GVC Chairman to Step Down

Lee Feldman the chairman of GVC is to step down from his role at the gambling giant, this follows the news that Feldman along with CEO Kenny Alexander sold a large percentage of their respective shareholdings earlier this month. With the subsequent result seeing a run on GVC shares, which saw the share price fall by as much as 20% at one stage.

According to a report by Sky News, Feldman will have left the company by the time of GVC’s next Annual General Meeting which is to be held next year.

The British Newspaper the Daily Mail, goes on to state their source as saying that boardroom pay for Feldman and Alexander has caused raised eyebrows among investors, with Feldman and Alexander receiving nearly £50m between them over the past two years.

GVC Holdings own high profile brands such as Ladbrokes Coral, Foxy Bingo, BWin and betting exchange BetDaq.

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Simon Wright

Simon Wright

Simon Wright has been both a player and an observer of the online casino industry for over 15 years. His knowledge of the online casino industry – to include sports is massive. Not many folks have the experience or his knowledge about online gambling. His adoration of football is also noted. He has painted his house blue (Chelsea) and annoys his neighbors with local football songs on game days.

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