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GVC to be renamed Entain to reflect lofty ambition of group_1

British sports betting and gambling company GVC Holdings PLC (LSE:GVC) has announced it will be renamed Entain plc. The move, which is subject to shareholder approval, reflects the Isle of Man-based group’s ambition to be “the world-leader in sports betting and gaming entertainment.”

The London-listed firm has announced several major changes to its future operations, among them is to operate 100 percent across regulated markets by the close of 2023, with 99 percent of revenue derived from regulated markets by this year’s end.

“We are absolutely committed to pursuing the highest standards of corporate governance.”

Proceeds from regulated or regulating markets currently account for approximately 96 percent…