The GVC board of directors notes yesterday’s press coverage regarding the disposal of the Group’s Turkish-facing business in 2017. The board highlights the following:

The Disposal was subject to an arms-length competitive process, overseen by Houlihan Lokey investment bank.

The details of the Disposal were fully disclosed on 2 November 2017 ‘Disposal’ and on completion on 20 December 2017 ‘Disposal Completion’.

The walk-away from the Turkish earn-out was a specific condition of GVC’s acquisition of the Ladbrokes Coral Group plc being recommended by the Ladbrokes Coral Group’s board of directors, and was fully disclosed on 22 December 2017 within the ‘Rule 2.7 Announcement’.

The board today re-iterates the fact that subsequent to the Disposal of the Group’s Turkish-facing business, GVC has no activity either directly or indirectly linked to the Turkish market.

Furthermore, the board also categorically refutes suggestions that the Group, or senior management, continue to benefit from any operations servicing the Turkish market.

The business continues to perform strongly and is focused on taking a market leading position in the US and other regulated markets.