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GVC’s Share Price Climbs On New Framework Plan

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Updated: 27 August 2020

Sports betting and gaming company GVC Holdings has submitted a plan to Germany’s state lawmakers to try and phase in the country’s new regulatory gambling framework according to a report by European Gaming…

According to the report, GVC says its model could see the (brace yourself) Glücksspielneuregulierungstaatsvertrag regulations implemented in five stages.

Back in March, Germany’s heads of state met in Berlin and approved gambling regulations that will legalise online poker and casino’s from July the first 2021.

GVC’s Share price…

Shares of GVC had reacted favourably shortly after the markets opened in London, trading as high as 839.4p per share, up over 1%. However, they have since fallen and are currently trading at 822.2p, up just 0.26%.

GVC’s plan would mean a comprehensive evaluation of each business to make sure it can implement the requirements in the legislation.