BREAKING NEWS

BREAKING NEWS

Ladbrokes owner GVC moving some servers and licences ahead of Brexit

Ladbrokes owner GVC moving some servers and licences ahead of Brexit
FILE PHOTO: A sign hangs outside a branch of Ladbrokes in London, Britain December 22, 2017. REUTERS/Simon Dawson -
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SIMON DAWSON(Reuters)
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(Reuters) - Ladbrokes owner GVC Holdings Plc said on Tuesday that it made plans to relocate servers hosting online gambling platforms to Ireland to continue seamless operations after Brexit.

The British sports betting and gaming company said it also implemented plans that involve operating those parts of its business which have customers in the European Union under Malta online gambling licenses.

The company also posted underlying profit before tax for the full year of £434.4 million, up from £151 million last year.

(Reporting by Sangameswaran S in Bengaluru; Editing by Bernard Orr)

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