Day: 24 February 2020

Hedge fund mogul Ken Griffin has built a bet against one of the biggest UK gambling operators, GVC Holdings as the company is trying to fight stricter regulation that could be released. Mr Griffin, who is the founder of Citadel hedge fund, has placed an £80-million bet against the operator that currently owns one of the largest high-street bookmaker chains, Ladbrokes Coral. As reported by The Sunday Times, Citadel’s owner has now shorted the shares of GVC Holdings, hoping to derive profit from a decline in the shares’ value. Reportedly,…

Boyd Gaming, a large gambling company based in the US, has shared that a deal inked with an Irish gambling group has been helpful to attract new customers. The announcement that new clients have been lured to Boyd Gaming’s casinos thanks to its partnership agreement with Flutter Entertainment, which currently owns one of the largest bookmakers in the UK – Paddy Power Betfair – comes only a few days before the Irish gambling giant is set to publish its results later this week. At the same time, gambling regulatory bodies…