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  1. #1
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    Default The Other Shoe Drops for GVC Holdings: APCW Perspectives for 24 July, 2020

    The Other Shoe Drops for GVC Holdings


    After reporting an 11% drop in revenue for the first half of this year,
    GVC Holdings Chief Executive Kenny Alexander suddenly stepped down.
    But was a dip in profits really the reason for his exit?
    We're also covering news from America and the UKGC.



    WATCH ON YOUTUBE



    Links to News Stories:

    GVC 11% Drop in Profits: https://www.igamingbusiness.com/news...gvc-revenue-h1
    GVC CEO Steps Down: http://www.gpwa.org/article/gvc-ceo-...company-236264
    GVC CEO Steps Down (2): https://www.yogonet.com/internationa...after-13-years
    GVC Tax Probe: https://www.bbc.com/news/business-53486213
    GVC Tax Probe (2): https://www.reuters.com/article/us-g...-idUSKCN24M0NF
    Coral/Ladbrokes Moving Off IA: http://www.gpwa.org/forum/coral-ladb...ia-253579.html
    UK Casinos to Reopen: http://www.gpwa.org/article/uk-casin...-august-236281

    Last edited by GPWA Daniel; 24 July 2020 at 2:02 pm.
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    GVC never surprise me and neither does Kenny Alexander. It's about time that this guy left.

    There is some good news regarding our industry. Despite all of this ongoing drama, our online gaming market continues to keep growing.

    A great show from you as usual JT. Always appreciated.

    Stay safe.
    Last edited by Cash Bonus; 24 July 2020 at 4:31 pm.

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    I met with with GVC representatives regarding Foxy Bingo at a conference, I will never forget their arrogance and disdain for affiliates. They didn't see anything wrong with a program closing wiping out all affiliate referrals and opening up again new. They pointed out many affiliates joined their "new" program so it was a great financial decision on their part.

    I certainly hope they get new leadership that changes that mindset.
    I am here to help if you have any issues with an affiliate program.
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    GVC are total crooks.

    Arrogance is their second name. About that boss left, I read too much and I guess he has to be in a "warmer place".

    Bwin is on of the brand they ****** all the affiliates all around the globe.
    Seven times fall, eight times stand.

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    Quote Originally Posted by Anthony View Post
    I certainly hope they get new leadership that changes that mindset.
    The only hope here is that they will go broke, leave the market share to honest folks like bet365 or someone new and that they rot in jail.

    Nobody sane would give them traffic unless they pay what they owe, which indeed will not happen.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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    Quote Originally Posted by Anthony View Post
    I met with with GVC representatives regarding Foxy Bingo at a conference, I will never forget their arrogance and disdain for affiliates. They didn't see anything wrong with a program closing wiping out all affiliate referrals and opening up again new. They pointed out many affiliates joined their "new" program so it was a great financial decision on their part.

    I certainly hope they get new leadership that changes that mindset.
    Do you know what happened to them being on Activewins? It must have been short lived. Do you know if they ran with players from Activewins too?

    I remember my Activewins affiliate manager asking if I would promote them, this would have been at the same LAC. I just laughed and told him no chance.

    I remember their head of affiliates (or whatever she was) saying "why should we keep paying affiliates for customers they brought to us years ago". Like as though what they did was the norm. However the saddest part of the whole ordeal was the huge amount of affiliates who ran back to them. Letting GVC know there are plenty of mugs out there to continually abuse.

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    Amount of people who promote them might be relatively big, but those people are and will be just small fries. It is the same in crypto: millions people trade it, but just a few have significant amounts. The distribution is very uneven. This is why they pay the max 2.5M funy money, which is - I repeat - by order of magnitude less than revenue one of the biggest affiliates from bet365.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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