GVC Holdings, the owner of such brands as Ladbrokes, Bwin, Coral and Partypoker, will be back in the FTSE 100 index of leading UK companies from 18 June 2020.
As Covid-19 has ravaged travel, energy and property companies, GVC Holdings has managed to shrug off most of what is happening to its betting shops by forging ahead on the internet.
In the UK, the casinos and betting shops have been shut for several months and Internet has taken market share. It will be interesting when the land-based business does finally open whether punters will return. Given the distancing guidelines I doubt land-based betting will be as attractive as it once was. But at least Covid-19 will not last forever and at some point normality will resume, but will gamblers’ behaviour have been changed for good.
By Warwick Bartlett