Toleration Policy Could Cost GVC A Third Of German Profit

A German online gambling toleration policy that takes effect next week will cost GVC Holdings 30 to 35 percent of EBITDA generated in the market, executives have said.

An agreement that pulls forward requirements from a planned July 2021 interstate treaty on online gambling will cost GVC about a third of German earnings before interest, tax, depreciation and amortisation, chief financial officer Rob Wood told analysts on Thursday. 

The first set of requirements, which include stopping blackjack and roulette, start next week, with €1 stake limits on online slots taking effect on December 15.

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