Organization asks Biden to Draft Michelle Obama as his VP

first_imgAn organization is encouraging presumptive Democratic presidential nominee Joe Biden to pick Michelle Obama as his Vice Presidential running mate. The “Draft Michelle Obama for VP” organization wrote an open letter to Biden Tuesday suggesting he extend a formal invitation to her join him on his campaign ticket. The letter says the former First Lady has the power to assure a win over President Trump but to also bring together a divided nation. The “Committee to Draft Michelle Obama for VP” is working to build “substantial grassroots support for a potential Michelle Obama candidacy,” members say. https://t.co/PdahHHvQOT— ABC News (@ABC) May 6, 2020 It goes on to say Biden cannot afford to take any chances and needs the strongest ticket possible which they believe would be with Mrs. Obama as his VP.last_img read more

GVC publishes ‘Ladbrokes Coral Prospectus’ confident of delivering a true global player

first_img GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Martin Lycka – Regulatory high temperatures cancel industry’s ‘silly season’ August 11, 2020 Related Articles Share Share StumbleUpon Submit The governance of GVC Holdings has today released its ‘combined prospectus’ relating to its £4 billion takeover deal of Ladbrokes Coral Plc.The deal which enters its final stages has been approved by Ladbrokes Coral governance and is set to be reviewed by the UK Competitions & Markets Authority (CMA), which this week set a 21 February deadline for industry comment.In its investor presentation, GVC governance outlines a ‘highly compelling strategic rationale’ for the enlarged enterprise, which seeks to become the dominant FTSE gambling enterprise.Should the deal be concluded, GVC will move to create a technology leading multi-channel/multi-market gambling group, capable of competing in any jurisdiction through its combined scale and established brands.“The enlarged group will be a fast-growing, diversified, highly profitable, international online and retail sports betting led gaming company with >90% of NGR coming from locally regulated/ taxed markets” details the GVC prospectus.Seeking to deliver fast growth and profits for its investors, GVC states that the new enterprise will set-out to implement the following key enlargement initiatives;Diversified strategy focusing on scale within regulated marketsEstablish leading UK operations with a complementary international revenue base.Creation of a true global gaming & betting enterpriseDeveloping market leading scalable technology systemsClear group focus on sports bettingStrong emphasis on combined synergy creationsFurther deal advantages, see GVC governance highlight the leadership combination of both companies, which have proven executive teams with experience in corporate mergers.Throughout the prospectus, GVC highlights the importance of technology ownership, which the firm believes will help the new FTSE enterprise achieve effective multi-channel distribution combined with ‘highly flexible and highly scalable technology across all verticals’.The combined enterprises of GVC and Ladbrokes Coral will service a total of 15 brands, with an established presence in the UK, Italy, Spain, Belgium, Germany and Australia. Furthermore, the new FTSE gambling enterprise will have a strategical advantage should the US betting market be regulated.In its deal summary, GVC governance urges investors to take ‘the initiative now’, in order to secure ‘strategic and synergy benefits of the combination to be realised in the short term’.As the leading party in the transaction, GVC believes that it has secured stakeholders a flexible deal structure which allows for range of triennial scenarios, combined with favourable financing conditions.last_img read more