GVC Holdings sees lower earnings hit from betting price cap

(Reuters) – Ladbrokes owner GVC Holdings Plc on Thursday pointed to a lower-than-expected impact from the new British gambling regulations that capped betting on certain machines at 2 pounds from April.

Britain’s largest high street bookmaker, ahead of its capital markets day, said the impact of new regulations on core earnings would be 130 million pounds in 2020, lower than its earlier estimate of 145 million pounds.

The company, which owns brands such as bwin, Coral, Crystalbet and Eurobet had earlier said a cut to the maximum stake on fixed-odds betting terminals (FOBTs…
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