

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’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 (5.5 million) per month, which would encompass around ￡20 million (.The London-listed firm is responsible for such domains as PartyPoker....