Entain PLC (LSE:ENT)

£ 7.458 0.238 (3.3%) Market Cap: 4.77 Bil Enterprise Value: 8.15 Bil PE Ratio: 0 PB Ratio: 2.10 GF Score: 70/100

GVC Holdings PLC Second Round Of Investment In BetMGM Corporate Call Transcript

Jul 08, 2020 / 04:00PM GMT

Release Date Price: £8.1 (-0.93%)

Transcript

Operator

Good afternoon, ladies and gentlemen, and welcome to this GVC Conference Call. Speaking to you this afternoon, we have GVC's CEO, Kenny Alexander; and also GVC's CFO, Rob Wood.

Before I hand you over, can we just remind you that this call is being recorded. (Operator Instructions)

And now I would like to hand you over to Kenny Alexander. Please begin your presentation.

Kenneth Alexander;Chief Executive Officer

Hi, there, good afternoon all. Obviously, we've just put out an announcement about the additional investment, both ourselves and MGM have put into our U.S. joint venture. I've always said that -- I've said it from the day we did the deal with MGM, that this would be potentially one of the best deals we've done in terms of value creation. And as of today, I remain as convinced that this opportunity is huge.

We have an aspiration to be a market leader. And it is quite clear the way the market is opening up by the amount of investment that is required in marketing, et cetera, that we will require additional investment

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