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Bwin.Party Achieves Growth In Net Revenue In Fourth Quarter

Tue, 05th Jan 2016 07:29

LONDON (Alliance News) - Bwin.Party Digital Entertainment PLC on Tuesday reported a rise in net revenue in the fourth quarter of 2015, ahead of its merger with smaller peer GVC Holdings PLC.

The online gaming company said net revenue in the fourth quarter of 2015 grew 4% year-on-year, driven by sports betting and casino, as strong growth in mobile benefited from further product enhancements.

Bwin added that its takeover by peer GVC is expected to complete on February 1.

"Based upon recent trading performance, the forthcoming Euro Championship in 2016 and the full year benefit of cost savings already achieved in 2015, the board believes that the group's prospects are strong, and these will be enhanced yet further by the proposed combination with GVC Holdings PLC," Bwin said in a statement.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

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BPTY.L Share News (BPTY)

Bwin.Party Achieves Growth In Net Revenue In Fourth Quarter

DIRECTOR DEALINGS SUMMARY: GVC Chair, CEO Buy Shares After Bwin Deal

UPDATE: DIRECTOR DEALINGS: GVC Chairman Buys More Shares

CORRECT: DIRECTOR DEALINGS: GVC Chairman And CEO Buy Shares After Bwin Deal

DIRECTOR DEALINGS: GVC Chairman And CEO Buy Shares After Bwin Deal

Dividends Calendar - Week Ahead

Bwin.Party confirms talks with 888 Holdings have ended

Bwin.Party Confirms Talks With 888 Holdings Have Ended

DIRECTOR DEALINGS SUMMARY: Two Bwin Non-Executives Buy 150,000 Shares

DIRECTOR DEALINGS: Bwin.Party Chairman Buys 100,000 Shares

DIRECTOR DEALINGS: Bwin.Party Non-Executive Buys 50,000 Shares

UPDATE 2-Betfair, Paddy Power reach agreement on 6 bln stg tie-up

BUZZ-Bwin: extends Friday's fall, top mid-cap loser

2nd UPDATE: Bwin.Party Bets On GVC Offer As 888 Pulls Out (ALLISS)

UPDATE 4-GVC trumps 888 to clinch deal for Bwin

UPDATE: Bwin.Party Bets On GVC Takeover Offer As 888 Pulls Out (ALLISS)

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