GVC Expected Ratings Incorporate UK Betting Terminal Cap
Consumer Electronics / Global / Fri 18 May, 2018
The UK government's plan to cut the maximum stake on fixed-odds betting terminals to GBP2 from GBP100, announced yesterday, could put pressure on the credit profiles of many UK gaming companies as their revenues and margins will be likely to fall, Fitch Ratings says. The expected ratings on the enlarged GVC/Ladbrokes group incorporate the proposed