GVC Holdings the British sports betting and online gambling company waws pleased to announce recently that it was rebranding the firm to be named Entain. The Isle of Man headquartered group is waiting on approval from the shareholders to share its ambitious task to become the world leader for sports betting and wagering entertainment.
Listed on the London exchange the company will move on changes to its policy and will be operating in one hundred percent regulated markets by the end of 2023 with the goal of deriving ninety nine percent of its revenue from only regulated markets by this year’s end. The company already makes ninety six percent of revenue from regulated sources.
Ambitious plans for expansion were also announced by the firm. Four key areas of growth opportunities have been suggested that will significantly increase the scale of the group over the next three to five years. These points included the US betting market which is seeing many new jurisdictions opening up as well as new markets in other newly regulated environments. Changing demographics was also a target for expansion.
GVC Holdings Chief Executive Officer, Shay Segev, commented, “Today marks an exciting new chapter for the Group, and an important step forward in achieving our ambition of being the world leader in sports betting and gaming. Under our new corporate identity, we will continue to use our unique technology platform to build on the exceptionally strong momentum that we have in our existing markets, grow into new markets, reach new audiences, enhance the customer experience, and provide industry-leading levels of player protection.
“We are absolutely committed to pursuing the highest standards of corporate governance, to providing outstanding career development opportunities for our colleagues, and to supporting the communities in which we operate. Our clear strategy of prioritising sustainability and growth will allow us to achieve these goals, thereby providing long-term value for all of our stakeholders.”
