GVC "well positioned" post-pandemic, according to chairman

By Iqbal Johal

GVC Holdings chairman Barry Gibson has said the operator is well positioned to emerge from the coronavirus pandemic in a “position of financial and operational strength” as live sport resumes.

Gibson was making his first public statement since being appointed GVC chairman last November, ahead of an AGM.

Among the votes were the formal election of Gibson to the board as chairman, as well as the re-election of CEO Kenny Alexander, which were both voted for in favour.

With the reopening of betting shops on 15 June and the resumption of the Premier League on 17 June, Gibson said he was “encouraged” by early signs of recovery, with online performing strongly throughout the pandemic.

He said: “As we see the resumption of sporting events across our business our sport volumes are returning in-line with expectations. 

“Our retail outlets in England have now been open for a little over a week, albeit with extensive social distancing measures in place, and we are encouraged by the early signs as customers return to the high street. 

“As a result, GVC is well positioned to emerge from this period in a position of financial and operational strength.”

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